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Showing 11 - 20 of 134 results for "Danielle Press"

ASIC warns super funds on member communication failure

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... Super (Pool A), SCS Super (Australian Catholic Superannuation and Retirement Fund LifetimeOne). ASIC commissioner Danielle Press warned trustees that fail the performance test need to get the balance right in their communications and "need to be transparent ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... Superannuation Funds (CMSF) in Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner Danielle Press and Australian Tax Office (ATO) deputy commissioner Emma Rosenzweig shared a few areas of focus. Rosenzweig said the ATO has ...

Don't wait for QAR: Press

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
ASIC commissioner Danielle Press pointed out at the Conference of Major Super Funds that retirement products need to be improved and waiting for the Quality of Advice Review (QAR) is not the best strategy. "I think the product piece is important here ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
... will continue to monitor institutions' processes to complete ongoing work in this area," said ASIC commissioner Danielle Press. ASIC said it conducted the two reviews to investigate the extent of failure by the institutions to deliver ongoing advice ...

Regulators sound alarm on cybersecurity, fraud in super

ANDREW MCKEAN  |  FRIDAY, 24 FEB 2023
... for an iteration of the performance test for choice products in 2023, Ellis adds. Meanwhile, ASIC commissioner Danielle Press similarly emphasised the need for stronger cybersecurity measures in the financial services sector. "The area we're most ...

ETP naming conventions updated

JAMIE WILLIAMSON  |  THURSDAY, 24 NOV 2022
... transparent markets, particularly in the context of ETPs that have unique or novel features," ASIC commissioner Danielle Press said. "The overall reduction in the number of defined labels in our guidance is intended to encourage licensed exchanges and ...

ASIC welcomes second ASX market resilience consultation

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
... continue implementing and improving the resilience of the Australian equity market during outages. ASIC commissioner Danielle Press said: "ASIC continues to engage with market operators and participants as they implement steps to meet our expectations ...

ASIC finds shortcomings in wholesale market practices

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... practices were ad hoc, manual, and reflected a lack of prioritisation by participants," ASIC said. ASIC commissioner Danielle Press commented: "Wholesale financial markets, including fixed income, currencies, and commodities markets, are global, complex ...

BFID no hindrance to helping vulnerable members: Panel

CHLOE WALKER  |  WEDNESDAY, 7 SEP 2022
... policy David Haynes said super funds could and should be doing more for vulnerable members, while ASIC commissioner Danielle Press agreed and pointed out that the best financial interests duty actually allows for different members to be treated differently. ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... have the same protections as regulated financial products or they may underestimate the risks." ASIC commissioner Danielle Press said: "Crypto-assets are high-risk, volatile and complex. Brokers should think very carefully before offering crypto-assets ...