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Showing 301 - 310 of 1083 results for "Commissioner"

Daniel Crennan resigns

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
ASIC deputy chair Daniel Crennan has resigned following revelations his remuneration exceeded the regulator's salary cap. Senator Mathias Cormann tabled a statement from Crennan during Senate Estimates this morning at the request of Treasury. "In ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... Catherine Armour taking home the most of the cohort at $610,216 for the year. Sean Hughes was the second-best-paid commissioner at $604,106, followed by John Price at $582,3094 and Danielle Press with $575,724. Taking to Twitter, Senator Andrew Bragg ...

ASIC to curb huge CFD losses

KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... the opening price, the buyer makes a profit. If the trade price decreases, the seller then makes the profit. ASIC commissioner Cathie Armour said the leverage ratio limits aim to decrease the size and speed of retail clients' losses by reducing CFD ...

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... client money received was held in segregated client money trust accounts. This breach cost the company $25,000. ASIC commissioner Cathie Armour said protecting client funds is critical to investor confidence and market integrity. "The law is very clear ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... to the Financial Planning Association of Australia, Henderson allegedly called her "aggressive" and "nit-picking". Commissioner Kenneth Hayne did not accept Henderson's defence that the advice he provided to that client was a "draft".

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... towards the orderly transition of billions of dollars' worth of financial contracts in the derivatives market," ASIC commissioner Cathie Armour said. "Industry wide adoption will significantly reduce the risks of contractual disputes, litigation and ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... efficient, resilient, reliable and scalable to meet existing and future needs of the market and participants," ASIC commissioner Cathie Armour said. ASIC and the RBA, as well as the broader Council of Financial Regulators and the ACCC, were closely supervising ...

ACCC amends consumer data right rules

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... with their consent, and will facilitate "greater participation in the consumer data right by fintech firms". ACCC commissioner Sarah Court said the changes are the first in a series of measures to reduce the time and cost to enter and operate within ...

Chief economist update: The W in the second wave

BENJAMIN ONG  |  TUESDAY, 29 SEP 2020
... have given way to a second wave of coronavirus infections in the continent. Worse, Stella Kyriakides -- European Commissioner for Health and Food Safety since 2019 - notes that some countries are reporting more cases now than they did during the peak ...

Remembering Susan Ryan

JAMIE WILLIAMSON  |  MONDAY, 28 SEP 2020
... women. A steadfast advocate of equal opportunity, in 2011 Ryan was appointed Australia's first Age Discrimination Commissioner - a title she held for five years, in addition to that of Disability Discrimination Commissioner. In a tribute, Prime Minister ...