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Showing 321 - 330 of 516 results for "Powers"

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
... the design and distribution of products and giving the Australian Securities and Investments Commission (ASIC) increased powers to safeguard consumers were central recommendations in the final report of the Financial System Inquiry (FSI) that was handed ...

Murray calls for ASIC to have more money and power

MARK SMITH  |  SUNDAY, 7 DEC 2014
The Australian Securities and Investments Commission (ASIC) should be given greater powers and more money to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... undertake periodic capability reviews. Strengthening the Australian Securities and Investments Commission's funding and powers: Introduce an industry funding model for the Australian Securities and Investments Commission (ASIC) and provide ASIC with ...

Senate grills ASIC after it blocks 250,000 websites

LAURA MILLAN  |  TUESDAY, 2 DEC 2014
... due diligence, transparency and reporting" and is expected to present them to the Committee tomorrow. "The need for such powers, given the scale of criminal activities online, is beyond doubt, but their application needs to be subject to appropriate ...

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
... working in the best interest of the client rather than their institution. But in July, the government used its regulatory powers to modify aspects of the laws, raising the ire of consumer advocates, seniors and industry superannuation funds. They argued ...

Shareholder primacy a myth: Governance Institute

JAMES FERNYHOUGH  |  MONDAY, 27 OCT 2014
... said: "It is important to clarify that the legislation does not state that directors and other officers must exercise their powers and discharge their duties in the best interests of shareholders, although case law has tended to grant primacy to shareholders' ...

Global deflation - the next worry?

BENJAMIN ONG  |  THURSDAY, 23 OCT 2014
... far, only asset prices - bonds, equities, property - have inflated and ran up, up and away. Perhaps, it's time for the 'powers that be' to craft a new experiment in economic stimulation... before the 'law of diminishing returns' catches up with them ...

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
... transition for older advisers. Under the proposal the Australian Securities and Investment Commission (ASIC) would also see its powers to regulate reduced, with a greater emphasis on enforcement. "I am very purist about the ASIC role. People who write ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
... industry professionals and regulators, a re-examining of the criteria that determine sophisticated investor status and greater powers for regulators. Dr Rajapakse does warn however, that "a suitable regulatory framework should not be motivated by a need ...

Govt seeks discretion to freeze super guarantee

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... politicians draw on their generous defined benefit pensions. The government has not yet said how it intends to use its new powers, should the legislation pass the Senate. The government has already frozen the superannuation guarantee for two years. A ...