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Showing 331 - 340 of 1868 results for "Authority"

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... account. Silicon Valley's entry into the space has caused some concern for regulators, last year the Financial Conduct Authority (FCA) launched an inquiry into big tech firms like Google, Facebook Amazon and Apple entering financial markets with fears ...

AFCA chief to serve second term

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
David Locke has been reappointed as chief executive and chief ombudsman of the Australian Financial Complaints Authority, as the body marks $1 billion in compensation delivered to consumers since its inception. Locke will serve a second five-year term ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... services laws in Australia, including access to external dispute resolution through the Australian Financial Complaints Authority. Our targeted review of these matters is ongoing, including focus on the extent of consumer harms," he said. Binance continues ...

Linchpin, Endeavour directors found guilty

JAMIE WILLIAMSON  |  TUESDAY, 4 APR 2023
... that would be expected of individuals in their position by reasonable persons with knowledge of the duties, powers and authority of officers of responsible entities of a registered managed investment schemes." Neilsen, Raftery and Williams did not contest ...

Government targets ASX dominance

ANDREW MCKEAN  |  FRIDAY, 24 MAR 2023
... promoting competition in the clearing and settlement services market. Under the proposed legislation, ASIC will have the authority to create regulations to encourage competition while prioritising the safety and effectiveness of emerging competitors. ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... strengthen consumer protections. "Right now, there are around 2000 cases on hold with the Australian Financial Complaints Authority (AFCA), awaiting passage of the CSLR. In another 30 cases, compensation has been awarded, but can't be paid until the ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... Australian corporate trustee. MSC Trustees is the first trustee firm to be appointed as trustee under new general note authority granted by ASIC under section 283AC(1)(f) of the Corporations Act. MSC group managing director Matthew Fletcher said: "This ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... said. The discussions were initiated jointly by the Swiss federal government, the Swiss Financial Market Supervisory Authority (FINMA) and SNB to ensure stability for Credit Suisse customers and the wider financial centre. "The Credit Suisse Group is ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... March 17, all financial advice providers (FAPs) must hold or operate under a full licence from the Financial Markets Authority to be able to service retail clients. Kiwi advisers previously operated under three categories: Registered Financial Adviser ...

Link Group agrees to sell BCM arm

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
... Holdings (LCFH). The transaction is expected to complete in the second half of the year, subject to the Financial Conduct Authority, the Central Bank of Ireland, and the Dutch Authority for the Financial Markets approval. Link Group said its liquidity ...