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| | | Link Group flagged it is in "advanced confidential discussions" with the UK's financial markets regulator to settle its investigation against the failed Woodford Equity Income Fund. The case has dragged on since 2019, when fundie Mark Woodford went ... |
| | | | ... safely." Illustrating the harm faced by consumers, the consultation paper cited research by the UK Financial Conduct Authority (FCA) which found that the most common reason for buying crypto assets was as a gamble. However, it also highlighted that an ... |
| | | | A court ruling has reaffirmed that financial institutions must cooperate with the Australian Financial Complaints Authority (AFCA) or face penalties. The ruling came in a case ASIC brought against home finance companies, General Commercial and Eden ... |
| | | | ... Australia, and of its Future2 Foundation, and was appointed a director of the Financial Adviser Standards and Ethics Authority. He has also sat on the Financial Planning Standards Board for four years. He also has close to two decades' experience as ... |
| | | | ... He was appointed commissioner in November 2018. He is a former chief executive of New Zealand's Financial Markets Authority. Outside of the regulatory sphere, Hughes has held roles including chief risk and legal officer at UniSuper, head of legal ... |
| | | | ... committees overseeing financial services, leading to regulatory and legislative arbitrage. Contrastingly, APRA has the authority to supervise institutions across banking, insurance and super. Unlike the US, fiduciary duty is also regulated at the provider ... |
| | | | ... maximum timeframe, putting at risk the complainant's ability to complain to the Australian Financial Complaints Authority (AFCA). They're also often failing to explain why there's been a delay, ASIC said. It found 48% of the total complaints ... |
| | | | ... the decision through OnePath Life's internal dispute resolution process or through the Australian Financial Complaints Authority. "If an insurer is concerned a customer has engaged in fraudulent non-disclosure, they must make their concerns explicit ... |
| | | | ... Billiton Limited and Aquarius Platinum Limited to himself and an associate. The transfers occurred without the knowledge or authority of the 14 owners of the shares. He was sentenced to a 12-month community corrections order. Magistrate Covington remarked ... |
| | | | ... follows the ban of its managing director Peter Gribble for failing to pay $2.5 million in Australian Financial Complaints Authority (AFCA) determinations. According to ASIC, QFML also didn't have the required professional indemnity insurance coverage. ... |
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