Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 66 results for "Cathie Armour"

Societe Generale fined over client breaches

ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... 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 about the ...

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... 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 frustration ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... 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 ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... managing conflicts of interest and insuring information provided to investors is not misleading. ASIC commissioner Cathie Armour recommended that "all licensees should review ASIC's findings and consider whether their controls for the allocation process ...

ASIC relaxes IPO red tape

ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... arrangements requested by public companies and pre-prospectus communications to stakeholders. ASIC commissioner Cathie Armour said: "Given the significant costs involved in undertaking an IPO, our new legislative relief will help reduce the regulatory ...

Pershing convicted for client breaches

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... understand that the legislative requirements are important and must be adhered to," she said. ASIC Commissioner Cathie Armour welcomed the decision and said the outcome demonstrates how serious client money breaches are. "Client money obligations protect ...

AMP Life, AMP Capital fined

ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... entities to ensure compliance with their reporting and monitoring obligations under the ASIC Rules," ASIC commissioner Cathie Armour said. Compliance with the infringement notices is not an admission of guilt or liability, ASIC said. On the same day ...

Foreign fund managers granted licensing relief

HARRISON WORLEY  |  WEDNESDAY, 11 MAR 2020
... similar regulatory supervision and outcomes will be achieved by equivalent overseas requirements. ASIC commissioner Cathie Armour said the regulator's new framework was designed to ensure wholesale investors could continue to access the opportunities ...

Former financial adviser charged

HARRISON WORLEY  |  TUESDAY, 13 AUG 2019
... corporate regulator banned Kawecki from providing financial services for seven years in 2018, and ASIC commissioner Cathie Armour noted Kawecki's attempts to maneuver around the ASX's minimum spread requirements impacted market integrity. "ASIC considers ...

Australian equity markets remain clean: ASIC

KRISTI CHENG  |  THURSDAY, 1 AUG 2019
... suspicious trading accounts remained stable, the volume traded by the same accounts increased. ASIC commissioner Cathie Armour said: "Markets cannot operate with a high degree of integrity if people trade with inside information." "We expect all parties ...