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Showing 21 - 30 of 129 results for "Greg Medcraf"

Senate to investigate white-collar crime

LAURA MILLAN  |  THURSDAY, 26 NOV 2015
The Senate will start an inquiry into penalties for white-collar crime, following calls from regulators and Financial System Inquiry chair David Murray to strengthen the system. The Senate voted yesterday in favour of a Greens motion to establish the ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
Financial compensation for corporate whistleblowers is back on the agenda after the Senate Economics Committee grilled representatives from the Australian Securities and Investments Commission (ASIC). At the latest Senate Economics Committee hearing ...

ASIC sets up special robo-advice taskforce

LAURA MILLAN  |  FRIDAY, 6 NOV 2015
The Australian Securities and Investments Commission (ASIC) has set up an internal robo-advice taskforce that will monitor developments in digital advice. The taskforce will focus on studying how robo-advice providers comply with the best interests ...

ASIC revenue and investigations decrease in 2015

ALEX BURKE  |  MONDAY, 2 NOV 2015
ASIC reduced its total operating expenses by 10% to $312 million in 2014-15. According to the regulator's annual report, this is due to a proportional decrease in government revenue as well as "a general reduction in staff and supplier expenditure." ...

CFAs told ASIC is for the consumer

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said the regulator has a significant number of individual surveillances underway at the big four banks, Macquarie and AMP. Speaking at the Chartered Financial Analyst (CFA) ...

ASIC would "rarely" ban products

ALEX BURKE  |  MONDAY, 7 SEP 2015
ASIC would only ban products in "extreme circumstances" if its regulatory powers were expanded as per Financial System Inquiry recommendations, ASIC chair Greg Medcraft said. Speaking at the Banking and Financial Services Law Association conference ...

Medcraft defends ASIC record

ALEX BURKE  |  FRIDAY, 14 AUG 2015
ASIC chair Greg Medcraft said the regulator is "effective and efficient within the resources we have" in a speech to the Parliamentary Joint Committee on Corporations and Financial Services. He welcomed the Government's upcoming capability review, saying ...

ASIC to foster fintech growth

DARREN SNYDER  |  FRIDAY, 31 JUL 2015
The Australian Securities and Investments Commission (ASIC) has established a Digital Finance Advisory Committee (DFAC) that will meet for the first time next month and advise the regulator on engagement with fintech businesses. DFAC forms one part ...

Medcraft sticks up for asset managers

MARK SMITH  |  TUESDAY, 23 JUN 2015
Imposing new banking regulations on asset managers would be like "creating a square peg for a round hole," according to ASIC and International Oraganization of Securities Commissions (IOSCO) chair Greg Medcraft. Speaking in his capacity as the head ...

ASIC looking to introduce civil laws to punish corporates

DARREN SNYDER  |  WEDNESDAY, 3 JUN 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has told a Senate Estimates hearing that the big six banks and regional counterparts have no excuse for poor corporate culture. During today's hearing Medcraft said ASIC ...