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Showing 21 - 30 of 38 results for "Simone Constant"

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... escalate a response and the "systemic issues regarding the culture and reporting within Macquarie." ASIC commissioner Simone Constant said: "Our intervention underscores our concern with the recurrent nature of Macquarie's failures, which were caused ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... fastest trustee resolving 48% of cases within that timeframe, compared to just 8% for the slowest. ASIC commissioner Simone Constant said while some trustees demonstrated good handling practices and were providing helpful services to claimants, "systemic ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant repeating the regulator cannot comment on ongoing investigations and/or proceedings. The exchange ...

ASIC calls out super trustees over 'weak' anti-scam practices

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... strengthen anti-scam practices, or risk exposing their members to harm. The open letter, signed by ASIC commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. ...

ASIC narrows in on private market investments

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2024
ASIC commissioner Simone Constant said the corporate regulator is focused on driving consistency and transparency around super fund investments in the private market. "We have an ongoing dialogue with APRA's work around the valuation of unlisted assets ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... letter read. Appearing at the annual Association of Superannuation Funds of Australia conference, ASIC commissioner Simone Constant said she had chosen to write to trustees now as "this is too important to wait." "From [claimants'] perspective, the clock ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
ASIC commissioner Simone Constant has told the ASIC Annual Forum that the regulator is watching potential risks to financial stability as the superannuation sector grows. Questioned on her thoughts around the recent Reserve Bank of Australia (RBA) report ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... Committee today, chair Joe Longo - who appeared alongside deputy chair Sarah Court, commissioners Alan Kirkland and Simone Constant and others - was asked whether he has ever received flight upgrades from Qantas as a result of being a member of the invite-only ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... infrastructures - the key entities that enable, facilitate, and support trading in capital markets. ASIC commissioner Simone Constant said the new laws create a "fit-for-purpose regulatory regime" for critical financial market infrastructure. "The reforms ...

Super funds fail to meet millennial members' expectations: ASIC roundtable

ANDREW MCKEAN  |  MONDAY, 2 SEP 2024
... deserve," Devine said. The roundtable, which also included financial content creator Queenie Tan and ASIC commissioner Simone Constant, highlighted a "significant transparency gap." Panellists discussed the need to improve access to information and tools ...