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Showing 41 - 50 of 629 results for %22UK Financial Services Authority%22

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
ASIC has cancelled the Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023, provides victims of financial misconduct access to redress and compensation. ...

Former Capstone adviser in EU with ASIC

JAMIE WILLIAMSON  |  THURSDAY, 22 JUN 2023
... Adviser Register shows he has now ceased, with the terms of the undertaking being that he cannot carry on a financial services business, provide any financial services, or act in any managerial capacity within a financial service, legal or accounting ...

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
... complaints are deemed to be resolved. Commonwealth Financial Planning (53), Charter Financial Planning (43), Bridges Financial Services (18), Financial Wisdom (16), Securitor Financial Group (15), Interprac Financial Planning (11), also received a high ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
High-profile Australian financial services leaders have been recognised in the King's Birthday honours list, with several receiving an Order of Australia. This year, former Macquarie managing director and Financial Regulator Assessment Authority ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... AFCA Systemic Issues Insights report identified multiple instances of systemic breaches across the Australian financial services landscape, affecting consumers who haven't lodged a formal complaint. In the superannuation sector, one identified issue ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... customers who are owed $253.6 million in compensation.ASIC's corporate insolvency statistics show that 145 financial services and insurance companies went bust in the 2022 financial year. Under capitalisation, poor business management, fraud, trading ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... boasts a rate that's 10 times the US national average, is the latest move in a string of tech giants moving into financial services and taking on traditional banking corporations. In its announcement, Apple said with no fees, no minimum deposits, and ...

AFCA chief to serve second term

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... Locke said he is honoured to have been invited to stay on. "AFCA plays a very important role in Australia's financial services system, and it is a great privilege to lead such an amazing group of people who are passionate about access to justice and ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
ASIC cancelled the financial services licence of Binance following concerns about the cryptocurrency exchange's operations in Australia. Effective April 6, the AFSL of Oztures Trading, which trades as Binance Australia Derivatives, was cancelled. From ...