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Showing 871 - 880 of 6453 results for "Regulatory"

Court rejects Linchpin director appeal

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
The Federal Court rejected former Linchpin Capital director Peter Daly's appeal, which will retain his banning order and force him to pay a fine. Justice Jackman yesterday upheld the judgment delivered in January, which imposed a $150,000 penalty ...

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... Group (EP1) is moving to delist from the ASX, claiming the company is materially undervalued thanks to the barrage of regulatory proceedings and class action litigation it faced in recent years. These issues have sustained a negative impact on the share ...

ASX hunts new chief risk officer

MATTHEW WAI  |  TUESDAY, 24 SEP 2024
... especially instrumental in ensuring the ASX's operational resilience through the pandemic. He also spearheaded major regulatory response programs. "I am grateful for the contribution Hamish has made and I am pleased he will continue to support ASX until ...

APRA calls out high-cost super platforms

ELIZA BAVIN  |  TUESDAY, 24 SEP 2024
... robust product governance in place to ensure they meet their product design and distribution obligations under ASIC Regulatory Guide 274. This includes determining an appropriate target market and ensuring the distribution of the product is directed ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... has led to the "appearance of compliance", where frameworks and policies exist but it's mere lip service and not true regulatory compliance in practice, he said. Kaizen Recruitment director of legal, risk, and compliance Amanda Chisholm fears this may ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... between 2% and 3%," HIA chief economist Tim Reardon said. In its submission to the Senate inquiry into the financial regulatory framework and home ownership, HIA identified that a decade of additional costs has restricted competition among banks and ...

ASIC updates and reissues RG 121

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... obligations of AFS licensees, legislation administered by ASIC, other applicable rules and legislation, and ASIC's regulatory documents to reflect the current legal and regulatory framework.

Macquarie cops US$80m from SEC

KARREN VERGARA  |  FRIDAY, 20 SEP 2024
The US securities watchdog fined Macquarie Asset Management (MAM) US$80 million after a subsidiary fudged the valuations of collateralised mortgage obligations (CMOs) within a fixed income strategy. Macquarie Investment Management Business Trust (MIMBT) ...

ASIC, RBA handed new financial market infrastructure powers

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
... Infrastructure and Other Measures) Bill 2024, which received Royal Assent earlier this week, aims to strengthen the existing regulatory regime, giving the regulators the authority to monitor, manage, and respond to risks related to financial market infrastructures ...

Court freezes assets of company director

ANDREW MCKEAN  |  FRIDAY, 20 SEP 2024
The Federal Court has made orders to freeze the assets of company director David McWilliams and numerous companies associated with him that offered investment opportunities in purpose-built, NDIS-compatible property development schemes. McWilliams and ...