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Showing 1 - 10 of 45 results for "ASIC chairman Greg Medcraft"

BEAR regime must extend entire industry: Medcraft

JAMIE WILLIAMSON  |  WEDNESDAY, 13 SEP 2017
... executive accountability regime is a step in the right direction - though it may not go far enough, ASIC chairman Greg Medcraft said. Speaking at a Thomson Reuters Newsmaker event in Sydney yesterday, Medcraft said holding individuals within major organisations ...

Advice licensees hit with $1500 levy

EMMA RAPAPORT  |  MONDAY, 17 JUL 2017
... foreign financial market or basic banking products. Commenting on the new cost recovery framework, ASIC chairman Greg Medcraft said: "We are pleased to be able to confirm the framework to help industry prepare for this new regime and thank industry members ...

AI to influence consumer trust: Medcraft

JAMIE WILLIAMSON  |  THURSDAY, 25 MAY 2017
... creating a greater trust deficit in the financial services industry. That was the warning delivered by ASIC chairman Greg Medcraft in his address to the Stockbrokers and Financial Advisers Association conference in Sydney this morning. Addressing delegates ...

Advisers to be judged by peers

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2017
... the power to issue infringement notices and refusal or cancellation of an AFSL or credit licence. ASIC chairman Greg Medcraft said the aim of the panel is to enhance the impact of ASIC's administrative decisions. "The significance of being judged by ...

ASIC collaborates with Kenya on innovation

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2016
... is interested in sharing best practices in regards to dealing with regulatory issues in the space. ASIC chairman Greg Medcraft said the regulator is excited to be working more closely with CMA. "It operates in a jurisdiction that has seen significant ...

Drop in regulator staff numbers under coalition

MARK SMITH  |  MONDAY, 2 MAY 2016
... also highlighted how the Coalition government has cut the financial regulator's funding even though ASIC chairman Greg Medcraft has specifically called for additional resources and the Murray report recommended greater powers. "When the corporate regulators ...

ASIC grilled on whistleblower compensation

LAURA MILLAN  |  MONDAY, 9 NOV 2015
... disgraceful. I have seen the effects on a couple of whistleblowers I have dealt with. What needs to be done?" ASIC chairman Greg Medcraft responded: "I do not think the US approach of paying bounties is the right way to go," but added that "whistleblowers ...

ASIC sets up special robo-advice taskforce

LAURA MILLAN  |  FRIDAY, 6 NOV 2015
... arrangements for robo-advice operators. "ASIC is very supportive of the automated provision of advice," ASIC chairman Greg Medcraft said at a FINSIA event in Sydney. The regulator sees potential in robo-advice because it offers a "convenient, low-cost ...

ASIC to foster fintech growth

DARREN SNYDER  |  FRIDAY, 31 JUL 2015
... consumers can have trust and confidence in the Australian markets. Speaking at the Boao Forum for Asia, ASIC chairman Greg Medcraft said businesses often have innovative models that may not fit neatly within existing regulatory frameworks or policy. ...

ASIC penalties 'like being hit with a lettuce leaf': Murray

LAURA MILLAN  |  WEDNESDAY, 25 MAR 2015
... chair David Murray said. Speaking at a panel session at the ASIC summit, only two seats away from ASIC chairman Greg Medcraft, Murray said: "The penalty regime in ASIC is like being hit with a lettuce leaf, it's just not strong enough." He hinted that ...
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