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Search ResultsShowing 1 - 10 of 50 results for "Cathie Armour"
Responsible entity fined $2m
ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... down his judgment that the circumstances involved catastrophic losses sustained by investors. ASIC commissioner Cathie Armour said: "The Federal Court outcome sends an important deterrent message to other responsible entities, as well as to those entrusted ...
ASIC's Chester spills Crennan truth
ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... minister and say that in order to gain greater confidence that appropriate action was taken." ASIC commissioner Cathie Armour said the regulator accepts the failings while Peterson went on to say ASIC's leadership structure is a "total mess". However ...
ASIC to curb huge CFD losses
KARREN VERGARA  |  FRIDAY, 23 OCT 2020
... price, the buyer makes a profit. If the trade price decreases, the seller then makes the profit. ASIC commissioner Cathie Armour said the leverage ratio limits aim to decrease the size and speed of retail clients' losses by reducing CFD exposure ...
Societe Generale fined over client breaches
ANNABELLE DICKSON  |  WEDNESDAY, 21 OCT 2020
... received was held in segregated client money trust accounts. This breach cost the company $25,000. ASIC commissioner Cathie Armour said protecting client funds is critical to investor confidence and market integrity. "The law is very clear about the ...
Transition away from LIBOR continues
ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... orderly transition of billions of dollars' worth of financial contracts in the derivatives market," ASIC commissioner Cathie Armour said. "Industry wide adoption will significantly reduce the risks of contractual disputes, litigation and frustration ...
RBA, ASIC provide CHESS guidance
ALLY SELBY  |  FRIDAY, 2 OCT 2020
... resilient, reliable and scalable to meet existing and future needs of the market and participants," ASIC commissioner Cathie Armour said. ASIC and the RBA, as well as the broader Council of Financial Regulators and the ACCC, were closely supervising ...
ASIC, IOSCO report on debt capital raisings
ALLY SELBY  |  THURSDAY, 24 SEP 2020
... managing conflicts of interest and insuring information provided to investors is not misleading. ASIC commissioner Cathie Armour recommended that "all licensees should review ASIC's findings and consider whether their controls for the allocation process ...
ASIC relaxes IPO red tape
ANNABELLE DICKSON  |  THURSDAY, 27 AUG 2020
... arrangements requested by public companies and pre-prospectus communications to stakeholders. ASIC commissioner Cathie Armour said: "Given the significant costs involved in undertaking an IPO, our new legislative relief will help reduce the regulatory ...
Pershing convicted for client breaches
ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... understand that the legislative requirements are important and must be adhered to," she said. ASIC Commissioner Cathie Armour welcomed the decision and said the outcome demonstrates how serious client money breaches are. "Client money obligations protect ...
AMP Life, AMP Capital fined
ELIZABETH MCARTHUR  |  TUESDAY, 17 MAR 2020
... entities to ensure compliance with their reporting and monitoring obligations under the ASIC Rules," ASIC commissioner Cathie Armour said. Compliance with the infringement notices is not an admission of guilt or liability, ASIC said. On the same day ...
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