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Showing 1 - 10 of 64 results for "Joe Longo"

ASIC sues NAB for failing customers

ELIZA BAVIN  |  MONDAY, 18 NOV 2024
... allege NAB unlawfully failed to respond to their customers' appeal for help when they needed them most," ASIC chair Joe Longo said. "These customers included people who were domestic violence victims, battling serious medical conditions, dealing with ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... whether they believe it's appropriate to maintain them. Appearing before the Economics Legislation Committee today, chair Joe Longo - who appeared alongside deputy chair Sarah Court, commissioners Alan Kirkland and Simone Constant and others - was asked ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... commenced April last year, is currently ongoing. Appearing before the Parliamentary Joint Committee last Friday, ASIC chair Joe Longo said: "Our investigation concerns suspected market manipulation and contraventions of a number of provisions of the ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... relying on existing policies, ASIC said it was not clear whether this was the result of a deliberate decision. ASIC chair Joe Longo believes the adoption will ultimately influence how AI impacts consumers. While the technology can provide opportunities ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... (ASIC) has made two appointments to its senior executive leadership team. Following an international search, ASIC chair Joe Longo announced the appointment of Peter Soros as executive director regulation and supervision, and Chris Savundra to the role ...

Federal Court quashes ANZ appeal

KARREN VERGARA  |  THURSDAY, 3 OCT 2024
... appealed to the Federal Court's ruling two months later. Commenting on ANZ's appeal being quashed on October 2, ASIC chair Joe Longo said: "ASIC will always defend the integrity of Australia's markets. This is an important case that confirms how critical ...

ASIC slaps Macquarie with record $5m fine

KARREN VERGARA  |  WEDNESDAY, 25 SEP 2024
... accountability for its conduct. Macquarie's inertia was a large factor in ASIC determining the size of the penalty. ASIC chair Joe Longo said: "The record penalty imposed by the MDP reflects the serious, prolonged, and potential systemic failures by ...

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... continues to be suitable for them, whether they continue to fall within the target market. More recently, ASIC chair Joe Longo, while on stage at the Australian Compliance Institute Annual Conference, conceded that the workload for compliance teams has ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... private markets and emerging financial products will form a new pillar of ASIC's expanded strategic priorities. ASIC chair Joe Longo said the agency's corporate plan included a new pillar in its strategic priorities that underscored a commitment to strengthening ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... our markets. We believe this was a collective failure by the ASX board and senior executives at the time," ASIC chair Joe Longo said. "Companies and market participants rely on what the ASX says about its operations to make their own decisions and investments. ...
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