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Search ResultsShowing 1 - 10 of 28 results for "Karen Chester"
Design, distribution obligations guide released
KARREN VERGARA  |  FRIDAY, 11 DEC 2020
... conditions, and information related to review and monitoring. Following an extensive engagement, ASIC acting chair Karen Chester said the obligations require firms to set their own boundaries to suit their business, products and customers. "If they stay ...
ASIC consults on consumer remediation
ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... remediation schemes. "Putting money back in Australian consumers' hands has never been more important," ASIC acting chair Karen Chester said. "Ensuring that the processes for returning this money are efficient and fair is central to consumer confidence ...
Why has ASIC still not got a chief executive?
KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... senior staff including James Shipton resisted moving to a stronger internal governance structure, its acting chair Karen Chester has told the ASIC expenses enquiry. Liberal senator James Patterson, who is chairing the enquiry into ASIC expenses, asked ...
Funds management in ASIC spotlight
ELIZA BAVIN  |  THURSDAY, 19 NOV 2020
... industry is officially underway between the corporate regulator and Deloitte Access Economics. ASIC acting chair Karen Chester said the review seeks to identify where "competition is effective, where it is not, and if not, why not". "There is over a ...
ASIC's Chester spills Crennan truth
ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation . Former deputy chair Crennan ...
ASIC chair steps aside pending pay review
JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... $70,000 in housing expenses, would have tallied a total remuneration of $681,549 for the year. Fellow deputy chair Karen Chester, who is not involved in the matter, was paid $51,000 less than Crennan. Remuneration for the ASIC deputy chair is capped ...
ASIC cleans up 'cash plus' funds
KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
... meeting their legal obligations to their investors, especially in times of market volatility," ASIC deputy chair Karen Chester said. "Inappropriate labelling of a fund can mislead investors into believing that the fund is much safer or more liquid than ...
ASIC grants frozen fund relief
JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... this can be especially problematic for some individual members experiencing financial hardship," ASIC deputy chair Karen Chester said. "The hardship relief will make it easier for responsible entities of frozen funds to enable withdrawals by investors ...
ASIC lays out product intervention plans
HARRISON WORLEY  |  THURSDAY, 18 JUN 2020
... consultation before going on to make an entirely different order based on the consultation process. ASIC deputy chair Karen Chester said the power is an "incredibly important" addition to the regulator's toolbox. "It allows us to intervene where we are ...
ASIC secures $160m in remediation over junk credit insurance
ALLY SELBY  |  THURSDAY, 14 MAY 2020
... Commonwealth Bank, Credit Union Australia, Latitude Finance Australia, NAB, Suncorp-Metway and Westpac. ASIC deputy chair Karen Chester said the investigation of major banks and lenders uncovered the design and sale of consumer credit insurance consistently ...
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