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Search ResultsShowing 1 - 10 of 26 results for "Sean Hughes"
ASIC extends olive branch to inside traders
KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
... identify and take enforcement action against complex markets and financial services contraventions," ASIC commissioner Sean Hughes said. The immunity will be only granted to the first person who satisfies the immunity criteria and reports the misconduct ...
CBA guilty of deceptive conduct
ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... million and that CBA's conduct in relation to this resulted from inadequate systems and processes. ASIC commissioner Sean Hughes said: "Financial services institutions need to have appropriate systems, governance and controls in place to ensure they ...
ASIC to take targeted approach with PIP
ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
ASIC commissioner Sean Hughes said the government's Product Intervention Powers (PIP) will allow the regulator to take a targeted, calibrated and less prescriptive approach to regulation. Speaking at the Australian Finance Industry Association Risk ...
SMSF fraudster sentenced
ELIZABETH MCARTHUR  |  FRIDAY, 27 NOV 2020
... fraud to take action against dishonest conduct especially where savings for retirement are at risk," ASIC commissioner Sean Hughes said. Gore also faces three charges of acting in the management of three corporations (MOGS, Sleipner and Arion) while ...
DDO top of ASIC's agenda
ELIZA BAVIN  |  TUESDAY, 27 OCT 2020
... ASIC said it is top of the priority list for 2021. Speaking to the annual Credit Law Conference, ASIC commissioner Sean Hughes said DDO reforms remain a top priority for the regulator. "The design and distribution obligations, which now commence on October ...
ASIC chair steps aside pending pay review
JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... commissioners are also well paid, with Catherine Armour taking home the most of the cohort at $610,216 for the year. Sean Hughes was the second-best-paid commissioner at $604,106, followed by John Price at $582,3094 and Danielle Press with $575,724. ...
Consultation on mortgage broker best interests duty opens
ALLY SELBY  |  THURSDAY, 20 FEB 2020
... interests when assisting a client to apply for a product when they have recommended another product. ASIC commissioner Sean Hughes said the consultation will provide more clarity to mortgage brokers. "The obligations properly align the interests of mortgage ...
ASIC bans direct life cold calling
HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
... to stop practices that lead to poor consumer outcomes and destroy trust in the financial system," ASIC commissioner Sean Hughes said. "This action draws a clear line in the sand. From January firms will no longer be able to call consumers out of the ...
TPD riddled with issues: ASIC
ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... insurers lacked clear key claims data to help them effectively manage the risk of consumer harm. ASIC Commissioner Sean Hughes said the regulator found it alarmingly that three TPD claims a day are assessed under the restrictive 'activities of daily ...
Former NAB adviser sentenced
HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... clients and withdrew their funds from those accounts, impersonating his clients in the process. ASIC commissioner Sean Hughes said Eung's actions amounted to a breach of client trust for his own advantage. "Mr Eung was trusted by his clients to manage ...
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