ASIC reports on cyber resilience assessments of financial markets firms LeapRate

New BIS report cites “internalization” by large banks for 7% volume drop

November 30, 2017 BY Valentina Kirilova

ASIC reports on cyber resilience assessments of financial markets firms

An ASIC report on the cyber resilience of over 100 firms operating across Australia's financial markets has shown a growing understanding of cyber risks, but there is still some progress to be made. Report 555 Cyber resilience of firms in Australia’s financial markets collates and analyses the results of self-assessments from over 100 stockbrokers, investment…

April 20, 2017 BY Valentina Kirilova

ASIC Australia market integrity report for 2H-2016 highlights Spot FX actions

ASIC has today released its latest report on market integrity for the period 1 July 2016 to 31 December 2016. The report covers ASIC's work helping to ensure Australia’s financial markets operate fairly and efficiently. Key outcomes during the six-month period include: 2 criminal actions 6 civil outcomes/ 2 enforceable undertakings bannings, disqualifications and licence…

March 17, 2017 BY Valentina Kirilova

ASIC reports on how large financial advice firms have dealt with poor advisers

ASIC has today released the findings of its review of how Australia's largest financial advice firms have dealt with past poor advice and non-compliant advisers, including how these firms have dealt with affected customers. The review—which forms part of ASIC’s broader Wealth Management Project—was focussed on the conduct of the financial advice arms of AMP,…

December 21, 2016 BY Valentina Kirilova

ASIC reports on ASX equity market outage in September 2016

ASIC has released a report on the findings of its review of the ASX outage that affected the operation of the Australian equity market on 19 September 2016. It provides a whole-of-market perspective, with observations on how ASX and other important stakeholders responded on the day. A general lack of confidence on the day resulted…

December 14, 2016 BY Valentina Kirilova

ASIC reports on corporate insolvencies

ASIC today published its annual overview of corporate insolvencies based on statutory reports lodged by external administrators for the 2015–16 financial year. Report 507 Insolvency statistics: External administrators’ reports (July 2015 to June 2016) is ASIC's eighth report and provides information on the nature of corporate insolvencies, supplementing the monthly statistics that ASIC publishes on…

December 12, 2016 BY Valentina Kirilova

ASIC reports on decisions to cut red tape

ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility. The granting of relief which has a net regulatory benefit, or which facilitates business or cuts red tape without harming stakeholders, is an important part of…

December 07, 2016 BY Valentina Kirilova

ASIC releases its fourth licensing activity report

ASIC today published its fourth report on its approach to and assessment of licence applications. Report 503 Overview of licensing and professional registration applications: Jan to Jun 2016 (REP 503) sets out recent regulatory outcomes achieved by ASIC in relation to Australian financial services (AFS) applications, Australian credit licence applications, liquidator registration applications, company auditor…

October 27, 2016 BY Valentina Kirilova

ASIC releases report on the charging of advice fees without providing advice by major financial institutions

The Australian Securities and Investments Commission (ASIC) has released Report 499 Financial advice: Fees for no service. The report provides an update on ASIC's work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services. The report summarises ASIC's…

August 26, 2016 BY Valentina Kirilova

ASIC publishes fifth report on corporate finance regulation

ASIC has published its fifth report on the regulation of corporate finance issues in Australia. The report, which covers the period January to June 2016, provides companies and their advisers with insights into ASIC's regulatory approach in the corporate finance sector and aims to assist them with their associated legal and compliance obligations. It also…

Tag: ASIC report