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ASIC REGULATIONS
Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandalsAustralia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australi...- Australia imposes record $211 million fine on collapsed broker Union Standard, representativesAustralia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker ...
- Australia regulator calls for urgent cybersecurity action to counter MythosAustralia's corporate regulator warns financial firms about new cyber threats from advanced AI systems. These powerful AI models can find s...
- ASX outage deepens investors' doubts over tech overhaulASX’s latest system outage halted market disclosures and deepened concerns over its ageing technology and governance. Investors doubt its a...
- Australia's ANZ to pay $160 million over bond deal, customer violationsAustralia and New Zealand Banking Group will pay a hefty fine. The penalty is for misconduct including charging deceased customers. The ban...
- Big relief for thousands of Australians hit by excess bank charges: $60 million refund to be released as ASIC cracks the whipThe Australian Securities and Investments Commission is acting against banks. This is regarding unfair charges. Thousands of customers face...
- First Guardian Master Fund collapses, over 6000 Australians face superannuation lossMore than 6,000 Australians risk losing $590 million in superannuation savings following the collapse of the First Guardian Master Fund. AS...
- Australia orders $5.1 million fine on Kraken crypto exchange operatorThe Australian Securities and Investments Commission (ASIC) said that Bit Trade, which operates the Kraken exchange in Australia, failed to...
- Top sportswear Companies' growth run slows after Covid highsDemand for sportswear has slowed down for leading brands like Puma, Adidas, Nike, Skechers, and Asics after a sharp rise post Covid-19. Sal...
- Aussie regulator wins case against Kraken crypto exchange operator on distribution flawsIn September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that ...
- Australian regulator sues crypto exchange for design, distribution failuresThe design and distribution obligations (DDO) require firms to design financial products that meet the needs of consumers and distribute th...
- Regulator cancels license of FTX's Australian businessBahamas-headquartered FTX, once a star of the crypto industry with a $32 billion valuation in January 2023, filed for U.S. bankruptcy prote...
- Australia cancels Binance's financial services licence amid probeThe Australian Securities and Investment Commission (ASIC) has been conducting a "targeted review" of Binance, first confirmed in February,...
- Australian watchdog sues Facebook-owner Meta over scam advertisementsThe lawsuit filed in the Federal Court also alleges Facebook "aided and abetted or was knowingly concerned in false or misleading conduct a...
- Australian regulator says crypto investors 'on their own' for now"At present many crypto-assets are probably not 'financial products' .... for the most part, for now at least, investors are on their own,"...
- Australian regulator seeks feedback on managing 'risky' crypto assetsThe move comes as governments and regulators worldwide try to regulate the digital assets industry in the wake of rising investor affinity ...
- Apple, Google drop trading apps after Australian interventionAn Australia-based spokeswoman for Apple pointed to its recently updated developer guidelines, which explicitly prohibit all new apps that ...
- Competition Commission clears IBM-Globalfoundries dealGiving its clearance, the regulator said the combination is not likely to have an appreciable adverse effect on competition in India.
- Australian regulator unfreezes funds to relieve hard-upAustralia's Treasurer Wayne Swan Saturday welcomed a move by the country's financial regulator to unfreeze investment funds in cases of fin...
- Citigroup accused of insider tradingThis case could influence how investment banks around the world deal in shares.
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