Australian Securities & Investments Commission

Type: Organization
Name: Australian Securities & Investments Commission
First reported 25 mins ago - Updated 25 mins ago - 1 reports

Funds told: improve competition, cost

The interim report of David Murray, chair of the Australian Government's financial system review, raised high costs in the superannuation sector as an issue. The second round of submissions by the Australian Prudential Regulation Authority, Reserve Bank ... [Published Individual.com - 25 mins ago]
First reported 13 hours ago - Updated 13 hours ago - 1 reports

Regulators want more competition in super sector to bring down fees

Australia's top financial regulators say there is room for more competition in the $1.85 trillion superannuation sector, but they have failed to back the most radical proposals to bring down fees.The high cost of super is a key focus of financial system ... [Published Brisbane Times - 13 hours ago]
First reported 19 hours ago - Updated 13 hours ago - 1 reports

ASIC backs comparator rules

The Australian Securities and Investments Commission (ASIC) says new rules may be needed for comparison websites, while it also supports making disaster risk data available so consumers better understand the level of insurance they need.“There is merit ... [Published InsuranceNews.com.au - 19 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

HUGH McLERNON (The West Australian)

The Bentham IMF managing director and litigation funding pioneer tells the usual suspects are fighting back.Biggest career break?The successful stock exchange listing of IMF in 2001 was my real career break. We started our ASX-listed life with an idea ... [Published Yahoo! News Australia - 17 hours ago]
First reported 23 hours ago - Updated 21 hours ago - 2 reports

Nexus investors appeal to ASIC

(The Australian Financial Review - ABIX via COMTEX) --Conglomerate Seven Group Holdings will pay $A180m under a deed of company arrangement to acquire Nexus Energy. It was placed into administration after stockholders voted against a previous takeover ... [Published TradingCharts.com - 21 hours ago]
First reported 23 hours ago - Updated 23 hours ago - 1 reports

Banks' general advice should be 'sales': CBA

David Murray, the chairman of the financial system inquiry, suggested that "general advice" by banks should instead be categorised as "sales". The Commonwealth Bank concedes in its submission to the inquiry that switching to the term "sales" would alleviate ... [Published Individual.com - 23 hours ago]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Regulatory question mark hangs over FinTech

Financial technology (FinTech) startups could disrupt the regulatory order, a lawyer warns, with systemic tweaks needed to align regulation with the new, virtual environment.The emergence of ‘robo' advice, peer to peer lending, crowd funding and Bitcoin ... [Published Money Management - Sep 01 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

PERLS of wisdom in record hybrid deal

(The Australian Financial Review - ABIX via COMTEX) --The Commonwealth Bank of Australia (CBA) revealed on 27 August 2014 that its PERLS VII hybrid securities offer would raise $A2.6 billion. The deal is Australia's biggest listed hybrid raising on record. ... [Published TradingCharts.com - Aug 31 2014]
First reported Aug 31 2014 - Updated Aug 31 2014 - 1 reports

It's the news BuzzFeed wants to keep quiet

Internet content provider BuzzFeed has joined social media groups Facebook and Twitter in seeking an exemption from reporting requirements. It has told the Australian Securities & Investments Commission it should be free not to conduct an audit of its ... [Published Individual.com - Aug 31 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 2 reports

Regulation stifling life insurers: TAL

Jim MintoAustralia's underinsurance problem could be allieved by giving life insurers the power to hand out ancillery benefits, like riders, TAL says.In a submission to the Financial System Inquiry, the insurer said regulations around life insurance were ... [Published Super Review - Aug 28 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 2 reports

Australia needs a financial services agency: FSC

John BrogdenThe Financial Services Council (FSC) has called for a new Australian Securities and Investments Commission (ASIC) commissioner to look after international regulatory issues.In its submission to the Financial Services Inquiry (FSI), the FSC ... [Published Super Review - Aug 28 2014]
First reported Aug 26 2014 - Updated Aug 27 2014 - 2 reports

ASIC bid for tougher fines on corporate crime

The Australian Securities & Investments Commission (ASIC) has lodged a submission with the new financial system review conducted by David Murray for the Federal Government. The watchdog argues that harsher penalties should be rolled out for white-collar ... [Published Individual.com - Aug 27 2014]

Quotes

"Superannuation funds have sought to distinguish and compete on product and service propositions rather than directly on fees" ASIC's submission said
Helius Chief Executive Officer, Dr Adrian Bowles, said: "Completion of the first full year of commercial operation by our Rothes plant is an important milestone for the Company. The operational improvements we have introduced during the year have further enhanced the high quality of the project. We are making good progress towards the financing of our Avonmouth project with strong momentum in our discussions with potential equity partners. The interest of an industrial player in taking a stake in the project is encouraging and we are hopeful of reaching financial close in November 2014. Delivering this milestone will provide a sound platform on which to continue to develop and operate our portfolio of projects and a proven and credible suite of counterparties." Alan Lyons, Chief Financial Officer James Black (as Corporate Broker) This Announcement is for information purposes only and does not constitute an offer...
"ASIC's remit should be narrowed by removing our registry responsibilities" the Agency's submission says
"The addition of the high quality Matrix business propels the combined entity to be a significant player in the financial services industry and the only integrated life insurer and wealth manager that is not aligned to a major institution" Swanson said

More Content

All (450) | News (443) | Reports (0) | Blogs (5) | Audio/Video (0) | Fact Sheets (0) | Press Releases (2)
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Funds told: improve competition, cost [Published Individual.com - 25 mins ago]
Payday lender engages in unconscionable conduct... [Published Australian Securities and Investments Commission - 1 hour ago]
Cyber criminals coming our way [Published The Australian - 9 hours ago]
Regulators want more competition in super secto... [Published Brisbane Times - 13 hours ago]
Projects Update and Additional Financing [Published Noodls - 13 hours ago]
ASIC takes stock of its future [Published PSNews - 13 hours ago]
Hermes reveals new corporate identity – Hermes ... [Published Hermes - 14 hours ago]
HUGH McLERNON (The West Australian) [Published Yahoo! News Australia - 17 hours ago]
Hieu Van Le sworn in as 35th Governor of South ... [Published Naracoorte Herald - 18 hours ago]
ASIC backs comparator rules [Published InsuranceNews.com.au - 19 hours ago]
Nexus investors appeal to ASIC [Published TradingCharts.com - 21 hours ago]
Matrix merger to place ClearView among top 10 l... [Published Financial Standard - 21 hours ago]
Nexus investors appeal to ASIC [Published Individual.com - 23 hours ago]
Banks' general advice should be 'sales': CBA [Published Individual.com - 23 hours ago]
Regulatory question mark hangs over FinTech [Published Money Management - Sep 01 2014]
PERLS of wisdom in record hybrid deal [Published TradingCharts.com - Aug 31 2014]
Institutional Liquidity looks ahead with new we... [Published LeapRate - Aug 31 2014]
It's the news BuzzFeed wants to keep quiet [Published Individual.com - Aug 31 2014]
Nexus shareholders vow to fight on [Published WA Today - Aug 31 2014]
Five things you need to know to be financially ... [Published The New Daily - Aug 31 2014]
DPP targets Gay’s millions [Published Tasmania Mercury - Aug 30 2014]
Continental lodges prospectus for A$35.1m right... [Published Canada Standard - Aug 30 2014]
Radical overhaul of family provision law [Published Lexology - Aug 29 2014]
Airlines face $100m card crackdown [Published Brisbane Courier-Mail - Aug 29 2014]
ASIC supports licensing technology vendors serv... [Published Lexology - Aug 29 2014]
Proceeding with the Medibank Private Initial Pu... [Published Noodls - Aug 29 2014]
Half Yearly Report [Published TrustNet - Aug 29 2014]
Continental lodges prospectus for A$35.1m right... [Published Mining Weekly - Aug 29 2014]
General financial advice could undergo a name c... [Published WA Today - Aug 29 2014]
Australia to privatize nation's biggest health ... [Published Global Times - Aug 29 2014]
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Blogs

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TriAusMin Limited Announces Scheme of Arrangeme... [Published Marketwire - Breaking News Releases - Aug 06 2014]
TORONTO, ONTARIO--(Marketwired - Aug. 6, 2014) - TriAusMin Limited (TSX:TOR)(ASX:TRO) (" TriAusMin " or the " Company ") is pleased to announce that, further to its press releases dated 10 March, 6 June, 15 July, 28 July and 4 August 2014, the orders ...
JPMorgan Lied To Fed, Did Not Report Losing Tra... [Published Zero Hedge - May 26 2014]
Long before Virtu was forced to pull its IPO due to the backlash against HFT frontrunners in party due to being stupid enough to post its perfect trading record of 1 trading day loss in 5 years which could only be the result of a grossly rigged market, ...
Reading notes: Submissions to the ACNC Senate I... [Published Core Economics - May 18 2014]
I previously commented  on the batch of submissions (all 16 of them) that were available during the weekend following the May 2, 2014 deadline for submissions. In the following week, 132 submissions were added for a total of 148 (one being a duplicate ...
US News Covers Taib Money-Snatching [Published Sarawak Report - May 12 2014]
Another top international news organisation has endorsed and corroborated the information Sarawak Report has exposed about Taib Mahmud’s extraordinary and illicit wealth. The major news service Bloomberg/Business Week has just brought out an extensive ...
Genworth Announces Filing Of Prospectus For Aus... [Published PR Newswire: Financial Services - Apr 23 2014]
RICHMOND, Va., April 22, 2014 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced that a prospectus has been filed with the Australian Securities and Investments Commission by Genworth Mortgage Insurance Australia Limited ("Genworth Australia"), ...
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Press Releases

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Genworth Announces Number Of Shares To Be Offer... [Published Financial Services - May 13 2014]
Making competition king – the rise of beh... [Published Financial Conduct Authority (FCA) - Mar 25 2014]
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