ASIC

Editorial

Mike Taylor writes that ASIC is right to pursue managers with just as much vigour as it pursues financial planners when things go wrong. ...

Financial planning

CommFP can still improve, says ASIC

ASIC tells a Senate Committee that while Commonwealth Financial Planning has lived up to its enforceable undertaking requirements, further work is required on its breach ...

Financial planning

Synchron grows planning numbers despite grandfathering

Synchron has actioned growing its planner numbers on the basis of ASIC’s no-action approach to grandfathering....

Financial planning

Mortgage broker gets lifetime ban downgraded

A NSW mortgage broker who was permanently banned from the industry has had his sentence downgraded to three years after an appeal....

Editorial

Why alternative investments could be a hot ticket option in 2014

Retail advisers have traditionally shied away from alternative investments, but an upswing in the market could see them become a hot ticket option in 2014, particularly f...

Financial planning

Planners exampled in ASIC user-pays model

Financial planning firms and dealer groups would be levied by ASIC according to the number of authorised and employee representatives they have on their books....

Financial planning

Liquidator misconduct falls as ASIC looks wider

Reports of misconduct among registered liquidators fell in 2013 despite ASIC casting a wider net in its reviews of the sector....

Financial planning

ASIC presents enforcement wishlist to FSI

ASIC has outlined four key areas for regulatory improvement - including for a national exam, a wider register and greater banning powers....

Financial planning

Limited resources is reason for not acting on lenders of last resort: ASIC

ASIC claims it is constrained by limited resources and a priority to protect consumer investors after claims it has overlooked the actions of commercial lenders...

Policy & Regulation

Did ASIC lack intelligence and skills?

The Senate Committee reviewing ASIC’s performance is likely to make recommendations based on how past failures were owed to a lack of intelligence and necessary skills....

Financial planning

Regulators echo calls for central clearing

Australia’s financial regulators have joined forces to back central clearing on dealer-traded derivatives....

Funds management

ASIC seeks penalties against Mariner directors

ASIC begins legal proceedings over failed takeover bid...

Financial planning

Lessons to be learned from an enforceable undertaking

An enforceable undertaking is one of the major challenges that can confront a financial services business, writes Grant Holley, but it need not be a nightmare and can be ...

Financial planning

The importance of good leadership in a dealer group

No one would deny that the role of a leader in business is critical. It defines a business’ culture, staff retention, customer satisfaction – and in the end its growth an...

Policy & Regulation

Regulator accused of causing confusion

Opposition parliamentarian Ed Husic has claimed ASIC is 'walking both sides of the street’ in taking a facilitative approach to regulating the implementation of the FOFA ...