karen chester

Policy & Regulation

ASIC treating Parliamentary question as 'hypothetical'

The Australian Securities and Investments Commission has effectively encouraged parliamentarians to cite any specific instances of the regulator’s personnel briefing the ...

Policy & Regulation

Keeping it verbal: Why a behavioural report on ASIC management is not available

The Australian Securities and Investments Commission retained the services of a special behavioural analysis firm to observe meetings of its leadership team but is claimi...

Policy & Regulation

Troubled ASIC faces imposition of external board

The Australian Securities and Investments Commission faces being oversighted by an external board as the Government considers ways of avoiding further controversies such ...

Editorial

ASIC needs to be a regulator, not a revenue centre

The standing aside of Australian Securities and Investments Commission chair, James Shipton, points to fundamental issues with respect to the regulator....

Outsider

Bountiful experiences as first mate takes the helm

At the time of writing, Australian Securities and Investments Commission chair, James Shipton remains stood aside awaiting a Treasury-instigated independent review of the...

Policy & Regulation

Hume and remaining ASIC commissioners were in the dark on Shipton

The four Australian Securities and Investments Commission commissioners were left in the dark on the expenses issues surrounding the regulator’s chairman, James Shipton, ...

Features

Ironing out the wrinkles in the Budget’s new super approach

Mike Taylor writes that the Government’s Your Future, Your Super Budget announcement might look good at first blush but contains a number of wrinkles which need to be iro...

Funds management

ASIC finds fund managers falling short on accurate labelling

Thirteen responsible entities have moved to change or adjust the labelling of their funds following a review by the Australian Securities and Investments Commission....

Financial planning

ASIC updates complaints guidance

The Australian Securities and Investments Commission has released final updated guidance on how financial firms should deal with consumer and small business complaints. ...

Policy & Regulation

Companies can expect to be named by ASIC on product intervention

Informing consumers will sit at the heart of the Australian Securities and Investments Commission’s use of its new product intervention powers....

Policy & Regulation

Before COVID-19 ASIC was investigating mostly retail funds

The Australian Securities and Investments Commission was only conducting five investigations relating to industry funds compared to 16 relating to retail funds. ...

Policy & Regulation

ASIC reinforces how far EUs are out of favour

Enforceable undertakings too often entail zero penalties and the Australian Securities and Investments Commission would prefer to litigate....

Policy & Regulation

ASIC: Disclosure no longer the ‘silver bullet’

Disclosure is no longer the ‘silver bullet’ it once was, according to a report by the Australian Securities and Investments Commission, which examined the effectiveness o...

Financial planning

Grandfathering – ASIC relied on sample-based data

The Australian Securities and Investments Commission has admitted that its earlier pronouncements on ending grandfathered commissions was based on sample-sized data....

Policy & Regulation

Remediation provisioning reaches $9 billion says ASIC

The Australian Securities and Investments Commission has estimated that remediation provisioning by Australia’s major financial institutions has so far reached $9 billion...