Inside ASIC

ASIC has today released its enforcement update report for the period 1 July 2018 to 30 December 2018. A copy of the report - outlining key actions taken over the past six months to enforce the law and support our enforcement objectives - can be found here . The report also covers ongoing areas for particular focus, including ASIC Deputy Chair Daniel Crennan QC’s discussion of recent reforms enabli...

ASIC has welcomed the passage of key financial services reforms contained in the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) legislation introducing: a design and distribution obligations regime for financial services firms; and a product intervention power for ASIC The design and distribution obligations will bring accountability for issuers and d...

Mr Nakhl engaged in dishonest conduct and was found guilty in the District Court of New South Wales. The court set Mr Nakhl a non-parole period of 6 years. View the ASIC media release (19-055MR)  for more information Mr Nakhl was convicted on eight charges ( 18-178MR ), brought by ASIC, of engaging in dishonest conduct with investor funds. The conduct affected 12 investors while Mr Nakhl was a rep...

ASIC Commissioner John Price joins the podcast to discuss ASIC’s review of climate risk disclosure by listed companies in Australia. You can read the full transcipt below. TRANSCRIPT HOST: Hello, and welcome to the official podcast of the Australian Securities and Investments Commission. In today's episode, we'll be discussing ASIC’s review of climate risk disclosure by listed companies in Austral...

Nisansala Peries from ASIC’s Insolvency Practitioners team and Michelle Jakubauskas from ASIC’s Behavioural Research and Policy Unit join the podcast to discuss one way registered liquidators can help people who are owed money by a business (creditors) to navigate the complex landscape of an external administration. Download the letter and read more at asic.gov.au .

Michael Saadat, ASIC's Senior Executive Leader - Deposit takers, Credit and Insurance, joins the podcast to discuss ASIC's review into the credit card market in Australia. Read the Report Consultation Paper media release Review into Credit Card lending media release Transcript below: ----more---- Lara Heilbuth: Hello, and welcome to the official podcast of the Australian Securities and Investments...

ASIC Senior Executive Leader Jo Bird joins the podcast to discuss a review of self-managed super funds, and to give some advice to consumers who are thinking of setting up an SMSF. Read the reports of this review Report 575 : SMSFs: Improving the quality of advice and member experiences and Report 576 : Member experiences with self-managed superannuation funds, and find out more about SMSFs on ASI...

ASIC's Indigenous Outreach Officer Nathan Boyle talks with Susan Tilley from Anangu Lands Paper Tracker Radio Program about ASIC's work with indigenous consumers and the recent  outreach trip to the APY Lands  with super funds. Visit the Paper Tracker website to listen to the  full interview . Transcript below: *Opening music* Susan Tilley: Nathan, welcome to the Anangu Lands Paper Tracker radio s...

Van Le, Director of Innovation and Strategy at Xinja, was a guest at ASIC's Annual Forum in March 2018. She made time to join us on our podcast to discuss open banking. You can read the full transcript of the interview below. ----more---- Host: Hello and welcome to the official podcast of the Australian Securities and Investments Commission. With me today to discuss open banking is Van Le, directo...

Scott Farrell, Partner at King & Wood Mallesons, joins ASIC SEL Michael Saadat on the podcast to discuss open banking. Scott headed up the Australian government's review into open banking and was asked to recommend the most appropriate model for open banking in Australia. 

On 17 April 2018, ASIC launched its Stretch Reconciliation Action Plan. On this episode, we're joined by Danille Abbott, Chair of ASIC's RAP Strategic Committee and RAP Working Group and descendant of the Wirlomen Noongar people, to talk about the goals of the stretch RAP and ASIC's commitment to reconciliation.

Ian Yates, Chief Executive of the Council of the Ageing Australia, joins ASIC Deputy Chair Peter Kell on the podcast to discuss preparing financially for retirement. Visit ASIC's MoneySmart website for more information on retirement income planning . 　 Click through for transcript: ----more---- Transcript: Peter: Hello and welcome to the official podcast of the Australian Securities and Investmen...

Social researcher Mark McCrindle joins the podcast to discuss home ownership and the changing Australian dream, which was a topic of discussion at ASIC's 2018 Annual Forum.

On 16 March 2018, ASIC held a Close the Gap event featuring two leading Indigenous entrepreneurs: Liam Ridgeway, co-founder of Ngakkan Nyaagu (NGNY), an Indigenous digital enterprise Jasmin Herro, founder of Outback Global, a leading Indigenous supplier of workwear The Close the Gap campaign aims to create equality in health between Indigenous and non-Indigenous Australians. This campaign also mea...

ASIC Senior Executive Leader Michael Saadat joins the podcast to discuss add-on insurance, and ASIC's work to shine a light on poor practice, remediation outcomes, and efforts to protect consumers in the future. Click through for the transcript: ----more---- Episode 32 transcript: Add-on insurance 16 March 2018 ASIC podcast – Episode 32 transcript Host: Hello and welcome to the official podcast of...

ASIC Senior Executive Leader Jo Bird joins the podcast to talk about the results of Report 562: Financial advice: vertically integrated institutions and conflicts of interest, a new report into conflicts of interest in financial advice at the biggest financial institutions in Australia. Read the Report

ASIC Senior Manager Tim Walker joins the podcast to discuss Regulatory Guide 259 , the importance of well-implemented risk management systems, and ASIC's expectations in this area.  

ASIC Chairman Greg Medcraft joins the podcast to discuss ASIC's Annual Report for 2016-17.

ASIC's Chief Data Officer John Wallace joins the podcast to discuss ASIC's 2017-20 Data Strategy. You can read the data strategy at ASIC's website.

ASIC Commissioner John Price joins the podcast to discuss ASIC's approach to small business , including ASIC's 2017-2020 Small Business Strategy .

Jane Eccleston, ASIC Senior Executive Leader, Corporations, joins the podcast to discuss ASIC's recent report into investors and initial public offerings. Both the media release and the report can be found here .

ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation. ASIC is currently inviting submissions on Consultation Papers 288 and 289 . Any submissions, queries or comments can be sent to csf@asic.gov.au . (Submissions are due by 3 August 2017.)

Paul Muthaura, Chief Executive of the Capital Markets Authority in Kenya, joins the podcast to talk about the relationship between technological innovation and regulation, particularly in terms of the M-Pesa, a mobile-based financing service in the Kenyan economy.

Two members of ASIC's Market Integrity Team, Tom Veidners and Wendy Prince, join the podcast to talk about some of the work they undertake, including a few recent examples. For more about ASIC's market integrity work, you can subscribe to our Market Integrity Update .

ASIC's Louise Macaulay (Senior Executive Leader - Financial Advisers) joins the podcast to discuss ASIC's recent review of how large institutions oversee their financial advisers. The full report is available here .