This Month
ANZ raised concerns about ASIC investigator’s aggressive interviews
The probe into alleged bond market manipulation has dragged on for 18 months, and been a source of heightened tension between the bank and the regulator.
June
Lessons from $1.2b funds collapses
Managed investment schemes cry out for regulatory reform after the $1.2 billion collapse of Shield Master Fund, First Guardian Master Fund and Australian Fiduciaries.
Capital market shake-up should preserve shareholder interests
The ASIC review, while well-intentioned, runs the risk of descending into a lobbying opportunity for business and a public relations exercise for the regulator.
May
How Macquarie boss responds to the ASIC action will define her legacy
The group’s relationship with the nation’s corporate cop, the Australian Securities and Investments Commission, has been in freefall.
This is the biggest test for Macquarie since the GFC
It is critical the board does not underplay the huge cultural turnaround that the bank must confront, which could prove tougher than the post-GFC rebound.
April
ASFA and ASIC chiefs still need to talk
The pair met, naturally, at the conference of yet another superannuation industry group.
March
Australia now has a new ‘poster child’ for bad governance
ASIC boss Joe Longo is furious at what he sees as basic failings in the way the $4 trillion superannuation system is conducting itself.
ASIC kickstarts deregulation agenda to lighten director loads
The chairman of the corporate regulator, Joe Longo, will also on Wednesday call for more science and technology experience in the boardroom.
Private markets need better regulation
Readers’ letters on ASIC’s transparency push, David Littleproud’s climate stance, Chinese navy vessels circling Australia and democracy under Donald Trump.
February
Howard Marks and ASIC share a warning about private market risks
ASIC wants more transparency from private markets. Wall Street legend Howard Marks says there’s one big question investors and regulators need to focus on.
Get your house in order, Longo tells scandal-plagued CEOs
After a string of high-profile scandals involving chief executives, ASIC chairman Joe Longo is putting boards on notice.
December 2024
ASX scrambles to fix CHESS settlements outage as traders fume
At lunchtime on Friday as many stockbrokers went to end-of-year lunches, the market operator said its batch payments had failed, threatening a cash flow crunch.
November 2024
ASIC’s Joe Longo named Time climate crusader
This feels like 2011, when Euromoney opened our eyes to the charms of Wayne Swan.
There’s a simple way to simplify the red tape strangling business
The Australian Law Reform Commission has set out a blueprint to fix our financial service laws mess. It must not be allowed to gather dust.
Macquarie boss says accountability matters after ASIC jibe
After being slapped with a record fine for failing to monitor energy futures markets, the bank pledged to identify root causes and hold staff accountable.
September 2024
‘I would not recommend ASIC’: scathing assessment by staff
The results of a confidential cultural survey make for embarrassing reading on staff motivation, satisfaction and the regulator’s leadership team.
ASIC pursues board directors over cyber breaches
ASIC says more investigations are underway, scrutinising how boards and directors have responded to cyberattacks.
Anti-corruption commission clears former ASIC deputy Karen Chester
The National Anti-Corruption Commission has sought to protect against unfair reputation damage, clearing former ASIC deputy chairman Karen Chester of corrupt behaviour
August 2024
ASIC budget set to fall despite warnings on resourcing
The corporate regulator’s annual budget appropriation will be $6 million lower in 2027-28 compared with last financial year, but when adjusted by inflation the cut is much bigger.