Australian Securities and Investments Commission

103 results about this entity

Period: 22 Jan 2007 - 16 Dec 2024

/security

Australian regulator sues HSBC for failing to protect customers from scams

The Australian Securities and Investment Commission (Asic) is suing HSBC for failing to adequately protect customers scammed out of millions of dollars.

/ai

Australia's Asic highlights governance lag in AI adoption

Australia's Securities and Investment Commission (Asic) is urging financial services and credit licensees to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence.

/regulation

Asic clarifies technology and operational resilience guidance for market participants

ASIC has today released a letter to market participants outlining technological and operational resilience guidance, clarifying how to identify critical business services and notification of a major event.

/crypto

Australian regulator secures court win over Kraken's local operator

An Australian court has ruled in favour of the country's securities regulator against the local operator of the Kraken crypto exchange over design and distribution obligations when offering a margin trading product.

/regulation

Asic sues ASX over failed clearing house replacement system

Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.

/regulation

Asic consults on new rules to deliver better outcomes in clearing and settlement

ASIC has released a consultation paper on proposed rules to facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group.

/regulation

ASX pays $1,050,000 penalty for order information transparency failure

ASX Limited has paid a penalty of $1,050,000 following an ASIC investigation into its compliance with the Market Integrity Rules.

/regulation

Westpac fined maximum $1.8 million for "unconscionable conduct" in swaps dealing

The Federal Court has declared Westpac Banking Corporation (Westpac) engaged in unconscionable conduct in October 2016 when executing a $12 billion interest rate swap transaction, the largest of its kind in Australian financial market history.

/regulation

Regulator sues Westpac over financial hardship notice response delays

An Australian regulator has taken Westpac to court, accusing the bank of failing to respond to customers that filed financial hardship notices because of a problem with its online process.

/people

Asic welcomes appointment of Alex Cameron to lead ASX clearing and settlement advisory group

ASIC Chair Joe Longo has welcomed the establishment of a new Advisory Group to advise ASX Clear and ASX Settlement on strategic clearing and settlement issues.

/regulation

Aussie regulator sues eToro over CFD over-reach

The Australian Securities and Investments Commission is suing online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences (CFD) product, leaving 77% of retail clients out-of-pocket.

/security

Aussie banks, regulators and telcos team to tackle investment scams

The National Anti-Scam Centre will coordinate an investment scam fusion cell to combat the growing problem of investment scams, which are costing Australians more than $1 billion a year.