ASIC announces the initial members of the Financial Services and Credit Panel

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Following expressions of interest from leaders in the financial services and consumer credit industry to become members of the Financial Services and Credit Panel (‘FSCP’), ASIC has selected for appointment the following people: Annette Spencer Gaye Simpson Brad Fox Gayle Cilfone Bruce Debenham Jennifer Diggle< Calvert Duffy Johanna Turner Christine McArthur Naomi Layton Dacian Moses […]

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China and Australia to cooperate on fintech

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The China Securities Regulatory Commission (‘CSRC’) and Australian Securities and Investments Commission (‘ASIC’) have entered into an agreement to promote innovation in financial services in their respective markets. The Information Sharing Co-operation Agreement further underlines the significance of the broader Australia-China trade and investment relationship. China is Australia’s largest two-way trading partner in goods and services (valued at […]

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FSC welcomes new ASIC Chairman

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The Financial Services Council (FSC) welcomes Mr James Shipton as the full-time Chairman to the Australian Securities and Investments Commission (ASIC). The FSC recognises the important work ASIC carries out to promote consumer confidence in Australia’s financial system, and believes Mr Shipton is well-placed to lead the regulator through the next phase of that journey. FSC […]

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ASIC’s 2017-20 data strategy launched

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The Australian Securities and Investments Commission has launched its data strategy for 2017-20. The strategy, which outlines how ASIC will capture, share and use data, will transition ASIC into a more data-driven and intelligence-led organisation. ASIC’s data strategy outlines a number of data initiatives that have been completed or will be put in place over the […]

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ASIC calls for expressions of interest for membership of Financial Services and Credit Panel

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The Australian Securities and Investments Commission is calling for expressions of interest from financial services and consumer credit industry participants who are interested in becoming members of the new ASIC Financial Services and Credit Panel. We will draw on these members who, with an ASIC staff member, will consider making banning orders against individuals for […]

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Abu Dhabi and Australia seal agreement on fintech cooperation

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The Abu Dhabi Global Market (‘ADGM’) Financial Services Regulatory Authority (‘FSRA’) and ASIC today signed a Cooperation Agreement which provides a framework for cooperation to support and understand financial innovation in each jurisdiction. This Agreement expands ASIC’s fintech cooperation network to a dynamic region with enormous potential. The Middle East and North Africa (MENA) are […]

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ASIC welcomes the dawn of a new regulatory era

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The Australian Securities and Investments Commission (ASIC) has welcomed the passage of legislation enabling a more secure and accountable funding of the model for regulation of the Australian corporate sector. Effective from 1 July 2017, ASIC’s regulatory costs will be recovered from all industry sectors regulated by ASIC through annual levies. ASIC Chairman Greg Medcraft welcomed […]

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ASIC consults on establishing a Financial Services Panel

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ASIC has  released a consultation paper on its proposal to develop and implement a Financial Services Panel (the Panel). The Panel would add a strong element of peer review to ASIC’s administrative decision making processes. ASIC Chairman Greg Medcraft said, ‘ASIC’s aim in establishing a Panel is to enhance the impact of ASIC’s administrative decisions. […]

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The Hon. Kelly O’Dwyer MP launches Financial Literacy Annual Highlights Report

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The Minister for Revenue and Financial Services, the Hon. Kelly O’Dwyer MP yesterday launched the National Financial Literacy Strategy Annual Highlights Report 2015-16 at an event at Parliament House in Canberra. Speaking at the event, Minister O’Dwyer highlighted the Australian Government’s commitment to supporting Australians’ financial literacy skills. ‘Financial literacy helps not only with improving living standards […]

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ASIC launches First Business App to help young people starting a small business

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ASIC Chairman, Greg Medcraft yesterday launched a new free mobile app – First Business by ASIC’s MoneySmart – to support young Australians starting a small business. First Business was developed by ASIC in collaboration with the Australian Taxation Office, to assist young people considering going into business for themselves. The mobile app provides practical tips, checklists, […]

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