It may be the effect of the election but the regulation of banking in Australia appears to be descending into farce. Just last week, maybe in anticipation of adverse events to come, the Australian Financial…
Articles on ASIC
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Whistleblowers need better incentives, compensation and protection under Australian law, especially those in the private and not-for-profit sectors.
When asked this week whether in retrospect she regretted the government trying to undo Labor’s consumer protections, Assistant Treasurer Kelly O'Dwyer denied it had happened.
Out of the many changes the federal government has made to ASIC, the review of the Financial Ombudsman will have the biggest impact on customers.
In announcing new money for the Australian Securities and Investments Commission, the Treasurer and the Minister responsible Kelly O’Dwyer executed a synchronised back flip with tuck, declaring that “The…
Scott Morrison has warned the banks not to pass on to customers the $120 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission.
After Labor proposed a royal commission into the banking industry, Treasurer Scott Morrison said the Australian Securities and Investments Commission (ASIC) has all the powers of a royal commission and more. Is that right?
There are limitations to the narrative that more regulation can help tackle toxic bank culture.
Banks have had notice of these issues and failed to resolve them - it seems only fair that they should have to pay.
Next week Malcolm Turnbull will briefly take one foot off the domestic treadmill for his first visit to China as prime minister, going to Shanghai as well as Beijing.
Prime Minister Malcolm Turnbull has given banks a bollocking for unethical behaviour, suggesting they have not repaid the support they received during the global financial crisis.
The payday lending sector is under scrutiny again after the Australian Securities and Investment Commission’s investigation into Nimble. After failing to meet responsible lending obligations, Nimble must…
Unethical behaviour by bankers represents a systematic risk to banks, and causes widespread harm.
ASIC has a high success rate, but its high-profile civil action against ANZ Bank will be a tough battle to win.
If ASIC gets its way and ‘conduct risk’ is regulated, banks might get serious about systematic problems.
Almost three years after the hares were set running on the Bank Bill Swap Reference Rate (BBSW) scandal by the US regulator the Commodities Futures Trading Commission (CTFC), ASIC has finally taken out…
Never one to let a bandwagon pass by, Greg Medcraft, the Chairman of the Australian Securities and Investments Commission (ASIC), has enthusiastically hopped onto the Blockchain wagon. Mr Medcraft has…
Mass redress systems, rather than class actions, may be the least costly and most effective way to deliver compensation to large groups.
Both ASIC and the finance department want a user-pays model, but costs - borne by business - will rise.
Australian regulator ASIC has significant power to help it stamp out systemic fraud in the banking sector. Now they just need to use it.
Top contributors
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Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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Senior Lecturer, Faculty of Law, University of Wollongong
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Professorial Fellow, University of Canberra
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Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
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Professor of Law, The University of Western Australia
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Professor of Law (consumer protections and credit law), The University of Melbourne
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Senior lecturer, Queensland University of Technology
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Adjunct Professor of Law, University of New England
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MinterEllison Professor of Risk and Regulation, UNSW Law; Director, Centre for Law Markets and Regulation, UNSW Law, UNSW
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Associate Professor, Corporate Law, University of Sydney Business School, University of Sydney
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Professor of Public Policy & Law, Centre for Governance & Public Policy, Griffith University
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Lecturer in Corporations Law and Regulation of Corporate Misconduct, The University of Queensland
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Emeritus Professor, Melbourne Law School, The University of Melbourne
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Lecturer in Accounting, The University of Queensland