Show Notes
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 enabling ASIC to pursue harsher civil penalties and criminal sanctions against banks, their executives and others who have breached corporate and financial services law.
More from Inside ASIC
The podcast Inside ASIC this week puts scammers squarely in ASIC’s cross hairs. As artificial intelligence becomes more prolific in modern society, scammers are using the tool to produce highly convincing scams that leave even the experts second-guessing. The Commission’s taken down more than 10,000 investment scam websites and online advertisements and we are continuing to do a big piece of work to ensure banks are protecting consumers. In this episode of Inside ASIC we caught up with:
In our latest podcast episode Inside ASIC we look at some of the big issues with insurance after recent devastating natural disasters in Australia. We dive into a report ASIC’s just released about what insurers need to do to lift their game and look at why the loss of a home or property is just the start of what can be a long and stressful battle for Australians to rebuild disrupted lives. In this episode of Inside ASIC we caught up with:
What is our corporate regulator doing specifically to drive positive outcomes for Aboriginal and Torres Strait Islander peoples? In this episode of Inside ASIC we’re going to be looking at some of the work being driven by the specialist Indigenous Outreach Program team within ASIC. It’s not work that gets a lot of attention in the national media - but it’s a critical piece of what the Commission does when serious financial harm is at stake.
There are a host of companies making claims about their environmental credentials. For ASIC this has been a serious focus as many financial products like super funds have made green claims about how they invest… but simply can’t stack them up. Vanguard Investments Australia was ordered to pay a record $12.9 million penalty for making misleading claims, Mercer Super was ordered to pay $11.3 million, and Active Super copped a penalty of $10.5 million for greenwashing misconduct. This episode features:
We might just be witnessing a really fundamental change in Australia’s financial markets to the the rise of private markets. Through superannuation investments, many Australians have indirect exposure to private assets. Private markets operate differently than public markets and are inherently less transparent. In this episode of Inside ASIC we are all about understanding private versus public markets. Why it matters - and what’s the role of our corporate regulator when these deals are being done behind closed doors, with: