ASIC

• John Kavanagh

ASIC chief executive Warren Day is leaving the regulator to join the Commonwealth DPP. read more

• Ian Rogers

In a decision that seems unlikely to stand, the Federal Court has found that Finder Wallet Pty Ltd’s crypto product Finder Earn is not a debenture. read more

• John Kavanagh

Finance company Solvar is changing its credit risk profile, raising the minimum credit acceptance criteria for new customers and focusing growth on its prime and low-risk Australian loan book. read more

• John Kavanagh

ASIC has warned lenders it will focus on compliance with financial hardship obligations in the year ahead and is ready to take action through the courts. read more

• George Lekakis

Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more

• John Kavanagh

Lenders’ compliance with their hardship obligations will come under greater scrutiny next year after ASIC added it to its list of enforcement priorities. read more

• John Kavanagh

For first time ASIC has opened consultation on an industry code before approving it, and there is plenty for interested parties to get their teeth into. read more

• John Kavanagh

There are gaps in Australian financial institutions’ management of cyber security risk, with most companies operating on a reactive rather than proactive basis, a new survey has found. read more

• George Lekakis

Commonwealth Bank is investigating another compliance breach at its online stockbroking arm, Commonwealth Securities. read more

• George Lekakis

Lower tax expenses and a dramatic surge in interest-related revenue helped payments services provider Indue Limited to a slightly improved bottom line performance last year. read more

• John Kavanagh

APRA and ASIC have issued an information package setting out their approach to their joint administration of the Financial Accountability Regime and, for authorised deposit-taking institutions, detail.. read more

• John Kavanagh

ASIC has commenced proceedings against Cigno Australia and its associate BSF Solutions, alleging they provided credit without a licence. It was only three months ago that ASIC won a case against a pai.. read more

• John Kavanagh

ANZ will pay a $15 million fine for misleading customers about the funds available in their credit card accounts. read more

• George Lekakis

In a move bound to stoke plenty of speculation about its strategic intentions, Swedish-based buy now pay later giant Klarna has ploughed almost A$141 million of fresh capital into its ailing Australia.. read more

• John Kavanagh

NAB will pay a $2.1 million fine for continuing to charge customers periodic payment fees when it knew it was overcharging. read more

• John Kavanagh

ASIC has commenced proceedings against PayPal Australia, alleging that its contract terms relating to errors in fees are unfair. read more

• John Kavanagh

Westpac says a technology error was the cause of its failure to respond to customers’ hardship notices within the time required by law. read more

• John Kavanagh

The government’s financial accountability reform bill was passed in the Senate yesterday, extending executive accountability rules beyond banks to include the superannuation and insurance industries. read more

• John Kavanagh

ASIC has written to lenders calling on them to make sure they provide appropriate support for customers experiencing financial hardship. read more

• Ian Rogers

ASIC is getting three new commissioners, one with deep experience at the highest levels at Commonwealth Bank and NAB. read more