A bill that closes a loophole permitting over-the-counter derivatives providers to use client monies for more than just derivatives transactions has passed the upper house.
The corporate regulator has issued new guidance for responsible entities in an effort to improve risk management systems.
A judge has dismissed claims from a client that negligent advice from Commonwealth Bank-owned Count Financial resulted in the loss of their life savings.
The corporate regulator announced yesterday it has cancelled the Australian Financial Services Licence of Singapore-based property investment company Aquaint Capital.
The big bank “oligopoly” in Australia can only be broken up if the regulator has the power to make rules about remuneration structures, says ASIC chairman Greg Medcraft.
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