Articles

Poacher turned gamekeeper’s gamekeeper: former bank boss to lead ASIC review

The federal government has appointed Nicholas Moore, former CEO and Managing Director of investment banking giant Macquarie Group, as the first Chairman of the newly formed Financial Regulator Assessment Authority. The Authority was formed in response to criticism by the Hayne Royal Commission that financial services regulators were being too soft on misconduct.  Moore’s first […]


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ASIC flexes product intervention muscle

ASIC flexes product intervention muscle

ASIC flexes product intervention muscle ASIC has intervened twice this week in the retail OTC derivatives and CFD markets.  The product intervention orders are the latest step in a sustained...

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Spotless – CFO judgment key take outs

Spotless – CFO judgment key take outs

Justice Murphy of the Federal Court of Australia has published reasons for judgement in Court v Spotless Group Holdings Limited [2020] FCA 1730 (Spotless). His Honour’s judgment provides important...

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ASIC: still slow, timid, uncertain

ASIC: still slow, timid, uncertain

Don't be fooled by ASIC's new approach. ASIC remains fundamentally a slow, timid and belatedly reactive regulator. It has sharpened its rhetoric and actions around pointy end enforcement, but change...

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