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Tuesday 28 November 2017




By Dr Bob Murray
 
I am a scientist—a clinical psychologist and behavioral neurogeneticist by training—and also one who works closely with GRC professionals in a number of industries and as a speaker at conventions discussing issues of risk, ethics and governance. My expertise is not in these particular areas, but in human behavior—in what ma...

By Kwame Slusher



During Singapore’s Fintech Festival, hosted by Deloitte, AUSTRADE and the RegTech Association, banks were called on to collaborate more with Regtech start-ups.

The Singapore Fintech Festival, attended by the Australian High Commissioner, the Hon. Bruce Gosper, followed the highly-successful Fintech Australia Festival, Collab/Collide, held in M...

By Kwame Slusher



The Australian Competition and Consumer Commission (ACCC) is looking to establish an analytics unit to tackle data e-collusion.

The unit will be involved in a number of market studies, as well as assisting the ACCC’s investigations teams and economists.

According to Rod Sims, ACCC Chair, there are a lot of benefits to data-driven innovation...

By Kwame Slusher


ASIC Media Release

ASIC has cancelled the Australian financial services (AFS) licence of Financial Stewards Pty Ltd (Financial Stewards) for failing to co-operate with an ASIC surveillance.

ASIC issued two compulsory notices to Financial Stewards as part of a surveillance.  Financial Stewards failed to respond to the Notices or to ASIC's corr...

By Kwame Slusher



The RegTech space is evolving quickly. Lucsan, an Australian-based RegTech firm that caters to financial services, was listed recently in the top 100 RegTech firms by FinTech Global. It is just one of three Australian RegTechs to merit a mention in the list, after a panel of experts reviewed 416 RegTech firms worldwide.

This news comes shortly...

By Kwame Slusher

ASIC Media Release

ASIC has commenced proceedings in the Federal Court of Australia and obtained interim injunctions against Perth-based Superfunded Pty Ltd (ACN 617 328 588) (Superfunded) and its sole director, Mr Max David Goldenberg, of Currambine and its sole shareholder Mr Mark Travis Goldenberg  of Claremont (the Goldenbergs). The proceeding...

By Kwame Slusher



Most jurisdictions covered by the International Organisation of Securities Commission (IOSCO) have started implementing the G20/FSB recommendations.

This is according to the Implementation Report: G20/FSB Recommendations, published by IOSCO last week, that looks at the implementation of post-crisis recommendations aimed at strengthening securi...

By Kwame Slusher

Monday 20 November 2017



As the denouement in the BBSW case continues to unravel, perhaps it was the comments of Brock Johnson, former NAB employee, that have proved most chilling.

According to the AFR, when Justice Beach inquired whether Johnson had read the Australian Financial Markets Association (AFMA) rules, he responded, "We had some training but no, I had not r...

By Kwame Slusher

ASIC Media Release

ASIC has commenced legal proceedings in the Federal Court of Australia against MG Responsible Entity Limited (MGRE), as trustee and responsible entity for the MG Unit Trust (ASX code: MGC), for failing to disclose to the Australian Securities Exchange (ASX) market sensitive information in a timely manner.

On 29 February 2016,...

By Kwame Slusher

ASIC Media Release

Mr Jin Xi Li, 54, of Caloundra, Queensland, appeared in the Maroochydore Magistrates Court today charged with 88 insider trading related offences.

Mr Li was charged under section 1043A of the Corporations Act following an ASIC investigation into trading in Contracts for Difference (CFD) and the ordinary shares of PanAust Limi...

By Kwame Slusher