Podcasts about investments commission asic

* Cyber Attacks Target Multiple Australian Super Funds, Half Million Dollars Stolen* Intelligence Agencies Warn of "Fast Flux" Threat to National Security* SpotBugs Token Theft Revealed as Origin of Multi-Stage GitHub Supply Chain Attack* ASIC Secures Court Orders to Shut Down 95 "Hydra-Like" Scam Companies* Oracle Acknowledges "Legacy Environment" Breach After Weeks of DenialCyber Attacks Target Multiple Australian Super Funds, Half Million Dollars Stolenhttps://www.itnews.com.au/news/aussie-super-funds-targeted-by-fraudsters-using-stolen-creds-616269https://www.abc.net.au/news/2025-04-04/superannuation-cyber-attack-rest-afsa/105137820Multiple Australian superannuation funds have been hit by a wave of cyber attacks, with AustralianSuper confirming that four members have lost a combined $500,000 in retirement savings. The nation's largest retirement fund has reportedly faced approximately 600 attempted cyber attacks in the past month alone.AustralianSuper has now confirmed that "up to 600" of its members were impacted by the incident. Chief member officer Rose Kerlin stated, "This week we identified that cyber criminals may have used up to 600 members' stolen passwords to log into their accounts in attempts to commit fraud." The fund has taken "immediate action to lock these accounts" and notify affected members.Rest Super has also been impacted, with CEO Vicki Doyle confirming that "less than one percent" of its members were affected—equivalent to fewer than 20,000 accounts based on recent membership reports. Rest detected "unauthorised activity" on its member access portal "over the weekend of 29-30 March" and "responded immediately by shutting down the member access portal, undertaking investigations and launching our cyber security incident response protocols."While Rest stated that no member funds were transferred out of accounts, "limited personal information" was likely accessed. "We are in the process of contacting impacted members to work through what this means for them and provide support," Doyle said.HostPlus has confirmed it is "actively investigating the situation" but stated that "no HostPlus member losses have occurred" so far. Several other funds including Insignia and Australian Retirement were also reportedly affected.Members across multiple funds have reported difficulty accessing their accounts online, with some logging in to find alarming $0 balances displayed. The disruption has caused considerable anxiety among account holders.National cyber security coordinator Lieutenant General Michelle McGuinness confirmed that "cyber criminals are targeting individual account holders of a number of superannuation funds" and is coordinating with government agencies and industry stakeholders in response. The Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC) are engaging with all potentially impacted funds.AustralianSuper urged members to log into their accounts "to check that their bank account and contact details are correct and make sure they have a strong and unique password that is not used for other sites." The fund also noted it has been working with "the Australian Signals Directorate, the National Office of Cyber Security, regulators and other authorities" since detecting the unauthorised access.If you're a member of any of those funds, watch for official communications and be wary of potential phishing attempts that may exploit the situation.Intelligence Agencies Warn of "Fast Flux" Threat to National Securityhttps://www.cyber.gov.au/about-us/view-all-content/alerts-and-advisories/fast-flux-national-security-threatMultiple intelligence agencies have issued a joint cybersecurity advisory warning organizations about a significant defensive gap in many networks against a technique known as "fast flux." The National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), FBI, Australian Signals Directorate, Canadian Centre for Cyber Security, and New Zealand National Cyber Security Centre have collaborated to raise awareness about this growing threat.Fast flux is a domain-based technique that enables malicious actors to rapidly change DNS records associated with a domain, effectively concealing the locations of malicious servers and creating resilient command and control infrastructure. This makes tracking and blocking such malicious activities extremely challenging for cybersecurity professionals."This technique poses a significant threat to national security, enabling malicious cyber actors to consistently evade detection," states the advisory. Threat actors employ two common variants: single flux, where a single domain links to numerous rotating IP addresses, and double flux, which adds an additional layer by frequently changing the DNS name servers responsible for resolving the domain.The advisory highlights several advantages that fast flux networks provide to cybercriminals: increased resilience against takedown attempts, rendering IP blocking ineffective due to rapid address turnover, and providing anonymity that complicates investigations. Beyond command and control communications, fast flux techniques are also deployed in phishing campaigns and to maintain cybercriminal forums and marketplaces.Notably, some bulletproof hosting providers now advertise fast flux as a service differentiator. One such provider boasted on a dark web forum about protecting clients from Spamhaus blocklists through easily enabled fast flux capabilities.The advisory recommends organizations implement a multi-layered defense approach, including leveraging threat intelligence feeds, analyzing DNS query logs for anomalies, reviewing time-to-live values in DNS records, and monitoring for inconsistent geolocation. It also emphasizes the importance of DNS and IP blocking, reputation filtering, enhanced monitoring, and information sharing among cybersecurity communities."Organizations should not assume that their Protective DNS providers block malicious fast flux activity automatically, and should contact their providers to validate coverage of this specific cyber threat," the advisory warns.Intelligence agencies are urging all stakeholders—both government and providers—to collaborate in developing scalable solutions to close this ongoing security gap that enables threat actors to maintain persistent access to compromised systems while evading detection.SpotBugs Token Theft Revealed as Origin of Multi-Stage GitHub Supply Chain Attackhttps://unit42.paloaltonetworks.com/github-actions-supply-chain-attack/Security researchers have traced the sophisticated supply chain attack that targeted Coinbase in March 2025 back to its origin point: the theft of a personal access token (PAT) associated with the popular open-source static analysis tool SpotBugs.Palo Alto Networks Unit 42 revealed in their latest update that while the attack against cryptocurrency exchange Coinbase occurred in March 2025, evidence suggests the malicious activity began as early as November 2024, demonstrating the attackers' patience and methodical approach."The attackers obtained initial access by taking advantage of the GitHub Actions workflow of SpotBugs," Unit 42 explained. This initial compromise allowed the threat actors to move laterally between repositories until gaining access to reviewdog, another open-source project that became a crucial link in the attack chain.Investigators determined that the SpotBugs maintainer was also an active contributor to the reviewdog project. When the attackers stole this maintainer's PAT, they gained the ability to push malicious code to both repositories.The breach sequence began when attackers pushed a malicious GitHub Actions workflow file to the "spotbugs/spotbugs" repository using a disposable account named "jurkaofavak." Even more concerning, this account had been invited to join the repository by one of the project maintainers on March 11, 2025 – suggesting the attackers had already compromised administrative access.Unit 42 revealed the attackers exploited a vulnerability in the repository's CI/CD process. On November 28, 2024, the SpotBugs maintainer modified a workflow in the "spotbugs/sonar-findbugs" repository to use their personal access token while troubleshooting technical difficulties. About a week later, attackers submitted a malicious pull request that exploited a GitHub Actions feature called "pull_request_target," which allows workflows from forks to access secrets like the maintainer's PAT.This compromise initiated what security experts call a "poisoned pipeline execution attack" (PPE). The stolen credentials were later used to compromise the reviewdog project, which in turn affected "tj-actions/changed-files" – a GitHub Action used by numerous organizations including Coinbase.One puzzling aspect of the attack is the three-month delay between the initial token theft and the Coinbase breach. Security researchers speculate the attackers were carefully monitoring high-value targets that depended on the compromised components before launching their attack.The SpotBugs maintainer has since confirmed the stolen PAT was the same token later used to invite the malicious account to the repository. All tokens have now been rotated to prevent further unauthorized access.Security experts remain puzzled by one aspect of the attack: "Having invested months of effort and after achieving so much, why did the attackers print the secrets to logs, and in doing so, also reveal their attack?" Unit 42 researchers noted, suggesting there may be more to this sophisticated operation than currently understood.ASIC Secures Court Orders to Shut Down 95 "Hydra-Like" Scam Companieshttps://asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-052mr-asic-warns-of-threat-from-hydra-like-scammers-after-obtaining-court-orders-to-shut-down-95-companies/The Australian Securities and Investments Commission (ASIC) has successfully obtained Federal Court orders to wind up 95 companies suspected of involvement in sophisticated online investment and romance baiting scams, commonly known as "pig butchering" schemes.ASIC Deputy Chair Sarah Court warned consumers to remain vigilant when engaging with online investment websites and mobile applications, describing the scam operations as "hydra-like" – when one is shut down, two more emerge in its place."Scammers will use every tool they can think of to steal people's money and personal information," Court said. "ASIC takes action to frustrate their efforts, including by prosecuting those that help facilitate their conduct and taking down over 130 scam websites each week."The Federal Court granted ASIC's application after the regulator discovered most of the companies had been incorporated using false information. Justice Stewart described the case for winding up each company as "overwhelming," citing a justifiable lack of confidence in their conduct and management.ASIC believes many of these companies were established to provide a "veneer of credibility" by purporting to offer genuine services. The regulator has taken steps to remove numerous related websites and applications that allegedly facilitated scam activity by tricking consumers into making investments in fraudulent foreign exchange, digital assets, or commodities trading platforms.In some cases, ASIC suspects the companies were incorporated using stolen identities, highlighting the increasingly sophisticated techniques employed by scammers. These operations often create professional-looking websites and applications designed to lull victims into a false sense of security.The action represents the latest effort in ASIC's ongoing battle against investment scams. The regulator reports removing approximately 130 scam websites weekly, with more than 10,000 sites taken down to date – including 7,227 fake investment platforms, 1,564 phishing scam hyperlinks, and 1,257 cryptocurrency investment scams.Oracle Acknowledges "Legacy Environment" Breach After Weeks of Denialhttps://www.bloomberg.com/news/articles/2025-04-02/oracle-tells-clients-of-second-recent-hack-log-in-data-stolenOracle has finally admitted to select customers that attackers breached a "legacy environment" and stole client credentials, according to a Bloomberg report. The tech giant characterized the compromised data as old information from a platform last used in 2017, suggesting it poses minimal risk.However, this account conflicts with evidence provided by the threat actor from late 2024 and posted records from 2025 on a hacking forum. The attacker, known as "rose87168," listed 6 million data records for sale on BreachForums on March 20, including sample databases, LDAP information, and company lists allegedly stolen from Oracle Cloud's federated SSO login servers.Oracle has reportedly informed customers that cybersecurity firm CrowdStrike and the FBI are investigating the incident. According to cybersecurity firm CybelAngel, Oracle told clients that attackers gained access to the company's Gen 1 servers (Oracle Cloud Classic) as early as January 2025 by exploiting a 2020 Java vulnerability to deploy a web shell and additional malware.The breach, detected in late February, reportedly involved the exfiltration of data from the Oracle Identity Manager database, including user emails, hashed passwords, and usernames.When initially questioned about the leaked data, Oracle firmly stated: "There has been no breach of Oracle Cloud. The published credentials are not for the Oracle Cloud. No Oracle Cloud customers experienced a breach or lost any data." However, cybersecurity expert Kevin Beaumont noted this appears to be "wordplay," explaining that "Oracle rebadged old Oracle Cloud services to be Oracle Classic. Oracle Classic has the security incident." This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit edwinkwan.substack.com

Are you prepared to protect yourself online? In today’s episode, I’m thrilled to dive into a critical topic—cybersecurity—with an extraordinary guest. Joining me is Kimberley Roberts-Salee, a cybersecurity expert from Cyber Wardens. She’s skilled at identifying and mitigating cyber threats for individuals and businesses and is passionate about empowering people with the knowledge to proactively prevent them. Kimberley and I had an insightful conversation about the common red flags of scams, practical steps you can take to safeguard your digital presence, and simple measures that could save you countless hours, heartbreak, and money. From understanding basic cybersecurity principles to implementing easy, actionable solutions, this episode covers it all. What’s more, Kimberley shared details about Cyber Wardens’ government-funded training programs. These free resources are designed to provide essential cybersecurity knowledge, whether you’re a business owner or simply someone looking to protect your personal information. The basic training takes just 10 minutes to complete and offers invaluable tips to secure your online presence. This isn’t about fear, it’s about awareness and action. Just as you protect your physical assets like cars or homes, it’s time to treat your online presence as a valuable asset too. So grab a pen, take notes, and let’s dive into this enlightening conversation with Kimberley Roberts-Salee. You won’t want to miss this one! We’ll be talking about: ➡ [0:00] Introduction ➡ [05:23] Who are Cyber Wardens? ➡ [07:49] What are cyber crimes? ➡ [09:40] Cyber crimes people need to know about ➡ [13:50] Cyber crimes are more prevalent for small businesses ➡ [17:29] It happens to everyone ➡ [19:27] Signs of a scam ➡ [22:47] How to cross check for legitimate websites ➡ [24:00] How to report scams ➡ [27:24] Red flags about Facebook Messenger scammers ➡ [34:50] Habits that are open to scams ➡ [41:30] My experience with a scammer ➡ [45:45] Top 3 things people need to do to prevent cyber crime ➡[47:14] Final thoughts Resources: Free Resources from Cyber Wardens: ➡ Online Modules:https://cyberwardens.co/accelerator To report a scam: ➡ Australian Cyber Security Centre: www.cyber.gov.au ➡ National Anti-Scam Centre: www.scamwatch.gov.au. ➡ IDCARE: www.idcare.org ➡ Australian Taxation Office (ATO): www.ato.gov.au ➡ Australian Securities and Investments Commission (ASIC): asic.gov.au About our guest: Kimberley is a senior marketing, communications and stakeholder engagement professional with 15 years of experience across multiple industries including tourism, business events, government, aviation and professional services. As the Head of Marketing and Communications for Cyber Wardens, she is passionate about raising awareness around the importance of small business cyber security and empowering small business owners and employees to increase their cyber resilience and learn how to stay safe online. Connect with Kimberley Roberts-Salee ➡ Kimberley Roberts-Salee’s LinkedIn: https://www.linkedin.com/in/kimberleyrs/?originalSubdomain=au ➡ Kimberley Roberts-Salee’s Facebook: https://www.facebook.com/kimberley.robertssalee.35/ ➡ Kimberley Roberts-Salee’s Instagram: https://www.instagram.com/kimberleyr_s/?hl=en Connect with Direct Selling Accelerator: ➡ Visit our website: https://www.auxano.global/ ➡ Subscribe to YouTube: https://www.youtube.com/c/DirectSellingAccelerator ➡ Follow us on Instagram: https://www.instagram.com/auxanomarketing/ ➡ Follow us on Facebook: https://www.facebook.com/auxanomarketing/ ➡ Email us: community_manager@auxano.global If you have any podcast suggestions or things you’d like to learn about specifically, please send us an email at the address above. And if you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.See omnystudio.com/listener for privacy information.

With mandatory climate reporting coming into force in Australia, the corporate regulator ASIC is stepping up enforcement, targeting misleading and deceptive practices with serious consequences for non-compliance.Today's episode is your guide to mastering climate reporting and avoiding greenwashing.To explain we have special guest Kate O'Rourke, Commissioner at the Australian Securities and Investments Commission (ASIC).The host of The Greener Way is Rose Mary Petrass, senior journalist at FS Sustainability. This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy

The integrity of bond markets on both sides of the Tasman is at stake as regulators probe issues of potential market manipulation, Australian Financial Review senior reporter Jonathan Shapiro says.Shapiro is covering the Australian Securities and Investments Commission (ASIC) probe of the ANZ Group's role in a A$14 billion 2023 Australian government bond sale, and taking an interest in the Financial Markets Authority's probe into possible manipulation in New Zealand's wholesale interest rate and government bond markets. Speaking in the latest episode of the Of Interest podcastShapiro says the ASIC probe of ANZ boils down to allegations of interest rate rigging, allegations of providing false information to the Australian Office of Financial Management (AOFM), which manages the Australian government's debt portfolio and hired ANZ as risk manager for government bond issues, and workplace culture issues."What is alleged is in that role they [ANZ] might have moved the market in their favour and made trading profits. And those trading profits came at the expense of the [Australian] government because ultimately their alleged actions forced up the government bond [borrowing] rate. We calculated about five basis points extra ... and that's for $14 billion of debt over 11 years," Shapiro says.ANZ Group CEO Shayne Elliott says the bank itself has found no evidence misconduct or market manipulation by ANZ in connection with the bond issues cost the government financially. Elliott also says whilst some information provided to AOFM may have been incorrect, this was a mistake, rather than a deliberate act. Meanwhile, three traders have left the bank and a fourth has been warned.Shapiro says what's being alleged is very serious and everyone in Australia has an interest in the outcome because the government was ANZ's client.In New Zealand the Financial Markets Authority (FMA) says it's investigating two complaints about possible market manipulation in NZ's wholesale interest rate and government bond markets.Shapiro says market integrity is absolutely critical, with pension funds, sovereign wealth funds, central banks and other investors trading government bonds."They don't want to be on the other side of of any funny business...it's extremely important that these markets are trustworthy."Because they're viewed as the risk-free rate of return, government bond rates underpin the whole market, Shapiro notes."So regulators should absolutely be looking at any issues in these markets and making sure that they're transparent, that they're clean, and that there's nothing untoward going on. And one would think that participants in that market, especially the big banks of countries like New Zealand and Australia, would have an interest in making sure that, firstly, they're doing everything they can for their client, the government, but also making sure the bond market works as efficiently as it can."The ANZ Group has been left out of the last three Australian government bond issues, Shapiro says.In the podcast Shapiro also talks about why he refers to the ASIC probe as the biggest scandal in the ANZ Group's 182-year history, goes into detail on the three key issues at stake and the ANZ Group's responses, what's at stake for the bank potentially financially and reputationally, as well as for Elliott, possible similarities with what's at issue in the FMA investigations and more.*You can find all episodes of the Of Interest podcast here.

Last week, yet another building and construction firm hit the wall, collapsing into liquidation owing $5.7m straddling two different states and territories, leading to a “domino effect” impacting 130 projects and 80 staff members. This is part of the continuing litany of failure, as data from the Australian Securities & Investments Commission (ASIC) shows that … Continue reading "Construction Firms Failures Hit A New Peak: There Will Be Consequences…"

Raws li lub koom haum Australian Securities & Investments Commission (ASIC) tsab ntawv cej luam tshiab qhia ces pom tau tias tej cuab yig muaj kev nyuaj siab ntxhov plawv rau tej kev tsis tshua muaj peev xwm them tej nqe yuav tsev ntau tuaj ntxiv thiab lub caij lawv thov cov kev pab cuam harship assistance siv los tej txhab nyiaj tsis tshua kub siab pab raws li siab xav. Txawm li cas los Anna Bligh uas yog tus tswj lub koom haum sawv cev rau Australia tej txhab nyiaj yeej hais tias 'yog nej xav tau txais kev pab cuam ces kav tsij mus nrog nej tej txhab nyiaj sab laj, vim lawv yeej tab tom pab tej neeg coob heev.'

Een nieuw rapport van de Australian Securities & Investments Commission (ASIC) laat een stijging van meer dan 54% zien in het aantal meldingen over hypotheekstress. De oorzaak zijn de nog steeds hoge kosten van levensonderhoud, waardoor de druk op veel huishoudens blijft bestaan.

Due to inflation and high interest rates in Australia today, many home owners who have taken out home loans are in dire straits. The Australian Securities & Investments Commission or ASIC has presented a latest survey report on this situation. Listen to SBS Sinhala explainer for more information. - වර්තමානයේ ඔස්ට්‍රේලියාව තුල පවතින උද්දමනය සහ ඉහල පොලී අනුපාත හේතුවෙන් බොහෝ නිවාස ණය ලබාගත් නිවාස හිමියන් දැඩි අපහසුතාවයකට පත්වී සිටිනවා. මෙම තත්වය පිළිබඳව Australian Securities & Investments Commission හෙවත් ASIC ආයතනය නවතම සමීක්ෂණ වාර්තාවක් ඉදිරිපත් කර තිබෙනවා. මේ පිලිබඳ වැඩිදුර තොරතුරු අද කාලීන තොරතුරු විග්‍රහයෙන්.

Resouro Strategic Metals Inc. (TSX-V: RSM) CEO Chris Eager sits down with Jonathan Jackson in the Proactive studio to discuss its planned listing on the Australian Securities Exchange (ASX). The Canadian-based mineral exploration and development company lodged a prospectus with the Australian Securities and Investments Commission (ASIC) on May 1, 2024, aiming to raise A$8 million at a price of A$0.50 each. This offering is scheduled to close on May 23, 2024, with trading on the ASX expected to start around June 4, 2024, pending satisfaction of ASX's listing requirements. Upon successful ASX listing, Resouro's securities will be tradeable on four platforms: the TSX Venture Exchange, the Frankfurt Stock Exchange, the Over-the-Counter market in the USA, and the Australian Stock Exchange, enhancing investor accessibility. Resouro focuses on developing economic mineral projects in Brazil, including the rare earth and titanium Tiros Project in northern Minas Gerais, which covers about 450 square kilometres and holds several exploration permits. The company, through its Brazilian subsidiary, holds a 90% interest in this project, with the remaining 10% held by RBM Consultoria Mineral Eireli. Additionally, Resouro is involved in the Novo Mundo and Santa Angela gold projects, though the latter is not considered material to the company's operations. #ProactiveInvestors #ResouroStrategicMetals #CVE #MineralExploration, #StockExchangeListing, #AustralianSecuritiesExchange, #ASX, #InvestmentOpportunity, #RareEarthElements, #Titanium, #TirosProject, #BrazilMining, #EconomicMineralProjects, #GoldProjects, #NovoMundo, #SantaAngela, #MinasGerais, #CanadianCompany, #ExplorationPermits, #MiningInvestment, #ResourceDevelopment, #MarketExpansion#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

The grisly discovery of a decomposed foot on a remote beach 300 miles south of Sydney has thrust missing con woman Melissa Caddick's Ponzi scheme into the spotlight. The mysterious foot discovery, along with her husband Anthony Koletti's frantic texts, ignited a media frenzy, shedding light on Caddick's murky financial schemes. Caddick had promised substantial returns to investors, amassing A$30 million primarily from family and friends over eight years. However, mounting delays and difficulties in accessing funds prompted the Australian Securities and Investments Commission (ASIC) to freeze her assets, exposing her financial front as an elaborate Ponzi scheme. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Outgoing Australian Compliance Institute CEO Naomi Burley and Strategic and Engagement Consultant Carole Ferguson discuss the requirements of consolidating multiple member superannuation accounts under the SIS(ACT)through the lens of the Australian Securities and Investments Commission (ASIC)action against AustralianSuper. Resources ASIC sues AustralianSuper over multiple superannuation accounts: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-249mr-asic-sues-australiansuper-over-multiple-superannuation-accounts/ ASIC v AustralianSuper Concise Statement: https://download.asic.gov.au/media/tv1d2sli/23-249mr-concise-statement.pdf ASIC warns super trustees to boost efforts to consolidate duplicate member accounts : https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-175mr-asic-warns-super-trustees-to-boost-efforts-to-consolidate-duplicate-member-accounts/

06th July: Crypto & Coffee at 8

The Australian Securities and Investments Commission - ASIC - has just brought forward its first ever greenwashing case. It's accused Mercer Superannuation of misleading customers about its sustainable plus fund, one of its superannuation investment options. The Sustainable Plus options were marketed as suitable for members who ‘are deeply committed to sustainability' due to the fact they excluded investments in companies involved in carbon intensive fossil fuels, alcohol production and gambling.But ASIC alleges that is far from what Mercer actually did.These are just accusations currently, it might be the tip of the iceberg when it comes to a crackdown on greenwashing in Australia. The Australian competition watchdog recently completed a sweep of companies environmental claims, and subsequently found 57% of the companies they looked at made misleading statements about their climate action and other behaviour.Today Sascha and Darcy were joined by AFR journalist Hannah Wootton who helps them answer - is this the beginning of many greenwashing cases? Tell us what you think of The Dive - email us at thedive@equitymates.com. Follow our Instagram here, or find out more here. Stay engaged with the Equity Mates community by joining our forum. In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.The Dive is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.

"Do as I say, not as I do," is an adage that will echo through the ages. But rarely do we hear it uttered within the hallowed halls of financial regulators. In Australia, this month, the adage is ringing loudly and clearly at the financial conduct regulator. A misconduct investigation involving the most senior staff at the Australian Securities and Investments Commission (ASIC) has highlighted the challenges of building and maintaining a strong organisational culture — even for the regulator itself. A Senate hearing in Canberra has unearthed a complaint about allegations that a deputy commissioner behaved in a manner that was "disrespectful and contemptuous" towards other staff. The case has underscored the importance of culture, including at the nation's financial conduct regulator, said Deborah O'Neill, a Labor senator. "I think that this indicates some cultural challenges that are being faced by ASIC. We know that culture matters," she said. In this episode of Compliance Clarified, Nathan Lynch speaks with Niall Coburn, Thomson Reuters' senior regulatory expert for the Asia-Pacific region. Follow the links below for more coverage from Regulatory Intelligence on the importance of regulatory culture. Bad blood between ASIC commissioners highlights challenge of culture: http://go-ri.tr.com/abwqdn ASIC 'narrowly' avoided misleading parliament over Chester investigation, says Liberal senator : http://go-ri.tr.com/TQmSxc Opinion: ASIC in government's crosshairs as chair apologises for outburst, Senate wants change: http://go-ri.tr.com/sEqYZd Regulatory Insight: Top ten risks for the Asia-Pacific region in 2014: http://go-ri.tr.com/OLUaA3 Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.

L'Australian Securities and Investments Commission (ASIC) per la prima volta ha avanzato l'accusa di “green washing” — un termine che indica come certe imprese fingono di essere particolarmente attente all'ambiente per poi trarne beneficio.

On today's show John Adams discusses the upcoming inquiries into the Australian corporate regulator, the Australian Securities and Investments Commission (ASIC) and financial crimes which must be exposed. GUEST OVERVIEW: John Adams is an independent economic analyst and commentator having written on economic, political, cultural and public policy matters for a variety of news outlets including news.com.au, the Daily Telegraph, the Spectator Australia, the Canberra Times and the Australian Business Executive Among John's various current roles, John is the Chief Economist at As Good As Gold Australia, an Adelaide based gold and silver dealership, where he regularly contributes fresh insights and analysis on the Australian and global economy. John has appeared on various radio and TV platforms including on the ABC and currently appears with Martin North on the Digital Finance Analytics Show which is broadcasted via YouTube. John has had a diverse career to date which includes being a former economic advisor to Liberal Senator Arthur Sinodinos, a management consultant with a big four accounting firm, a public servant working for various Commonwealth and NSW Government Departments and agencies as well as a corporate director for several not-for-profit organizations. ​John is a qualified economist with an economic bachelor's degrees from the University of New South Wales and an economics honours degree from the University of Wollongong. John also holds corporate governance qualifications from the Australian Institute of Company Directors and the Governance Institute as well as project management via Prince 2 certification. John is an avid chess player and in 2015 represented the Australian Chess Federation at the London Chess Conference presenting on Chess in the 21st Century Economy.

In recent decades behavioural economics has emerged as a significant field in its own right. With a history going back almost a century and incorporating insights from Nobel prize winners such as Herbert Simon, Daniel Kahneman and Richard Thaler, behavioural economics seems to promise a meaningful alternative to the assumptions of rational human behaviour which underpin classical economics. Yet what really is behavioural economics? And more importantly what are the challenges which now appear likely to undermine behavioural economics seemingly inexorable progress rise to the top of the academic standings? To discuss this I am delighted to be joined by Dr Jason Collins of University of Technology Sydney. Dr Jason Collins is a Senior Lecturer in the Economics Discipline Group at University of Technology Sydney and Program Director for the Graduate Certificate and Master of Behavioural Economics. Jason joined UTS in January 2022 following a career in industry and government. Jason co-founded and led PwC Australia's behavioural economics practice, and built and led data science and consumer insights teams at the Australian Securities and Investments Commission (ASIC). He has also worked as a lawyer, environmental campaigner, and an economic policy adviser with the Australian Treasury Jason holds a Ph.D. from the University of Western Australia in which his research focussed on the intersection of economics and evolutionary biology. Jason blogs regularly at Jason https://www.jasoncollins.blog/ and you can find out more about his thoughts on biases and behavioural economics in this article: https://www.worksinprogress.co/issue/biases-the-wrong-model/

On this episode: We are joined by Rebecca Lloyd from Fair Business Australia. Rebecca focuses on the Director ID that has been mandated by the Australian Securities & Investments Commission (ASIC). Directors are required to comply by November 30, 2022 or face at least a $13,200 fine. Rebecca has been a loud voice against the Director ID and is standing up for Directors who feel uncomfortable with the new directions. She also discusses the role of Fair Business Australia and how it can support small business. She also touches on Join The Conversation, which she is also a part of. This is an interview not to be missed. If you are interested in being a part of Fair Business Australia's stance against the Director ID – submit your details at the following link - https://bit.ly/director_ID Follow Rebecca at: https://www.fairbusinessaustralia.com.au/ https://www.jointheconversation.net.au/ https://www.facebook.com/FairBusinessAustraliaDirectory https://www.instagram.com/FairBusinessAustralia Hosted by: · Adam Zahra - One Nation candidate for Macarthur https://www.facebook.com/AdamZahra.PHON https://www.instagram.com/zahra4campbelltown · Steven Tripp - One Nation candidate for Warringah https://www.facebook.com/ExCandidate.Steven https://www.instagram.com/excandidates Follow us on: Facebook: https://www.facebook.com/ExCandidates Instagram: https://www.instagram.com/excandidates Twitter: https://twitter.com/ExCandidates Gab: https://gab.com/ExCandidates Gettr: https://gettr.com/user/excandidates Spotify: https://open.spotify.com/show/4GIXhHBogM1McL5EPGP3DT YouTube: https://www.youtube.com/@excandidates Rumble: https://rumble.com/user/ExCandidates Apple Podcasts: https://podcasts.apple.com/us/podcast/the-ex-candidates/id1631685864 Please share and spread the word!

BREAKING NEWS The Australian Securities and Investments Commission (ASIC) has suspended the license of the Australian unit of FTX allowing the platform to provide limited financial services related to the termination of existing derivatives with clients. Link here #FINTECHREPORT Check out Frollo's report on the State of Open Banking in Australia. The report is a deep-dive into the actual usage of CDR Access Models, and a look ahead into the future of the Consumer Data Right. Link here INSIGHTS Visa brings face payments and instantly-issued prepaid cards with animated art to the World Cup and has installed 5300 contactless-enabled payment terminals at official venues. Link here Mastercard extends inclusive card options across Europe, by expanding its “True Name” feature, which is particularly important for transgender and non-binary people as it allows them to personalize the name they want on their card. Link here Mexican customers switch from traditional banks to fintechs searching for better and flexible services, although many maintain a traditional bank account, and while fintechs' role in the country is growing, penetration remains slow, according to a number of reports. Link here

When you move in with a partner, how to manage your finances for household bills and spending money is a really important conversation to have, but it can be very difficult. Where do you stand on joint versus separate finances? Do you have one bank account where all your money goes in and out? Do you keep all of your dollars separate and transfer between you as and when needed? Or perhaps a combination of both? The Quicky speaks to two financial experts to consider what the options are, how they can impact your long term financial situation, and what happens if your relationship breaks down. If you're separating from a partner, MoneySmart has a checklist to help you organise your finances after a break-up. Subscribe to Mamamia GET IN TOUCH Feedback? We're listening! Call the pod phone on 02 8999 9386 or email us at podcast@mamamia.com.au CONTACT US Got a topic you'd like us to cover? Send us an email at thequicky@mamamia.com.au CREDITS  Host: Claire Murphy With thanks to: Laura Higgins - Senior Executive Leader, Consumer Insights and Communications at the Australian Securities and Investments Commission (ASIC), and oversees the Moneysmart platform Moo Baulch - Strategic advisor on the development of Next Chapter, Commbank's financial abuse program, and Director of Primary Prevention at the Women's & Girls'​ Emergency Centre Outlouders - Thank you to everyone who shared their thoughts on joint versus separate finances for this episode Producer: Claire Murphy Executive Producer: Siobhán Moran-McFarlane Audio Producer: Jacob Round Subscribe to The Quicky at...https://mamamia.com.au/the-quicky/ Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading our articles or listening to our podcasts, you're helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We're currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.au Support the show: https://www.mamamia.com.au/mplus/ See omnystudio.com/listener for privacy information.

The Australian Securities and Investments Commission (ASIC) has issued new warnings to financial influencers. This was contained in its Information Sheet, highlighting what influencers and companies hiring them should be aware of. While there's no specific mention of cryptocurrency, these rules will most likely apply to the crypto industry. ASIC issues warning to financial influencers The rule appears to target the promotion of unlicensed financial services, something that crypto services fall under. In a warning directed at financial influencers who are unsure of whether the brand violates the law, ASIC states, “Think about your content carefully and whether you are providing unlicensed financial services.” The new information sheet says that influencers may need a license to give financial advice. The penalties for breaking the rules appear severe as companies could get up to 5 million dollars in fines while individuals could get as much as five years imprisonment. The rules come amidst new efforts by regulators to protect consumers in the country. In recent weeks, several Australians have fallen victim to targeted crypto scams. Regulators have also doubled down on their effort to prevent and recently filed legal actions against Meta for not preventing the promotion of crypto scams on its platforms. Influencers have a hold over youths Influencers have attained a prominent role in the new economy, necessitating licensing. A 2021 ASIC survey estimated that 33% of citizens between 18 and 21 follow financial influencers. It also discovered that 64% of young people in the country modified their behavior because of an influencer. Based on this, ASIC believes it's important to regulate the sector. ASIC Commissioner Cathie Armour stated that Influencers who discuss financial products and services online must comply with the financial services laws. If they don't, they risk substantial penalties and put investors at risk. What actually qualifies as influencing? However, there are questions as to what qualifies as influencing. ASIC's explanation suggests that influencing has to do with recommending rather than just stating facts. Modify old content / minimise investing discussion / not mention any financial products, funds etc. Some may choose to close up shop, I know one who is, while others will prob continue for enjoyment in a limited capacity. Sad situation for free speech. Dave Gow | Strong Money Australia (@strongmoneyaus) April 2, 2022 But Financial blogger Dave Gow who runs Strong Money Grow, wrote that Writing almost anything could influence someone to invest or use any financial product. Some believe that these rules shouldn't apply to crypto. One of them is Senator Andrew Bragg, who said that ASIC's current policy applies the law to crypto to the extent that digital assets fall within the definition of a financial product. Crypto is currently unregulated and not a financial product. I believe we can do more. This statement echoes the general call for more regulatory clarity on crypto in the country. Authorities appear to be working on that presently though nothing is concrete yet.

Episode 83 is about the story of Melissa Caddick.  She's an Australian financial advisor who promised her friends and family heaps and heaps of cash.  Until one day under the suspicion of the Australian Securities and Investments Commission (ASIC) went missing.  Was she abducted?  Was she murdered?  Was it suicide or is she still alive? 

Russia's Ukraine war and the looming global food crisis Australian consumer confidence has plummeted 4.8% with continued rapid increases in petrol prices seeing inflation expectations rise to 6.0%'The strength of Australia's post-pandemic economic recovery will bring a $30 billion improvement to the budget bottom line this year, but whoever wins the federal election in May will face 15 years of deficits and the need to find savings of $40 billion a year in the next few years.Grattan Institute Report on Australian government using public funds to try to influence elections in marginal seatsThe Australian Securities and Investments Commission (ASIC) is cracking down on influencers who spread "misleading or deceptive" info.Follow my socials on: https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.

If you didn't grow up surrounded by financial whizzes, investing and the whole concept of the sharemarket can feel really daunting and probably something that's only for people who are already super rich. But that is not the case; anyone can be an investor and you don't need a lot of cash to get started.  In this episode of The Quicky we speak to two very money-smart women about the practical steps you need to take to increase your wealth in 2022 and beyond, and how to avoid common mistakes often made by first-time investors. CREDITS  Host: Claire Murphy With thanks to:  Melissa Browne - Financial expert, author and host of Mamamia's What The Finance Podcast. You can find out more about Melissa's Financial Adulting Plan here Laura Higgins - Senior Executive Leader, Consumer Insights and Communications at the Australian Securities and Investments Commission (ASIC), and oversees the Moneysmart platform, a Federal Government website that helps Australians take control of their money and build a better life with free tools, tips and guidance. If you want to check out some of the financial and investment platforms mentioned in this episode, you can follow the links below. Please note we are not endorsing or advocating for any of these and you should always seek your own professional financial advice. Moneysmart's guide to understanding Exchange Traded Funds (ETFs) ASX Sharemarket Game - Allows you to learn about the Australian sharemarket and how it works without investing any real money Pearler - Offers investments, savings, loans and insurance from multiple providers Spaceship - Low-cost investment app RAIZ - Investment app that rounds up change from everyday purchases to invest in a diversified portfolio SelfWealth - A flat fee brokerage service Producer: Claire Murphy Executive Producer: Siobhán Moran-McFarlane Audio Producer: Ian Camilleri Subscribe to The Quicky at... https://mamamia.com.au/the-quicky/ CONTACT US Got a topic you'd like us to cover? Send us an email at thequicky@mamamia.com.au GET IN TOUCH: Feedback? We're listening! Call the pod phone on 02 8999 9386 or email us at podcast@mamamia.com.au Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading or listening to our content, you're helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We're currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.au  Support the show: https://www.mamamia.com.au/mplus/ See omnystudio.com/listener for privacy information.

We have achieved significant victories in our war to clean up rampant financial corruption in Australia. By fighting for justice for the elderly victims of the Sterling First scam a Senate Inquiry is now scheduled for Dec 1 into the affair. On the hot seat in the Inquiry will be the Australian Securities and Investments Commission (ASIC). Presented here is the case of Sterling First, a scam which targeted elderly victims by promising them that they would have their rent paid for the rest of their lives in exchange for a fixed amount. They were told their money was being put into a trust that would pay the rent. In fact, they were duped into putting their life savings into a convoluted managed investment scheme. When Sterling collapsed in 2019, 140 elderly victims lost everything, and many now face eviction from their homes. What you can do: Sign the Citizens Party Petition to create an Australia Post Bank!: https://info.citizensparty.org.au/auspost-bank-petition Download the Commonwealth Postal Savings Bank Resolution and mobilise local councils and other institutions!: https://citizensparty.org.au/sites/default/files/2021-06/Unite-Australia-in-support-of-the-Commonwealth-Postal-Savings-Bank.pdf

Hear the story of Melissa Caddick, a Sydney con investor who swindled over 60 clients out of $25 million in life savings from 2009 to 2020. Details of this intriguing story started unfolding when police reported that an Australian mother and business woman disappeared without a trace on the 12th of November, 2020. It was just one day after the Australian Securities and Investments Commission (ASIC) and police agents raided her home. Melissa ran a boutique financial advisory firm called Maliver Pty Limited. Allegations facing the Sydney con investor The authorities suspect Melissa of signing on clients to manage their investments but instead transferring the cash to her personal bank accounts to fund her lavish lifestyle. Additionally, they suspect that she falsified documents that made it appear to her clients like she had built them lucrative portfolios. The ASIC alleged that the Sydney con investor had stolen over tens of millions of dollars in invested funds from at least 60 clients, including many of her family and friends. Consequently, the corporate watchdog banned her from leaving the country, selling assets, or sending money off-shore. It's unclear exactly how much money her clients gave her. But federal court documents show that between January 2018 and September 2020, more than $20 million was withdrawn from Melissa's direct investment account. The ASIC outlined a range of allegations, including the misuse of investors' money to make mortgage repayments, buy jewelry, and other luxury goods. Victims' testimonies and local media reports alleged she had been living a lavish lifestyle, including taking overseas holidays and buying expensive clothes and jewelry.  

Last year, Santa...ahem...the Australian Securities and Investments Commission (ASIC) have left revised the RG 274 under the tree. How's your product design and distribution compliance? Revised Regulatory Guide: https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-274-product-design-and-distribution-obligations/

Materi kali ini akan review aplikasi eToro yang memang bisa buat bantu kalian para investor pemula yang mau investasi di saham luar negeri. Banyak banget saham global yang bagus tapi kadang kita gak paham gimana cara beli saham google, apple, amazon, mcdonals, facebook, tesla, nike, adidas? Padahal harga saham nya aja udah mahal banget. Jadi kita akan kasih tutorial untuk beli saham luar negeri, tentunya dengan modal yang sangat minim karna dikhususkan untuk kalian para pemula yang baru mau belajar investasi saham. Daftar : Via Website : https://etoro.tw/3hSoI2l Via Playstore : https://etoro.tw/31fasuC Via App Store : https://etoro.tw/2Bv9fVl Location : Markah Food & Coffee House, Jakarta Selatan #eToro #Saham #Google #Facebook ----------------------------------------------------------------------- Business Inquiries : Fintalk.info@gmail.com Catch Us : Spotify Youtube Instagram @fintalk.official / @finandaRP ----------------------------------------------------------------------- Disclaimer: eToro AUS Capital Pty Ltd. is a company authorized by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services License 491139. Risk warning: eToro AUS Capital Pty Ltd. (ABN 66 612 791 803) makes no recommendations regarding financial information and related information and your personal goals, financial situation and needs. Therefore, you should consider whether these products are appropriate in view of your objectives. The financial situation and needs as well as considering related risks with those products. It is also important to note that past performance of financial performance. ----------------------------------------------------------------------------------------------------------------------------------------------------------

  Elizabeth went hunting for financial information relevant to the Covid 19 era and unexpectedly found Moneysmart a subsidiary of the of Australian Securities & Investments Commission (ASIC) and Senior Executive Leader, Financial Capability Laura […] http://media.rawvoice.com/joy_gotmoney/p/joy.org.au/gotmoney/wp-content/uploads/sites/343/2020/04/Got-Money-2020-Laura-Higgins-Moneysmart-V3.mp3 Podcast: Play in new window | Download (Duration: 22:58 — 29.3MB) Subscribe or Follow Us: Apple Podcasts | Android | Google Podcasts | Spotify | RSS The post #Got Money: MoneySmart – the Place to Start appeared first on #gotmoney?.

Welcome to Finance and Fury, The Say What Wednesday edition This week the question from Jayden – Are CBA and other bank shares a good investment for dividends at the moment? Based around current price and un-updated yields – Based around prices and assuming dividends will continue to be the same – might say yes – end of the episode – thanks for listening – but wait - is there something else going on? Start with Some Banks are close to their post GFC prices – ex CBA – does this mean they are a good time to buy? Few things happening – The Council of Financial Regulation - (the Council) is the coordinating body for Australia's main financial regulatory agencies. There are four members: the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC), the Australian Treasury and the Reserve Bank of Australia (RBA) RBA – Governor chairs the Council and the RBA provides secretariat support. It is a non-statutory body, without regulatory or policy decision-making powers Objectives are to promote stability of the Australian financial system and support effective and efficient regulation by Australia's financial regulatory agencies. But they all have their part to play in controlling the financial system – in particular, APRA, RBA, and Treasury Recent developments – QE - RBA is ready to purchase Aus Government bonds in the secondary market Between three entities – Super funds controlled by APRA, RBA who is doing the buying, and Treasury who is doing the selling of the bonds to the super funds on the primary markets Repo Market – RBA also conducting one month and three month repo operations in the daily market – until further notice Additional Repo market – conduct repo operations of six-months maturity or longer at least weekly, as long as market conditions warrant Statement - APRA is ensuring banking institutions pre-position themselves to take advantage of the RBA's supportive measures Forcing banks to enter the repo agreements of exchanging their treasury notes for the injection of liquidity Why? They say they are wanting to support the smooth functioning of that market, which is a key pricing benchmark for the Australian financial system. The Reserve Bank and the AOFM - The Australian Office of Financial Management is a part of the Department of the Treasury. It manages the Australian Government's net debt portfolio - are in close liaison in monitoring market conditions and supporting the continued functioning of the market. Statements - Australia's financial system is resilient and it is well placed to deal with the effects of COVID-19. The banking system is well capitalised and is in a strong liquidity position. Substantial financial buffers are available to be drawn down if required to support the economy. The RBA is trying to support the liquidity of the system – this is where repos come into it – giving the banks and financial system enough cash to survive As part of this support it will be conducting one-month and three-month repurchase (repo) operations until further notice. In addition, it will. The Australian Prudential Regulation Authority. But the Government are the ones creating disruption to the whole economy – When they shut everything down and nothing happens – they will turn around and pat themselves on the back saying ‘good job’ we saved lives – whilst destroying livelihoods and further enshrining an autocratic financial system Interesting statements – “APRA and ASIC will take account of the circumstances in which lenders, acting reasonably, are currently operating during the prevailing circumstances when administering their respective laws and regulations. Both agencies also stand ready to deal with problems firms may encounter in complying with the law due to the impact of COVID-19 through a facilitative and constructive approach. In particular, each agency will, where warranted, provide relief or waivers from regulatory requirements. This includes requirements on listed companies associated with secondary capital raisings, annual general meetings, and audits. ASIC will also work with financial institutions to further accelerate the payment of outstanding remediation to customers as soon as possible. Second Capital Raisings – The ability of companies to raise equity capital in the virtual absence of alternative debt issuance or bank funding Is seen as an important safety valve that enables companies to reduce debt exposure and shore up balance sheets Something deeper is going on – A shortage of Dollars and funding mechanisms for the financial system – requiring the liquidity injections – all because the World has been hit with Margin Calls - $12 trillion – banking system is fragile Go back to 2009 - Fed's emergency response during the GFC - which included credit facilities backed by corporate bonds and even shares - all the way to unlimited FX swap lines with foreign central banks – all of this was in response to a massive margin call that resulted in the aftermath of the Lehman and AIG collapse – as the conventional cross-border funding pathways froze up Therefore – this forced Central banks like the Fed to step in and flood the world with dollars to avoid a catastrophic surge in the dollar as the entire world scrambled to obtain the world's reserve currency. Post GFC - the BIS published a paper titled "The US dollar shortage in global banking and the international policy response" – explains how the then Chair Ben Bernanke bailed out the entire developed world’s financial system – due to facing the dollar shortage crisis due to the sudden deflationary shockwave unleashed by the GFC – At the same time - ground the global economy, and conventional dollar funding pathways to a halt While at the same time reached all-time highs in the counterparty risk after Lehman's collapse and liquidity concerns compromised short-term interbank funding – short term loans to each of the banks – as banks didn’t trust each other – no longer would provide the contracts – why the repo market is so fragile at the moment – needing central banks to provide the funding instead of other commercial banks Wasn’t just USA – Aus and EU as well - the major European banks’ US dollar funding gap had reached $1.0–1.2 trillion by mid-2007 – but all liabilities to non-banks were estimated to be $6.5 trillion Essentially - an unprecedented crisis as a result of a global dollar margin call Had the Fed not stepped in with a barrage of liquidity-providing instruments and facilities, the rest of the world would have simply collapsed as the $6.5 trillion dollar funding gap closed in on itself - this triggered the first-ever launch of virtually unlimited dollar swap lines between the Fed and all other central banks – therefore the severity of the US dollar shortage among banks outside the United States, like Aus banks, called for an international policy response. Remember – central banks can provide their own currency – but they could not provide sufficient US dollar liquidity – which acts as the global currency reserve Requires reciprocal currency arrangements (swap lines) with the Federal Reserve in order to channel US dollars to banks in their respective jurisdictions – therefore as the funding disruptions spread to banks around the world, swap arrangements were extended across continents to central banks in Australia and New Zealand, Scandinavia, and several countries in Asia and Latin America, forming a global network The swap lines between the US Fed and RBA are there – along with the Reserve bank of NZ and every other major banks Remember – ever since the financial crisis nothing has been actually fixed in the structural issues of the financial system - instead, the Fed and now other central banks inject more liquidity every time the system gets stressed – like now But all done through the issuance of even more debt, and kicking the can down the road whilst masking the symptoms of the crisis This liquidity upon liquidity has only made the system much more reliant on the Fed's constant bailouts and liquidity injections. This can be seen by the events over the last few week - the dollar shortage is back with a vengeance, as confirmed by last week's concurrent surge in both the Bloomberg Dollar index and the FRA/OIS spread – used as an indicator of interbank dollar funding availability. As it stands - there is now - in JPMorgan's calculations - a global dollar short that has doubled since the financial crisis and was $12 trillion as of this moment, some 60% of US GDP Enter the Government responses to the novel coronavirus and subsequent oil crisis - has led to a historic run on the dollar – so the supply chains is a payment chain in reverse - an abrupt halt in production and economic output created by Governments extreme overreaction can quickly lead to missed payments elsewhere – multiplier effect – this is why we are seeing the combine rate cuts with open liquidity lines through Repo and QE and a pledge to use the swap lines   So the financial system is fragile – and the flow on effects from Governments are unknown at this stage – so Looking directly at Big 4 ASX listed banks– Fundamentals at this stage and Capital raisings – shares listed   Looking at the bank shares – their prices and Shares issued -   Price Pre GFC Post GFC Price 1 month ago Price Today Yields PE Outstanding shares growth CBA $60.00 $26.79 $88.80 $67.87 6.37% 12.28 14.16% ANZ $30.39 $12.06 $27.24 $18.39 8.70% 8.63 10.76% WBC $29.00 $14.52 $25.21 $17.54 9.97% 9.21 15.32% NAB $40.52 $17.67 $27.41 $17.45 9.51% 10.03 32.91% Revenues - Might be further rate cuts – Banks businesses rely on lending – and as lending rates drop – so does their ability to generate a return Though many in the markets spent much of last year focusing on how lower interest rates would impact bank profitability, that problem seems somewhat less pronounced in the current environment of panic and future default potentials The Net interest margins – (interest income to interest paid out, as there isn't anything paid out) – therefore this pressure may be overstated – the real threat to banks comes from the asset quality (loans) from a slowing global economy - bad debt charge forecasts for each of the major banks have been increased by $300M p.a. Real issues comes from bad debts For example- WBC - increased their bad debt charge forecasts to $1,200 million – across FY20 and FY21. ANZ - increased by $300M to be $1150M for FY20 and $1200M for FY21 Why you are seeing the Banks with Hold ratings on NAB, WBC and ANZ – CBA has Buy across a few brokers CBA is better positioned than the other big four to mitigate the impact of lower interest rates (even if its impact is overstated), a fact that potentially explains why the biggest of the big four has traded at a premium to the other banks in the last 14 months   Summary – Assumptions around buying Long term – If the central banks can provide enough liquidity and that defaults on loans don’t become prevalent – yes – banks should recover in prices Dividends – may have to cut from here – but still technically a good dividend payment even if a 30% drop – down to 7% FF in a lot of cases I view bank shares as good-paying Term Deposits with Franking credits – don’t view them as good long term growth companies – competitive markets But the prices from here – depending on the central banks kicking the can down the road – do have the ability to drop in further panic Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/  

In our third episode of ROCPod: Talking with the Registered Organisations Commission,  the Registered Organisations Commissioner Mark Bielecki reflects on his experiences of working for a conduct regulator, in a previous role with the Australian Securities and Investments Commission (ASIC) and his current leadership at the ROC. Commissioner Bielecki discusses the future direction of the ROC and shares with us his goals for the remainder of his appointment.

In this podcast, Ilana Singer, Chair of the Securities Advisory Board, Toronto Centre interviews Oliver Harvey, Chief Supervisory Officer, Australian Securities and Investments Commission (ASIC).The Australian Securities Exchange (ASX) is one of the world’s leading financial market exchanges, offering numerous services, including listings, trading, clearing and settlement. The ASX is in the process of incorporating distributed ledger technology into its clearing and settlement system. In this podcast, we have the opportunity to hear from Oliver Harvey about the regulator’s perspective on overseeing the overhaul of the technological underpinnings at one of the world’s leading exchanges.

Adele Ferguson, the celebrated journalist who many credit as the driving force behind the banking royal commission, says that the commission 'didn't go anywhere near far enough.' KYM SMITH/AAPToday on Media Files, it’s journalism versus the big banks. We’re hearing from Adele Ferguson, the celebrated journalist who many credit as the driving force behind the banking royal commission. Adele Ferguson is a reporter with the Sydney Morning Herald and the Age and a columnist for the Australian Financial Review. Over many years, her reporting has exposed the way financial institutions have flouted the rules and how regulators like the Australian Securities and Investments Commission (ASIC) have consistently failed to hold financial institutions to account. New to podcasts? Podcasts are often best enjoyed using a podcast app. All iPhones come with the Apple Podcasts app already installed, or you may want to listen and subscribe on another app such as Pocket Casts (click here to listen to Media Files on Pocket Casts). You can also hear us on any of the apps below. Just pick a service from one of those listed below and click on the icon to find Media Files. Additional credits Producers: Andy Hazel and Gavin Nebauer Theme music: Susie Wilkins. Image KYM SMITH/AAP The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Matthew Abbott, Senior Executive Leader – Corporate Affairs. Matthew is head of media, government relations, internal communications, publications and the internet at the Australian Securities and Investments Commission (ASIC). Before joining ASIC in 2010, Matthew was a director of a public affairs consultancy, held a senior corporate affairs role with global shopping centre company, the Westfield Group, been an adviser to Joe Hockey in the Howard Government and worked for several NSW Liberal leaders. He has also worked as a financial journalist in the United Kingdom and started his career as a staff reporter with the Australian Financial Review. Matthew has a Bachelor of Commerce (UNSW) and a Master of Public Affairs (Sydney University). He also lectures on media and political campaigning in a masters program at Sydney University. Discussed in todays episode: Influencing behavior from a corporate affairs position How self-sufficient regulators are regarding media and communications output Measuring communications progress towards a strategic objective How is the regulatory communications environment is changing The shared challenges amongst regulatory communicators Managing the media spotlight on the Royal Banking Commission The right stories to tell Advice for government communicators Hosted on Acast. See acast.com/privacy for more information.

Matthew Abbott, Senior Executive Leader – Corporate Affairs. Matthew is head of media, government relations, internal communications, publications and the internet at the Australian Securities and Investments Commission (ASIC). Before joining ASIC in 2010, Matthew was a director of a public affairs consultancy, held a senior corporate affairs role with global shopping centre company, the Westfield Group, been an adviser to Joe Hockey in the Howard Government and worked for several NSW Liberal leaders. He has also worked as a financial journalist in the United Kingdom and started his career as a staff reporter with the Australian Financial Review. Matthew has a Bachelor of Commerce (UNSW) and a Master of Public Affairs (Sydney University). He also lectures on media and political campaigning in a masters program at Sydney University. Discussed in todays episode: Influencing behavior from a corporate affairs position How self-sufficient regulators are regarding media and communications output Measuring communications progress towards a strategic objective How is the regulatory communications environment is changing The shared challenges amongst regulatory communicators Managing the media spotlight on the Royal Banking Commission The right stories to tell Advice for government communicators

On this episode, we dive further into our collaboration with History Lab on the first deposit into Australia’s oldest bank by asking- Why do we trust banks? We speak with Harry Scheule, Professor of finance, about how and why banks operate on trust and how that has changed since the Royal Commission into banking. Harry is a member of the Retail Banking Council of FINSIA and occasional advisor to the financial service industry including banks, banking regulators and government.Further Reading:More information on Harry’s research can be found on the UTS websiteThe Australian Securities and Investments Commission (ASIC) enforce and regulate company and financial services laws to protect Australian consumers, investors and creditorsAustralian Prudential Regulation Authority (APRA) promotes prudent behaviour with the key aim of protecting the interests of depositors, policyholders and superannuation fund members.The Reserve Bank of Australia seeks to foster financial system stability and promotes the safety and efficiency of the payments system.The Murray Inquiry Report Music: Teddy Bergström, Henrik Neesgaard, Gunnar Johnsén and Anders Ekengren

In todays episode we are going to cover 1) Coinbase Disputes Claims in New York Attorney General's Exchange Report 2) Brazil Moves to Probe Banks After Crypto Exchanges Denied Services 3) Poland’s Top Bank to Launch Blockchain Platform for Document Management Within ‘Days’ 4) Australian financial watchdog, the Australian Securities and Investments Commission (ASIC), has issued a warning 5) US Lawmakers Say IRS Too Focused on Enforcement, Should Provide Clarity for Crypto Taxation 6) Major Russian Banks Highly Interested in ‘Working With Crypto 7) ETF approval update 8) Streaming Platform for Gamers Starts Public Beta Testing of Its Own Blockchain 9) UN Women to Use Blockchain Technology in Refugee Work Program in Jordan 10) International Anti-Money Laundering Standards for Crypto Expected in October and much much more ..................

This week in Crypto Watch, Alan Kohler spoke to John Price, a Commissioner of the Australian Securities and Investments Commission (ASIC) about cryptocurrencies, initial coin offerings (ICOs), and whether they are securities or something else.

ASIC hopes it will lure fintech startups from Australia and Singapore to its innovation program. www.shutterstock.comThe Australian Securities and Investments Commission (ASIC) is working with its regulatory counterpart, the Monetary Authority of Singapore (MAS), to attract financial technology (fintech) startups by offering them a deal. ASIC and MAS will offer fintech startups from both countries a chance to be a part of a “sandbox.” This is a safe space where the regulators waive some of the usual harsh penalties for mistakes, in exchange for learning more about what regulations are needed to keep up with this fast developing area of the digital economy. This deal comes as questions are raised about the security of the using technology like the Blockchain in finance, which is yet to fall under international standards. The risks are clear but will ASIC’s collaboration bring rewards?