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Keynote Address At Group Of 100 Dinner - Keynote Address By John Price, Commissioner, Australian Securities And Investments Commission At The G100 Dinner, (Melbourne, Australia) 26 February 2019

Date 26/02/2019

Introduction

Thank you for that introduction and for the chance to speak here today.

I have been asked tonight to give an update on some impressions of:

• The Financial Services Royal Commission final report
• Issues for listed companies arising out of the recent AGM season and our expectations around financial reporting, and
• Some of the regulatory issues developing overseas and their potential impact in Australia

New Zealand's Financial Markets Authority: The Ingredients For Successful KiwiSaver Communications

Date 26/02/2019

The results of a second FMA, MBIE and industry trial demonstrates using communications based on behavioural insights encourages KiwiSaver members to make an active choice about their investment. The report, “Using behavioural insights to improve KiwiSaver outcomes” was published today.

The Financial Services Royal Commission And Other Emerging Issues Relating To The General Insurance Industry From An ASIC Perspective - Keynote Address By ASIC Commissioner Sean Hughes At The Insurance Council Of Australia Annual Forum 2019, Hilton Sydney, 27 February 2019

Date 26/02/2019

Introduction

Thank you for inviting me to speak at your annual forum today. As Rob has just indicated, today is an important opportunity to discuss and reflect on the findings and recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (or the ‘Financial Services Royal Commission’ as it is more commonly known). I would like to consider what these findings and recommendations mean for both the providers of insurance and your customers, with a focus on rebuilding trust.

SEC: Brent J. Fields Named Associate Director In The Division Of Investment Management

Date 26/02/2019

The Securities and Exchange Commission today announced that Brent J. Fields has been named Associate Director of Disclosure Review and Accounting in the Division of Investment Management.

U.S. House Committee On Financial Services: Waters Holds Credit Bureaus Accountable

Date 26/02/2019

Today, at a full Committee hearing entitled, “Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System,” Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee gave the following statement.

European Council - Council of the European Union: Investment Firms - Presidency And Parliament Agree On A New Regulatory And Supervision Framework

Date 26/02/2019

The EU will soon have in place a dedicated regulatory framework for investment firms.

SEC Names Vanessa Countryman Acting Secretary

Date 26/02/2019

The Securities and Exchange Commission today announced that Vanessa Countryman has been named Acting Secretary.  Ms. Countryman will replace Brent Fields, who is stepping down as Secretary effective March 11, 2019, to accept a position in the Commission's Division of Investment Management.

CFTC Commitments Of Traders Reports Update

Date 26/02/2019

The current reports for the week of February 26, 2019 are now available.

U.S. Justice Department Rapatriates Forfeited Funds To The Government Of The Kyrgyz Republic

Date 26/02/2019

The U.S. Department of Justice repatriated stolen assets to the Government of the Kyrgyz Republic arising from the corruption and theft of government funds by the prior regime of Kurmanbek Bakiyev and his son Maxim Bakiyev.  The return of the funds was celebrated yesterday in a ceremony in Bishkek, Kyrgyz Republic attended by Ambassador Alice G. Wells, the head of the Bureau of South and Central Asian Affairs for the Department of State and U.S. Ambassador to the Kyrgyz Republic, Donald Lu.   

SEC Halts South Florida Alternative Investments Scheme Targeting Retail Investors

Date 26/02/2019

The Securities and Exchange Commission today announced fraud charges and an asset freeze against the operators of a South Florida-based investment fund scheme, one of whom has a prior felony conviction and is on parole after nearly 20 years in prison.