Tag: ASIC

ASIC puts $6m to new innovation

Posted on   |  by James Riley
The Australian Securities and Investment Commission has revealed that it has set aside $6 million over two years to develop financial regulation technology (RegTech), including collaboration with industry on...

ASIC seeks new RegTech resources

Posted on   |  by James Riley
Ahead of next week’s budget, Australian Securities and Investments Commission (ASIC) commissioner John Price has suggested that in order for it to effectively regulate Australia’s emerging RegTech and FinTech...

First crowdfund licences granted

Posted on   |  by James Riley
Even though the Australian government failed to pass amendments to the equity crowd source funding (CSF) regime before the end of last year, the Australian Securities and Investments Commission...

Consumers blast new sandbox rules

Posted on   |  by James Riley
Australian consumer groups are “extremely concerned” with proposed changes to the regulatory sandbox, while the country’s leading FinTech body is urging the government to take the concept even further....

Australia, China: new FinTech BFFs

Posted on   |  by James Riley
Financial services industry regulators in Australia and China have signed an information sharing agreement that aims to “promote innovation in financial services in their respective markets”. The Australian Securities...

Medcraft warns on cyber black swan

Posted on   |  by James Riley
Cyber security will likely trigger corporate Australia’s next big black swan event according to outgoing ASIC chairman, Greg Medcraft. It’s a key risk that the Australian Securities and Investment...

Welcome to The Establishment

Posted on   |  by James Riley
When we think about innovation there is a temptation to focus on the bright, the shiny, and the new. Startups fascinate us because they go boldly where no-one has...

ASIC unveils new ICO guidelines

Posted on   |  by James Riley
The corporate regulator has released its first set of guidelines for ICOs – or Initial Coin Offerings – detailing how the ‘Wild West’ of startup capital raising is to...

ASIC fires cyber warning shots

Posted on   |  by Stuart Kennedy
ASIC Commissioner John Price has read the riot act, albeit civilly, to both companies and insurers over the need for boards of the former to get their cyber resilience...