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'Name names', banking royal commission tells ASIC bossASIC boss James Shipton cops a grilling at the banking royal commission, with the corporate watchdog questioned over its propensity to leave company names out of its reports. the heads of ASIC and the heads of the big banks have colluded....you can hear it in his testimony. they have now been caught and are in serious trouble Look, instead of useless Witch Hunts, Give the Pensioners, thousands of them a pension increase and free public transport IMMEDIATELY, PUT OUT A MINI BUDGET AND DO IT MORISON, JOSH F. OR PENSIONERS VOTE THIS MOB OUT STATE AND FEDERAL, NO GOODERS ENOUGH
Source: abcnews - 🏆 5. / 83 Read more »
'What do we have to lose': soft touch ASIC laid bare at commissionASIC's attempts to paint itself as a tough cop on the beat has been dismantled by an internal email showing senior staff pushing against prosecutions BankingRC A Free market only works with appropriate, balanced and streamlined regulation that benefits both business and consumer. The gutting of ASIC and ACCC and Fair Work have led to Recalcitrant Banks, Unethical business and belligerent unions. We need to restore balance! Auspol Its called 'white anting' and its deliberate. Find the agents and get them out. It won't be difficult. useless toothless tiger ASIC staffs r hoping to get jobs in law firms or corps they police
Source: smh - 🏆 6. / 80 Read more »
CBA the first bank to have ASIC staff embedded inside its officesFrom Monday, senior staff from the corporate watchdog will begin working inside the bank as part of a program to step up supervision of the Big Four and AMP. sdanck What's the bet that after 6 months they resign from asic to join cbas regulatory team sdanck shame the same cant be applied to the big 4 accounting firms MichaelWestBiz
Source: smh - 🏆 6. / 80 Read more »
ASIC wants to be top cop on super beatThe corporate cop would take the lead in policing conduct in the $2.8 trillion superannuation sector under a proposed shake-up by the country's two top financial regulators.
Source: smh - 🏆 6. / 80 Read more »
ASIC hamstrung by embedded culture of timidity: Adele FergusonAward-winning Fairfax Media journalist Adele Ferguson speaks with PM's Emma Alberici on culture of timidity within the corporate regulator, ASIC, that sees it negotiate punishments with corporate culprits. Asher_Wolf adele_ferguson Our government agencies and departments take their lead from the Minister responsible. Under Westminster System 1.0, the Minister used to take responsibility for government agencies and departments. auspol adele_ferguson also, the asic people and the bank execs know each other by first names... shocking collusion. adele_ferguson I think 'timidity' is a very polite term for what I think we should refer to it as.
Source: abcnews - 🏆 5. / 83 Read more »
'It was a mistake': ASIC under fire over botched investigationsMistake was James Shipton's word of the day. In fact he used it 23 times to describe why ASIC had failed to take action against the big banks. D’ya reckon?
Source: theage - 🏆 8. / 77 Read more »
Is it time for the corporate watchdog to be put down?For the past 20 years, our corporate watchdog ASIC has done little but watch, preferring negotiated settlements and stern warnings, writes Ian Verrender. Yes. And take the idiotic ozprodcom at the same time. We need to end the failed Neoliberal experiment. LearnMMT ASIC is an impotent guard dog They r d opposite of ACCC ASIC prefers soft negotiated settlement with a low fine to save court cost Incompetent bunch they r slow to act No. It should be folded into the new Federal ICAC body that will be set-up during the next election cycle.
Source: abcnews - 🏆 5. / 83 Read more »
ASIC loses super advice test case against WestpacThe corporate regulator has lost a key argument in a crucial test case over how banks can provide general financial advice to clients | clancyyeates clancyyeates So does that indicate a problem with the controlling legislation? auspol LNP Labor TRY working together for the good of the bloody country, the people, NOT your political aspirations!! Australia clancyyeates Change the law. Courts interpret the law.
Source: smh - 🏆 6. / 80 Read more »
ASIC to launch superannuation inquiry | Sky News AustraliaASIC will launch a major investigation into the relationship between employers and superannuation funds. \n\nThe watchdog will look into deals that see $50 billion of workers’ savings put into funds each year. \n\nThe investigation comes after the banking royal commission uncovered companies directed employees towards superannuation providers that did not act in their best interest. \n\n\n\n billshortenmp We’re not interested in who is running the union but whether the union is performing for the benefit of its members. AusPol. billshortenmp Champion of the self funded population! billshortenmp If Self Funded Australian retirees don't wake up to this creeps proposed changes to Franking credits - you will get what you deserve. votelaborlast
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Customers owe $903m to Afterpay, Zip Pay and similar companies: ASICASIC's latest report finds Australian customers owe $903 million in buy now, pay later debts, with one in six customers finding themselves in financial trouble as a result. Parasitic so called lending companies taking advantage of the poor, miserable and struggling. Like the parasites they are, they should be shut down. I've used it pretty successfully for about year now, in moderation it's a really good idea... However I'm sure with no impulse control will ruin it for the rest of us. How much do they owe to credit card companies? Did they get something in exchange? Why do they owe this money?
Source: abcnews - 🏆 5. / 83 Read more »