The corporate watchdog is conducting 86 investigations into the big four banks and AMP, in a sign of the high potential for more lawsuits against the country's biggest financial institutions following the Hayne royal commission.
The Australian Securities and Investments Commission revealed the new details of its investigatory work as Graeme Samuel, a former regulator, said financial firms should release internal reports on their governance and cultural failings or risk being the subject of public inquiries.Karl Hilzinger After the Hayne royal commission criticised ASIC for being too timid, the regulator on Wednesday said that as part of a dedicated program looking at breaches of financial laws, it had 88 enforcement investigations and 17 court actions under way at the end of July.
clancyyeates still waiting for jailings
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Banks accused of 'slut-shaming' for refusing financial services to sex workersAt least one of Australia's big-four banks has been accused of 'corporate slut-shaming' for refusing financial services to sex workers. Now this is going to be interesting! Let's see them wriggle out of this one.
Source: SBSNews - 🏆 3. / 89 Read more »
ASIC appeals Westpac's responsible lending court winThe corporate regulator is appealing a landmark Federal Court ruling in favour of Westpac that validated the bank's automated home loan approval process for hundreds of thousands of mortgages.
Source: abcnews - 🏆 5. / 83 Read more »
What Sydney is really throwing in the rubbishWaste, water security and climate change are the big environmental challenges facing Sydney as we gain an extra 1.3 million people over the next decade | weir_benjamin weir_benjamin the cheapest n easiest way to forestall water shortage n more pollution is to freeze immig for a decade Gov is prepared to spend $-bils on new dams n new roads just for d sake of ponzi growth weir_benjamin More importantly, let’s hope those 1.3 million don’t get brain washed by the climaphobic generation of today... weir_benjamin Here's a clue... '... as we gain an extra 1.3 million people over the next decade...' Did you see that?
Source: smh - 🏆 6. / 80 Read more »
Inside the devastation and heartache of razed Binna Burra lodgeFor 86 years the historic the Gold Coast hinterland lodge was a beacon for bushwalkers, stressed executives and school children, but now the charred ruin has an uncertain future. As one of the many who has visited this beautiful nature surrounded place on many occasions, this is sad news.
Source: abcnews - 🏆 5. / 83 Read more »
Courageous and open, 'big brother' allowed others to face their demons'I think what we take away is, it's important revealing yourself and being there for others. He was someone that I wanted to be like. He was like a big brother to a lot of people he came in touch with,' said Richmond chief executive Brendon Gale.
Source: theage - 🏆 8. / 77 Read more »
US couple arrested after spending $175,000 accidentally deposited into their account | Sky News AustraliaAn American couple is facing felony theft charges after spending money that wasn't theirs.\n\nPennsylvania police said the pair's bank deposited $175,000 into their account and instead of reporting the accidental deposit, the couple spent the money on an SUV and a race car. \n\nWhen the bank realised its mistake, it called and asked the couple to pay $155,000 in overdraft fees.\n\nThe pair never answered their bank and have since been arrested and released on bail. Give them a break, if in our day n age we believe a bank can accidentally deposit money in someone’s account, then why can’t we believe this couple could accidentally spend the money? IS THIS ENTRAPMENT ? I KNOW THE GOOD SAMARTTAN DO BANKS TELL US WHEN THEY TAKE OUR MONEY ILLEGALLY ? SOMETHING STINKS The money was in their bank account! Means it is theirs really! The bank teller is the one that stole the money and gave it to these people! These people didn't steal anything! They didn't ask for it!
Source: SkyNewsAust - 🏆 7. / 78 Read more »