iTWire Thursday, 29 April 2021 14:00 Sarah Court appointed deputy chair of corporate regulator, ASIC Featured Sarah Court, newly appointed Deputy Chair of ASIC
ACCC Commissioner Sarah Court has been appointed to the position of Deputy Chair at Australia’s national corporate, markets, financial services and consumer credit regulator, the Australian Securities and Investments Commission (ASIC),
The Treasurer, Josh Frydenberg, announced Commisson Court’s appointment on Thursday, with Australian Competition and Consumer Commission (ACCC) Chair Rod Sims saying her appointment to ASIC was “a well-deserved reflection of the experience, expertise, and wisdom Sarah brings to the table,”
“ASIC’s gain is very much our loss. Sarah was first appointed as an ACCC Commissioner in May 2008 and reappointed for an impressive third term in 2018,” Sims said.
Risk.net
Industry groups and tech experts worry that proposed last-minute changes will introduce new risks Print this page
Changes proposed by Australia’s top exchange to its new blockchain-based settlement system for stocks have drawn fire from prominent sections of users, who fear that the amendments will create new risks.
Under the proposal published in February, the Australian Securities Exchange (ASX) will move to an exception-only reporting model, meaning that clearing brokers will no longer receive confirmation messages for trades that settle successfully. The overnight netting cycle will also be replaced by
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Collapsed supply chain finance (SCF) firm Greensill began contingency planning for insolvency as early as December last year, a new document filed with Australia’s corporate regulator shows.
Grant Thornton, which has since been appointed as administrators to Greensill in the UK and Australia, was first engaged by Greensill’s UK arm in “late December” according to a filing to the Australian Securities and Investments Commission (ASIC), seen by
GTR.
Greensill was not publicly reported to be mulling insolvency until March 1, when Credit Suisse confirmed it had
pulled the plug on investment funds worth around US$10bn in funding for the firm.