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New authority to keep a close eye on corporate watchdog


New authority to keep a close eye on corporate watchdog
New authority to keep a close eye on corporate watchdog
The government has rushed new legislation to Parliament in the wake of its ushering in a new broom at ASIC, which will keep the regulator accountable to an independent authority charged with assessing its effectiveness.
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The Financial Regulator Assessment Authority (FRAA) Bill 2021, introduced to Parliament last week, gives effect to a number of recommendations arising from the royal commission around creating a new body to assess the effectiveness and capability of ASIC and APRA.
Treasurer Josh Frydenberg announced the creation of the FRAA last month as he revealed outgoing ASIC chair James Shipton was to be replaced with current Herbert Smith Freehills senior adviser Joe Longo, with the authority to take a key role in advising Mr Longo as to what changes are needed to be made at the regulator. ....

James Shipton , Sarah Kendell , Herbert Smith Freehills , Josh Frydenberg , Joe Longo , Australian National Audit Office , Financial Regulator Assessment Authority , ஜேம்ஸ் ஷிப்டன் , சாரா கெண்டெல்ல் , ஹெர்பர்ட் ஸ்மித் ஃப்ரீஹில்ஸ் , ஓஹோ லாங்கோ , ஆஸ்திரேலிய தேசிய தணிக்கை அலுவலகம் , நிதி சீராக்கி மதிப்பீடு அதிகாரம் ,

Independent watchdog to scrutinise ASIC, APRA

1 minute read object(stdClass)#17688 (8) { [ image intro ]=> string(55) images/articleimages-391x261/850x492/asic-apra-ad-1.jpg [ float intro ]=> string(0) [ image intro alt ]=> string(13) ASIC and APRA [ image intro caption ]=> string(0) [ image fulltext ]=> string(0) [ float fulltext ]=> string(0) [ image fulltext alt ]=> string(0) [ image fulltext caption ]=> string(0) } Jotham Lian A A The Financial Regulator Assessment Authority (Consequential Amendments and Transitional Provisions) Bill 2021 was introduced in Parliament on Thursday and looks to establish a new authority to assess the effectiveness and capability of ASIC and APRA. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778434582-0 ); }); } Advertisement The Financial Regulator Assessment Authority will be tasked to evaluate both ASIC’ ....

New South Wales , Australian National Audit Office , Financial Regulator Assessment Authority , Parliament On , Financial Regulator Assessment Authority Consequential Amendments , Consequential Amendments , Transitional Provisions , Accountants Daily , Sydney Morning Herald , புதியது தெற்கு வேல்ஸ் , ஆஸ்திரேலிய தேசிய தணிக்கை அலுவலகம் , நிதி சீராக்கி மதிப்பீடு அதிகாரம் , பாராளுமன்றம் ஆன் , இடைநிலை விதிகள் , கணக்காளர்கள் தினசரி , சிட்னி காலை ஹெரால்ட் ,

Treasury rewrites ASIC duties with new chair


Treasury rewrites ASIC duties with new chair
Treasury rewrites ASIC duties with new chair
Treasurer Josh Frydenberg has listed accountability as a key factor of the government’s expectations for ASIC’s new leader.
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Joe Longo, senior adviser at law firm Herbert Smith Freehills, is the new chair of ASIC. Mr Longo worked as general counsel for Deutsche Bank in both London and Hong Kong for 17 years, prior to which he was ASIC’s national director for enforcement.
He replaces James Shipton, who opted to resign from his position in the wake of an expenses scandal despite ultimately being cleared of wrongdoing. ....

Hong Kong , City Of , United Kingdom , Daniel Crennan , James Shipton , Herbert Smith Freehills , Josh Frydenberg , Lachlan Maddock , Joe Longo , Financial Regulator Assessment Authority , Ms Court , Sarah Court , Deutsche Bank , National Director , Treasurer Josh Frydenberg , ஹாங் காங் , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஜேம்ஸ் ஷிப்டன் , ஹெர்பர்ட் ஸ்மித் ஃப்ரீஹில்ஸ் , ல்யாக்லந் ம்யாடொக் , ஓஹோ லாங்கோ , நிதி சீராக்கி மதிப்பீடு அதிகாரம் , செல்வி நீதிமன்றம் , சாரா நீதிமன்றம் , டாய்ச் வங்கி ,