Search Results for: Australia
Merrill Lynch (Australia) Futures pays $60,000 in infringement notice penalty
September 12th, 2017
Merrill Lynch (Australia) Futures Limited (“MLAF”) has paid a penalty of $60,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“the MDP”). The ASIC Market Integrity Rules (ASX 24 Market) 2010 requires market ...
Australian law firm is initially deploying artificial intelligence technology
August 29th, 2017
Australian law firm Corrs Chambers Westgarth is initially deploying Luminance’s artificial intelligence technology to streamline due diligence processes for M&A transactions.The law firm adopted Luminance after completing a pilot of the technology within its M&A department. It plans to ...
Big four banks in Australia change loan contracts to eliminate unfair terms
August 24th, 2017
Following a commitment to further review their small business loan contracts, the big four banks have now agreed to specific changes with ASIC to eliminate unfair terms from their contracts. ASIC and the Australian Small Business and Family Enterprise ...
Australia regulates digital currencies
August 21st, 2017
The Australian government has announced plans to strengthen its anti-money laundering rules with new reforms that will include digital currencies for the first time. The plan follows the recent scandal involving its biggest bank, the Commonwealth Bank of Australia ...
Australian FinTech Launches Australia’s Only Dedicated FinTech Jobs Platform
August 16th, 2017
The team behind the highly successful Australian FinTech website have soft-launched their FinTech employment marketplace platform, Australian FinTech Jobs. Founder and CEO, Cameron Dart, says AustralianFinTechJobs.com.au has been born on the back of the highly successful Australian FinTech website ...
Yen rose while Australian dollar fell; Key events coming this week
July 31st, 2017
Asian raw-material producers advanced after a surge in commodity prices bolstered optimism the global economy can gather momentum. Oil extended last week’s strongest rally this year. BHP Billiton Ltd., Rio Tinto Ltd. and Nippon Steel & Sumitomo Metal Corp. ...
Australian financial services provider pays penalties
July 25th, 2017
Financial Choice Pty Ltd (Financial Choice), an Australian financial services provider, has paid two ASIC infringement notice penalties totalling $21,600, after making misleading representations in marketing emails sent to consumers and on its website. The first infringement notice related ...
Yen advanced, Euro and Australian dollar rose
July 25th, 2017
Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the dollar resumed declines. The MSCI Asia Pacific Index fluctuated near a 10-year ...
Malaysia and Australia seal agreement on fintech cooperation
June 29th, 2017
On 27 June 2017 the Malaysia Securities Commission (‘SC’) and ASIC signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy. Malaysia is a vibrant fintech destination. In 2015, Malaysia ...
Japan and Australia cooperate on fintech
June 26th, 2017
The Japan Financial Services Agency (‘JFSA’) and Australian Securities and Investments Commission (‘ASIC’) announced the completion of a framework for co-operation to promote innovation in financial services in Japan and Australia. This Co-operation Framework recognises the global nature of ...
