The ASIC Podcast

Episode 24: Paul Muthaura, Chief Executive of the Capital Markets Authority in Kenya

Paul Muthaura, Chief Executive of the Capital Markets Authority in Kenya, joins the podcast to talk about the relationship between technological innovation and regulation, particularly in terms of the M-Pesa, a mobile-based financing service in the Kenyan economy.

Episode 23: Stories from the market integrity beat

Two members of ASIC's Market Integrity Team, Tom Veidners and Wendy Prince, join the podcast to talk about some of the work they undertake, including a few recent examples.

For more about ASIC's market integrity work, you can subscribe to our Market Integrity Update.

Episode 22: Financial advice: Review of how large institutions oversee their advisers

ASIC's Louise Macaulay (Senior Executive Leader - Financial Advisers) joins the podcast to discuss ASIC's recent review of how large institutions oversee their financial advisers.

The full report is available here.

Episode 21: ASIC's First Business App

Miles Larbey, ASIC's Senior Executive Leader, Financial Capability joins the podcast to talk about ASIC's new First Business App, which is aimed at assisting Australians in starting their own business.

You can find out more information about the app at ASIC's MoneySmart website.

Download the app via the Apple Store

Download the app via Google Play

Episode 20: Mark Adams on ASIC's RegTech Roundtable

On 8 February, ASIC hosted a roundtable in Sydney and Melbourne for those with an interest in RegTech.

The roundtable facilitated discussion on the current RegTech landscape and its development and future potential to promote good risk management and compliance outcomes, and drivers and barriers to RegTech in Australia, including what the industry and ASIC can do to help promote the development and application of RegTech.

Mark Adams, ASIC Innovation Hub co-ordinator, joins the podcast to talk about the roundtable, why ASIC held it, what topics came up and where we go from here.

Episode 19: Commissioner Cathie Armour on Hochtief AG insider trading matter

On 8 December 2016, the Federal Court found that German construction group holding company Hochtief Aktiengesellschaft (Hochtief AG) engaged in insider trading in contravention of section 1043A(1)(d) of the Corporations Act 2001, and has ordered Hochtief AG to pay a financial penalty of $400,000, as well as ASIC's legal costs.

ASIC Commissioner Cathie Armour joins the podcast to discuss the details of the case, as well as its wider significance for Australia's financial markets.

You can read ASIC's media release on the matter here

Episode 18: Whistleblowers

ASIC Commissioner John Price joins the podcast to discuss ASIC's approach to whistleblowers and how they can be better encouraged and protected.

More information on the topic is available here.

Episode 17: ASIC's Workplace Giving Program

On this episode, we have a quick chat to ASIC in the Community Manager Justine Butler about ASIC's workplace giving program, which has been awarded a silver medal in the inaugural Workplace Giving Excellence Awards in Melbourne.

The awards are part of the Australian Charities' Fund One Million Donors campaign, and recognise employers and their staff who show leadership in supporting charities and community groups.

ASIC View Episode 16: Fees for no service report

Joanna Bird, Senior Executive Leader, Financial Advisers joins the podcast to discuss ASIC's recent Report 499 - Financial Advice: fees for no service.

The report provides an update on ASIC's work to address financial institutions' and advisers' systemic failures, over a number of years, to provide ongoing advice services to customers who paid fees to receive those services. The report summarises ASIC's work to ensure customers are fairly compensated. The report is part of ASIC's Wealth Management Project, which is focusing on the conduct of the largest financial advice firms, including the advice arms of AMP, ANZ, CBA, NAB and Westpac groups.

 

The report is available for download here, while you can read ASIC's media release on the topic here.

 

ASIC's MoneySmart website has updated information on how much financial advice costs and what to expect from a financial adviser. 

 

Read the transcript

ASIC View Episode 15: Macquarie, van Eyk and responsible entities

In August this year, The Supreme Court of New South Wales found that Macquarie Investment Management Ltd contravened the Corporations Act by failing to comply with its duties as a responsible entity of the van Eyk Blueprint International Shares Fund. The Court made declarations of contravention and ordered that MIML pay a civil pecuniary penalty of $400,000, as well as $200,000 for ASIC's legal costs.

ASIC Commissioner Greg Tanzer joins the podcast to talk about the case and why ASIC considers it such an important outcome.

You can read ASIC's media release on the outcome here

Please note the judge's comments that Greg quotes in the podcast are slightly abridged. The full comments are available via the link at the bottom of the media release.