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Showing 1 - 10 of 78 results for "ASIC"

Climate change "a first-order risk": RBA

RACHEL ALEMBAKIS  |  THURSDAY, 14 OCT 2021  |  NEWS
... comprising Treasury, the Australian Prudential Regulation Agency (APRA), the Australian Securities and Investments Commission (ASIC) and the RBA - is tackling these issues through the Working Group on the Financial Implications of Climate Change. The ...

ASIC trains sights on IPO net zero statements

RACHEL ALEMBAKIS  |  THURSDAY, 30 SEP 2021  |  NEWS
ASIC has intervened in net zero statements in the IPO of an energy company, a further signal that the regulator is monitoring greenwashing statements. ASIC announced that it had intervened to seek clarification about net zero greenhouse gas emissions ...

Asset consultants keep gates closed on greenwashing

RACHEL ALEMBAKIS  |  THURSDAY, 2 SEP 2021  |  NEWS
... plays out, but it's more about that bigger picture of what it means for the implications for the wider industry, with ASIC undertaking a review along with other global efforts." ASIC Commissioner Cathie Armour said in July that the regulator is conducting ...

Governance Institute taps former ASFA CEO for role as chair

RACHEL ALEMBAKIS  |  WEDNESDAY, 28 JUL 2021  |  NEWS
Governance Institute of Australia has appointed Pauline Vamos as chair. Vamos is a former senior regulator with ASIC and former CEO of the Association of Superannuation Funds of Australia (ASFA) as well as a non-executive director, lawyer and governance ...

ASIC reviewing greenwashing in financial products

RACHEL ALEMBAKIS  |  THURSDAY, 15 JUL 2021  |  NEWS
ASIC is reviewing whether sustainability labelled super funds and managed fund are as they claim to be, with the aim of establishing how much greenwashing is present in the Australian market. Currently, there is no regulated definition of ESG, sustainability/green/responsible ...

Assessing buy now pay later sector through an ESG lens

RACHEL ALEMBAKIS  |  THURSDAY, 1 JUL 2021  |  NEWS
... because their products don't charge interest, they are not subject to consumer credit products. In a November 2020 report, ASIC reported that BNPL transactions had increased 90% from the 2018 financial year to the 2019 financial year. The ASIC review ...

Investors outline roadmap for mandatory climate disclosure

RACHEL ALEMBAKIS  |  TUESDAY, 29 JUN 2021  |  NEWS
... government and regulators to cut red tape for business and support investment across Australia." The report calls on APRA, ASIC, Commonwealth Treasury and the ASX Corporate Governance Council to issue strengthened guidance and taking other regulatory ...

NZ climate disclosure legislation to affect Australian entities

RACHEL ALEMBAKIS  |  THURSDAY, 15 APR 2021  |  NEWS
... change financial risk prudential practice guide (PPG) to assist entities in complying with existing prudential requirements. ASIC also recommends the TCFD framework as a means for companies to disclose material climate risks, including in guidance on ...

Government to launch inquiry into financial sector and climate risk

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... withdraw from lending or insuring mining projects on climate risk grounds. The big banks and regulators including APRA and ASIC are expected to be called to the parliamentary inquiry, which media reports say will be chaired by MP George Christensen ...

Industry considers Australian sustainable finance taxonomy

RACHEL ALEMBAKIS  |  THURSDAY, 10 DEC 2020  |  NEWS
... their portfolio holdings within 90 days of each half year. However, the Australian Securities and Investments Commission (ASIC) has this week delayed implementation of the mandatory portfolio holdings disclosure regime until 31 December 2021. The majority ...
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