Australian Securities and Investment Commission (ASIC)

Investment Strategy

Super wide open for fraud – Trio whistleblower

Australian superannuation has been dubbed the “biggest pool of disengaged investment in the world”, by activist investor John Hempton of Bronte Capital, speaking at the IMCA annual conference. Hempton, who was taking part in a discussion on fraud at the conference held in Sydney and Melbourne on December 3 and 4, warned this disengagement made […]
Investment Strategy

ASIC predicts cyber-crime benchmarks for all

Financial services firms should be able to state their level of cyber security in line with international benchmarks, according to Greg Medcraft, chairman of the Australian Securities and Investment Commission (ASIC). Medcraft, speaking at a forum at the Bloomberg offices in Sydney, said it was no longer acceptable for organisations to communicate their level of […]

STP saves time, risk and cost

Since the advent of mainframes in the financial services sector, the term straight-through processing (STP) has been with us to describe the ongoing integration of the front, middle and back offices, connecting parties to each trade electronically in order to reduce inefficiencies – and risk. By allowing the automatic transfer of information from one part […]