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Reserve Bank of Australia, policy

Three Questions About the Outlook

Address by Luci Ellis, Assistant Governor (Economic), to the ABE Conference, Sydney – 13 February 2018 I'd like to thank the Australian Business Economists for once again giving me the opportunity to speak to you this…

Crypto broker B2C2 hires ex-Goldman Sachs as CEO Japan

The cryptocurrency market continues to add credibility to its industry as companies hire executives from government agencies and the banking industry. This time, a leading cryptocurrency market maker announced the appointment of Phillip Gillespie as…

Broker Charged With Giving Special Access to IPOs for Cash Kickbacks

The Securities and Exchange Commission today charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative IPOs, enabling them to reap major…

ASIC – Interactive Brokers LLC pays $250,000 infringement notice penalty

Interactive Brokers LLC ('Interactive') has paid a penalty of $250,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'). The MDP found it had reasonable grounds to believe that…

ASIC broadens fintech cooperation with Canadian regulators

ASIC has today announced a Cooperation Agreement with Canadian regulators on fintech cooperation. This agreement expands the existing framework for information sharing and also allows the referral of innovative fintech businesses to and from Canada…

ASIC’s regulatory sandbox proposal to remain unchanged

ASIC has today released a review of its regulatory sandbox, introduced in December 2016. In the review ASIC proposes to retain class waivers known as the fintech licensing exemption, that allow eligible financial technology (fintech)…

Economic Activity, Prices, and Monetary Policy in Japan

[caption id="attachment_249816" align="alignleft" width="170"] Takako Masai,Member of the Policy Board Bank of Japan[/caption] Speech by Board Member Takako Masai in Hyogo on Dec. 6, 2017 (Economic Activity, Prices, and Monetary Policy in Japan) I. Developments…

ASIC updates guidance on conflicted remuneration

ASIC has updated its guidance on conflicted remuneration to more closely reflect a range of regulatory changes since the guide was issued in 2013. The updated Regulatory Guide 246 Conflicted and other banned remuneration (RG…

ASIC – Merrill Lynch Equities (Australia) Ltd pays $140,000 in infringement notice penalty

Merrill Lynch Equities (Australia) Limited ('MLEA') has paid a total penalty of $140,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'). The MDP found that between July…