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Showing 71 - 80 of 144 results for "ASIC"

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 ...

Capital raisings, remuneration impact proxy vote: Dimensional

RACHEL ALEMBAKIS  |  TUESDAY, 1 DEC 2020  |  NEWS
... or not, you saw a lot of directors come out and say, okay, we'll make sure it's pro rata." Increased guidance from ASIC also helped to bring clarity around procedure, Singh added. However, questions still remain around whether companies are correctly ...

Roadmap outlines sustainable transformation for finance industry

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020  |  NEWS
... organisations, including financial institutions, civil society, academia, regulators and government, and supported by APRA and ASIC, in observer roles. "I think the process we went through to develop the roadmap, being really collaborative, really broad ...

WBCSD survey to chart stakeholder engagement

RACHEL ALEMBAKIS  |  TUESDAY, 3 NOV 2020  |  NEWS
... Disclosures] TCFD, the rethinking of climate risk, the recommendations of the Hayne Royal Commissions, even the findings of the 2018 ASIC review," Petersen said. "It's very much a case of how can a board improve the effectiveness of engaging with ...

Government reforms aim for increased super transparency

RACHEL ALEMBAKIS  |  THURSDAY, 8 OCT 2020  |  NEWS
... transparency did not include mention of Portfolio Holding Disclosure. The Australian Securities and Investments Commission (ASIC) last year announced that the long-deferred deadline for the first reporting date on PHD was to be 31 December of this year. ...