Financial services
Episode 54: The future of financial services
31 July 2019
In this episode with the Chair and CEO of the Ontario Securities Commission, Maureen Jensen and ASIC Executive Director (Markets) Greg Yanco explore digitisation, changing consumer expectations, disruptive business models, innovation and the future of financial services.
Episode 52: The regulatory toolkit
11 July 2019
In this episode with the Assistant Managing Director (Capital Markets) of the Monetary Authority of Singapore, Lee Boon Ngiap, we explore how regulators deploy their tools to detect, combat and deter misconduct in the financial system.
Episode 51: ASIC's case against former financial adviser James Gibbs
10 July 2019
On 10 July 2019, ASIC’s case against James Gibbs came to a close and he was sentenced to 10 years imprisonment, with a non-parole period of seven years to serve.
James Gibbs stole $4.88 million from his clients when he was acting as their financial adviser. His clients trusted him with their savings, with their money to be used for their retirements, and he devastatingly broke that trust by using that money for his own purposes.
In this episode, we hear from Dallas, one of Mr Gibbs' victims who helped build ASIC's case, as well as ASIC investigator, Chris Rowe.
Episode 50: Balancing consumer choice and protection
26 June 2019
In this interview with the Chair of the European Securities and Markets Authority Steven Maijoor, ASIC Commissioner Sean Hughes explores the balancing act between consumer choice, innovation and consumer protection and the use of product intervention powers by regulators around the world.
Episode 48: International standard setting for insurance supervisors
24 June 2019
In this interview with the Secretary General of the International Association of Insurance Supervisors (IAIS) Jonathan Dixon, ASIC Executive Director (Financial Services) Michael Saadat explores the role of the international standard setting body for insurance regulators - the IAIS, its priorities and challenges, and the impact of advancements in technology on regulation.
Episode 47: The power of a ponzi scheme
10 May 2019
In this episode we take you behind the scenes of a ponzi scheme, where unbelievably good returns are offered to investors, the scheme operator seems to be trustworthy – but it’s all smoke and mirrors.
Episode 45: Product intervention powers and design and distribution obligations
8 April 2019
ASIC has welcomed the passage of key financial services reforms contained in the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) legislation.
View ASIC media release (19-079MR) for more information.
Episode 44: Former financial adviser Gabriel Nakhl sentenced to 10 years imprisonment
26 March 2019
Mr Nakhl engaged in dishonest conduct and was found guilty in the District Court of New South Wales. The court set Mr Nakhl a non-parole period of 6 years.
View ASIC media release (19-055MR) for more information
Episode 43: Climate risk disclosure
11 October 2018
ASIC Commissioner John Price joins the podcast to discuss ASIC’s review of climate risk disclosure by listed companies in Australia.
Episode 40: SMSF advice
28 June 2018
Episode 39: Indigenous Outreach trip to the APY Lands
25 June 2018
ASIC's Indigenous Outreach Officer Nathan Boyle talks with Susan Tilley from Anangu Lands Paper Tracker Radio Program about ASIC's work with indigenous consumers and the recent outreach trip to the APY Lands with super funds. Visit the Paper Tracker website to listen to the full interview.
Episode 38: Van Le
4 May 2018
Van Le, Director of Innovation and Strategy at Xinja, was a guest at ASIC's Annual Forum in March 2018. She made time to join us on our podcast to discuss open banking.
Episode 37: Scott Farrell on open banking
30 April 2018
Scott Farrell, Partner at King & Wood Mallesons, joins ASIC SEL Michael Saadat on the podcast to discuss open banking.
Scott headed up the Australian government's review into open banking and was asked to recommend the most appropriate model for open banking in Australia.
Episode 35: Ian Yates
18 April 2018
Ian Yates, Chief Executive of the Council of the Ageing Australia, joins ASIC Deputy Chair Peter Kell on the podcast to discuss preparing financially for retirement.
Visit ASIC's MoneySmart website for more information on retirement income planning.
Episode 32: Add-on insurance
16 March 2018
ASIC Senior Executive Leader Michael Saadat joins the podcast to discuss add-on insurance, and ASIC's work to shine a light on poor practice, remediation outcomes, and efforts to protect consumers in the future.
Episode 31: Conflicts of interest in financial advice
5 February 2018
ASIC Senior Executive Leader Jo Bird joins the podcast to talk about the results of Report 562: Financial advice: vertically integrated institutions and conflicts of interest, a new report into conflicts of interest in financial advice at the biggest financial institutions in Australia.
Episode 30: Risk management systems
19 January 2018
ASIC Senior Manager Tim Walker joins the podcast to discuss Regulatory Guide 259, the importance of well-implemented risk management systems, and ASIC's expectations in this area.
Episode 29: ASIC’s Annual Report
26 October 2017
Former ASIC Chairman Greg Medcraft joins the podcast to discuss ASIC's Annual Report for 2016-17.
Episode 26: Investors and initial public offerings
31 August 2017
Jane Eccleston, ASIC Senior Executive Leader, Corporations, joins the podcast to discuss ASIC's recent report into investors and initial public offerings.
Both the media release and the report can be found here.
Episode 25: Crowd-sourced funding
19 July 2017
ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation.
ASIC is currently inviting submissions on Consultation Papers 288 and 289. Any submissions, queries or comments can be sent to csf@asic.gov.au. (Submissions are due by 3 August 2017.)
Review of how large institutions oversee their advisers
20 March 2017
Listen now - Review of how large institutions oversee their advisers
Add-on insurance
11 September 2016
Review of Australian equity market cleanliness
16 August 2016
Listen now - Review of Australian equity market cleanliness
Indigenous Outreach Program
10 June 2016
Listen now -Indigenous Outreach Program
Robo-advice
4 April 2016
An excerpt from a session at ASIC's 2016 Annual Forum on robo-advice.
The session covers:
- How does robo-advice sit alongside traditional financial advice?
- Where does robo-advice cause the most disruption?
- How does the current regulatory framework apply to robo-advice?
- What are the issues that are unique to robo-advice?
- The podcast also discusses ASIC's Consultation Paper 254 Regulating digital financial advice (CP 254) and draft Regulatory Guide 000 Providing digital financial product advice to retail clients.
Listen now - ASIC Forum robo-advice session
Limited AFS licences for accountants providing SMSF advice
2 March 2016
From July 1 this year, accountants will need to have a limited AFS licence if they are providing SMSF advice. ASIC Commissioner Greg Tanzer talks to Hilarie Dunn about why this change is necessary and what it may mean for you.
More information can be found at ASIC's Information Sheet 179.
Listen now - limited AFS licence
The role of culture
17 December 2015
ASIC Chairman Greg Medcraft talks about culture and its importance to the financial industry.
Listen now or download - the role of culture
Financial services enforcement
19 November 2015
Tim Mullaly (Senior Executive Leader, Financial Services Enforcement at the Australian Securities and Investments Commission) talks about the work he and his team does, the methods they employ to achieve their goals and some of the emerging issues in the financial services sector.
Listen now or download - Financial services enforcement
Breach reporting
22 October 2014
ASIC Deputy Chairman Peter Kell on ASIC's work around breach reporting, including a review of breach reporting by Australian financial services (AFS) licensees.
Review of retail life insurance advice
8 October 2014
Deputy Chairman Peter Kell on ASIC's recent review of the retail life insurance advice sector.
