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Forex Alphas

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorized by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services...

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Climate change: Urgency, integrity, ambition

Speech by ASIC Deputy Chair Karen Chester at the Carbon Market Institute’s 9th Australasian Emissions Reduction Summit, 25 October 2022. Check against delivery Thank you to the Carbon Market Institute for the opportunity to participate in this plenary session alongside my fellow regulators in David Parker from the Clean Energy Regulator (CER) and Liza Carver...

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FinssoBank

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services...

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ACER and ESMA enhance cooperation to strengthen oversight of energy and energy derivative markets

The EU Agency for the Cooperation of Energy Regulators (ACER) and the European Securities and Markets Authority (ESMA) are strengthening their cooperation to further improve information exchange and avoid potential market abuse in Europe’s spot and derivative markets. The two EU agencies have a long-established cooperative relationship considering the interlinkages between spot and derivative energy...

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FCA allows Amigo to start lending again on a pilot basis

The FCA has made it clear it expects Amigo to lend in a way which delivers good consumer outcomes. The FCA recognises the significant programme of change the firm is undertaking to deliver improvements to the way in which its business operates. The lending pilot will enable the firm to test its updated approach, policies...

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32nd Annual Credit Law Conference – Regulatory Update

Speech by ASIC Commissioner Sean Hughes to the 32nd Annual Credit Law Conference, 12 October 2022. Check against delivery Thank you for that warm introduction. It is always a pleasure being a part of the Annual Credit Law Conference, and doubly so when being able to attend in person. It is always important for a...

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22-275MR Totem Wealth financial adviser permanently banned from providing financial services

ASIC has permanently banned Totem Wealth Pty Ltd director James Carlos Reynolds, of Robina, Queensland, from providing financial services. From 2017 to the time of banning, Mr Reynolds was the sole director of Totem Wealth, an advisory firm that purported to offer ‘lifestyle’ financial advice. In banning Mr Reynolds, ASIC found that his conduct demonstrated...

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Guidance for consumers impacted by the Optus data breach

The Australian Government has released a factsheet to provide information on what to do if your data has been compromised in the recent Optus data breach. If you think you may be affected by the breach, contact Optus Customer service on 133 937. If you are concerned your identity has been compromised, contact your bank...

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Redraven Markets

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised or registered by us. This firm is not authorised by us and is targeting people in the UK. You will not have access to the Financial Ombudsman Service or be protected by the Financial Services...

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Announces decision on cessation of 1- and 6-month synthetic sterling LIBOR at end-March 2023

We previously required ICE Benchmark Administration (IBA), the administrator of LIBOR, to continue publication of the 1-, 3- and 6-month sterling and yen LIBOR settings for an additional year after end-2021, using a synthetic methodology. This was to help mitigate the risk of widespread disruption to legacy LIBOR contracts which had not transitioned by end-2021...