Day: June 23, 2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published two Final Reports including guidelines on the central counterparties (CCPs) Resolution Regime under the CCP Recovery and Resolution Regulation (CCPRRR). This publication follows that of the Commission Delegated Regulations 2023/1193 on the content of resolution plans[1] and 2023/1192 …

ESMA publishes Guidelines on templates for summary resolution plans and for written arrangements for resolution colleges Read More »

We are aware fraudsters are using the details of the authorised EMD Agent Blockchain Access UK Ltd (Reference number: 902765) attempting to deceive consumers into believing that they are dealing with the authorised EMD Agent. Consumers are being targeted by fraudsters using recovery room frauds. This is where fraudsters approach investors who have been scammed …

Consumer warning on Blockchain Access UK Ltd Read More »

Opening statement by ASIC Chair Joe Longo, 23 June 2023. Check against delivery I am pleased to have the opportunity to appear before the Committee today. Before I begin my substantive remarks however, I want to say this. Clearly there are a number of positions which the Chair has taken in Parliament, and that this …

Senate Economics References Committee – Inquiry into ASIC investigation and enforcement Read More »

ASIC is calling on all general insurers to remove unnecessary pricing complexity and fix their systems, practices and controls so they can deliver on the pricing promises they make to their customers. ASIC today released Report 765 When the price is not right: Making good on insurance pricing promises. The report reveals that ongoing pricing …

General insurers to repay consumers $815 million for broken pricing promises Read More »