WebAug 26, 2024 · FRAA also recommends that ASIC “will need to build skill sets in the use of technology and data analytics to support it to become a digitally enabled regulator”. ASIC’s centralised data storage platform, also known as a data lake, “has not been widely used by ASIC surveillance staff” due to a limited volume of available data as well ... WebSep 1, 2024 · Australia's Financial Regulator Assessment Authority (FRAA) recently released the report on its inaugural review of the Australian Securities and Investments Commission (ASIC). The review found ASIC was "generally effective and capable," but that there was opportunity for improvement at the regulatory agency.
Effectiveness and capability review of ASIC Mirage News
WebAssessment Authority’s (FRAA) first review of the effectiveness and capability of the Australian Securities and Investments Commission (ASIC) and its public consultation. … WebAug 25, 2024 · The FRAA was established in response to recommendations 6.13 and 6.14 of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, and is tasked with reviewing and reporting on the effectiveness and capability of ASIC and APRA. mounted camel skull
ASIC continues to act against SMSF auditors - SMSF Adviser
WebApr 10, 2024 · A recent review of the Small Business Restructuring process 1 by the Australian Securities and Investments Commission (ASIC) for the period 1 January 2024 to 30 June 2024 shows 82 small business restructuring practitioners had been appointed. In an average pre-COVID year there are 10,000 odd corporate insolvency administrations, so … WebAug 25, 2024 · The report also observes that during the FRAA review, ASIC completed a new People Strategy designed to 'support ASIC to become more digitally enabled and … WebAug 25, 2024 · The FRAA’s review looked at strategic prioritisation, planning and decision-making, surveillance and licensing, as well as ASIC’s use of data and technology in these areas. The review acknowledged ASIC’s crucial contribution to Australia’s financial system and found that ASIC is effective and capable in the areas reviewed. mounted bushing