Myriam Robin - The AFR - Tuesday 11 August 2020 Meanwhile, the Australian Securities and Investments Commission's unsuccessful litigation against Westpac for alleged breaches of responsible lending legislation has cost it $1.8 million. So far. The figure, revealed in an answer to a question on notice from...
John Kehoe - The Australian Financial Review - Wed 22 July 2020 The Australian Securities and Investments Commission has decided not to appeal to the High Court its case against Westpac for alleged responsible lending failures, after the heads of the Reserve Bank of Australia and...
John Kehoe and James Ayres - The Australian Financial Review - Wednesday 15 July 2020 Political pressure is building on the corporate regulator to accept the "umpire's decision" and not appeal to the High Court its responsible lending case loss against Westpac. Members of the federal government...
Cliona O'Dowd - The Australian - Thursday 16 July 2020 ASIC will decide in the coming days if it will embark on a last-ditch attempt to secure a win in the Westpac “wagyu and shiraz” responsible lending case, chairman James Shipton has told a parliamentary committee,...
Ronald Mizen - Australian Financial Review - Thursday 16 July 2020 The corporate regulator has vented frustration with banks and wealth managers slow to remediate customers dudded by poor financial advice, as more than 2 million people wait for $3 billion in compensation. The Australian Securities and...