Banking and finance

ASIC breaks down timeline to implement financial services licensing reforms

ASIC breaks down timeline to implement financial services licensing reforms

New regime covers digital asset and tokenised custody platforms

Federal Court orders EOS to pay $4m for continuous disclosure breach

Federal Court orders EOS to pay $4m for continuous disclosure breach

Board and senior management's involvement made breach more serious, court found

Federal Court imposes $10m penalty on Binance for retail client misclassification

Federal Court imposes $10m penalty on Binance for retail client misclassification

Penalty comes on top of $13.1m Binance already paid in client compensation

ASIC faults Macquarie over super platform governance in Shield fund saga

ASIC faults Macquarie over super platform governance in Shield fund saga

Ruling tracks Macquarie's governance as $321m remained invested in Shield Master Fund

High Court dismisses SunshineLoans' recusal bid in favour of ASIC

High Court dismisses SunshineLoans' recusal bid in favour of ASIC

Ruling confirms principle of finality prevents re-litigating certain findings

Non-bank lender loses $1.7m professional indemnity battle in NSW Supreme Court ruling

Non-bank lender loses $1.7m professional indemnity battle in NSW Supreme Court ruling

A prudent lenders exclusion in the valuer's PI policy proved fatal for Aquamore Finance