The ASIC Podcast

Episode 55: ASIC enforcement outcomes, January to June 2019

18 August 2019

In this episode with ASIC Deputy Chair Daniel Crennan QC, we explore ASIC’s Enforcement Update (January to June 2019), ASIC’s Office of Enforcement and work to strengthen ASIC’s enforcement effectiveness by accelerating court-based enforcement matters.

Episode 54: The future of financial services

31 July 2019

In this episode with the Chair and CEO of the Ontario Securities Commission, Maureen Jensen and ASIC Executive Director (Markets) Greg Yanco explore digitisation, changing consumer expectations, disruptive business models, innovation and the future of financial services.

Episode 53: Creating shared value

26 July 2019

In this episode with Peter Yates, Chairman of the Shared Value Project and Deputy Chairman of AIA Australia, ASIC’s Laura Higgins (Senior Executive Leader, Financial Capability) explores how the concept of shared value challenges companies to realign the interest of business and society by redefining their purpose so that generating economic value also produces value for society.

Episode 52: The regulatory toolkit

11 July 2019

In this episode with the Assistant Managing Director (Capital Markets) of the Monetary Authority of Singapore, Lee Boon Ngiap, we explore how regulators deploy their tools to detect, combat and deter misconduct in the financial system.

Episode 51: ASIC's case against former financial adviser James Gibbs

10 July 2019

On 10 July 2019, ASIC’s case against James Gibbs came to a close and he was sentenced to 10 years imprisonment, with a non-parole period of seven years to serve.

James Gibbs stole $4.88 million from his clients when he was acting as their financial adviser. His clients trusted him with their savings, with their money to be used for their retirements, and he devastatingly broke that trust by using that money for his own purposes.

In this episode, we hear from Dallas, one of Mr Gibbs' victims who helped build ASIC's case, as well as ASIC investigator, Chris Rowe.

Episode 50: Balancing consumer choice and protection

26 June 2019

In this interview with the Chair of the European Securities and Markets Authority Steven Maijoor, ASIC Commissioner Sean Hughes explores the balancing act between consumer choice, innovation and consumer protection and the use of product intervention powers by regulators around the world.

Episode 49: ASIC's case against hacker Steven Oakes

25 June 2019 

A man sits outside an office building on his laptop. He keeps to himself and passers-by don’t really notice him. He has been outside this office building before, but he is not interested in going inside. Unknown to those around him, and the company operating inside the building, this man is inside their network, accessing confidential information and reading their emails. He’s after inside information.

Steven Oakes was sentenced on 25 June 2019 in the County Court at Melbourne to a total effective sentence of three years imprisonment, and ordered that he be released after serving 18 months of the term of imprisonment, on his own recognisance to be of good behaviour for 18 months, after pleading guilty to a total of 11 charges for insider trading, unauthorised access to data with the intention to commit a serious offence (insider trading) and the alteration of electronic devices required by ASIC. 

In this episode, we hear from the investigators behind ASIC’s case - Peter Ridgley and Anthony Vardy.

Read ASIC’s media release (19-153MR) for more information.

Episode 48: International standard setting for insurance supervisors

24 June 2019

In this interview with the Secretary General of the International Association of Insurance Supervisors (IAIS) Jonathan Dixon, ASIC Executive Director (Financial Services) Michael Saadat explores the role of the international standard setting body for insurance regulators - the IAIS, its priorities and challenges, and the impact of advancements in technology on regulation.

Listen to Episode 48

Episode 47: The power of a ponzi scheme

10 May 2019

In this episode we take you behind the scenes of a ponzi scheme, where unbelievably good returns are offered to investors, the scheme operator seems to be trustworthy – but it’s all smoke and mirrors.

Listen to Episode 47

Episode 46: ASIC enforcement outcomes, July to December 2018

9 April 2019

For more information on ASIC’s enforcement outcomes from July to December 2018, listen to Episode 46 of The ASIC Podcast with ASIC Commissioner Sean Hughes.

Download the report

Listen to Episode 46

Episode 45: Product intervention powers and design and distribution obligations

8 April 2019

ASIC has welcomed the passage of key financial services reforms contained in the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) legislation.

View ASIC media release (19-079MR) for more information.

Listen to Episode 45

Episode 44: Former financial adviser Gabriel Nakhl sentenced to 10 years imprisonment

26 March 2019

Mr Nakhl engaged in dishonest conduct and was found guilty in the District Court of New South Wales. The court set Mr Nakhl a non-parole period of 6 years.

View ASIC media release (19-055MR) for more information

Listen to Episode 44

Episode 43: Climate risk disclosure

11 October 2018

ASIC Commissioner John Price joins the podcast to discuss ASIC’s review of climate risk disclosure by listed companies in Australia.

Listen to Episode 43

Read the transcript

Episode 42: Registered liquidators and creditors

19 September 2018

Nisansala Peries from ASIC's Insolvency Practitioners team and Michelle Jakubauskas from ASIC's Behavioural Research and Policy Unit join the podcast to discuss one way registered liquidators can help people who are owed money by a business (creditors) to navigate the complex landscape of an external administration.

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Episode 41: ASIC’s review of the credit card market

4 July 2018

Michael Saadat, ASIC's Senior Executive Leader - Deposit takers, Credit and Insurance, joins the podcast to discuss ASIC's review into the credit card market in Australia.

Listen to Episode 41

Read the transcript

Episode 40: SMSF advice

28 June 2018

ASIC Senior Executive Leader Jo Bird joins the podcast to discuss a review of self-managed super funds, and to give some advice to consumers who are thinking of setting up an SMSF.

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Episode 39: Indigenous Outreach trip to the APY Lands

25 June 2018

ASIC's Indigenous Outreach Officer Nathan Boyle talks with Susan Tilley from Anangu Lands Paper Tracker Radio Program about ASIC's work with indigenous consumers and the recent outreach trip to the APY Lands with super funds. Visit the Paper Tracker website to listen to the full interview.

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Episode 38: Van Le

4 May 2018

Van Le, Director of Innovation and Strategy at Xinja, was a guest at ASIC's Annual Forum in March 2018. She made time to join us on our podcast to discuss open banking.

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Episode 37: Scott Farrell on open banking

30 April 2018

Scott Farrell, Partner at King & Wood Mallesons, joins ASIC SEL Michael Saadat on the podcast to discuss open banking.

Scott headed up the Australian government's review into open banking and was asked to recommend the most appropriate model for open banking in Australia.

Listen to Episode 37

Episode 36: ASIC’s Stretch RAP

23 April 2018

On 17 April 2018, ASIC launched its Stretch Reconciliation Action Plan. On this episode, we're joined by Danille Abbott, Chair of ASIC's RAP Strategic Committee and RAP Working Group and descendant of the Wirlomen Noongar people, to talk about the goals of the stretch RAP and ASIC's commitment to reconciliation.

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Episode 35: Ian Yates

18 April 2018

Ian Yates, Chief Executive of the Council of the Ageing Australia, joins ASIC Deputy Chair Peter Kell on the podcast to discuss preparing financially for retirement.

Visit ASIC's MoneySmart website for more information on retirement income planning.

Listen to Episode 35

Episode 34: Mark McCrindle

12 April 2018

Social researcher Mark McCrindle joins the podcast to discuss home ownership and the changing Australian dream, which was a topic of discussion at ASIC's 2018 Annual Forum.

Listen to Episode 34

Episode 33: Close the Gap

28 March 2018

On 16 March 2018, ASIC held a Close the Gap event featuring two leading Indigenous entrepreneurs:

  • Liam Ridgeway, co-founder of Ngakkan Nyaagu (NGNY), an Indigenous digital enterprise
  • Jasmin Herro, founder of Outback Global, a leading Indigenous supplier of workwear

The Close the Gap campaign aims to create equality in health between Indigenous and non-Indigenous Australians. This campaign also measures progress in economic development and employment, and these aspects were the focus of ASIC's event.

Liam and Jasmin were also kind enough to speak on our podcast after the event. In the episode, you will hear from Liam and Jasmin about how and why they started their businesses and what impact they seek to have as Indigenous entrepreneurs.

Listen to Episode 33

Read the transcript

Episode 32: Add-on insurance

16 March 2018

ASIC Senior Executive Leader Michael Saadat joins the podcast to discuss add-on insurance, and ASIC's work to shine a light on poor practice, remediation outcomes, and efforts to protect consumers in the future.

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Episode 31: Conflicts of interest in financial advice

5 February 2018

ASIC Senior Executive Leader Jo Bird joins the podcast to talk about the results of Report 562: Financial advice: vertically integrated institutions and conflicts of interest, a new report into conflicts of interest in financial advice at the biggest financial institutions in Australia.

Listen to Episode 31

Episode 30: Risk management systems

19 January 2018

ASIC Senior Manager Tim Walker joins the podcast to discuss Regulatory Guide 259, the importance of well-implemented risk management systems, and ASIC's expectations in this area.

Listen to Episode 30

Episode 29: ASIC’s Annual Report

26 October 2017

Former ASIC Chairman Greg Medcraft joins the podcast to discuss ASIC's Annual Report for 2016-17.

Listen to Episode 29

Episode 28: ASIC's Data Strategy

19 September 2017

ASIC's Chief Data Officer John Wallace joins the podcast to discuss ASIC's 2017-20 Data Strategy. You can read the data strategy at ASIC's website.

Listen to Episode 28

Episode 27: ASIC's approach to small business

7 September 2017

ASIC Commissioner John Price joins the podcast to discuss ASIC's approach to small business, including ASIC's 2017-2020 Small Business Strategy.

Listen to Episode 27

Episode 26: Investors and initial public offerings

31 August 2017

Jane Eccleston, ASIC Senior Executive Leader, Corporations, joins the podcast to discuss ASIC's recent report into investors and initial public offerings.

Both the media release and the report can be found here.

Listen to Episode 26

Episode 25: Crowd-sourced funding

19 July 2017

ASIC Commissioner John Price joins the podcast to discuss recent law reform around crowd-sourced funding and ASIC's role in administering the new legislation.

ASIC is currently inviting submissions on Consultation Papers 288 and 289. Any submissions, queries or comments can be sent to csf@asic.gov.au. (Submissions are due by 3 August 2017.)

Listen to Episode 25

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The ASIC Podcast Episode 54: The future of financial services

31 July 2019

In this episode the Chair and CEO of the Ontario Securities Commission, Maureen Jensen and ASIC Executive Director (Markets) Greg Yanco explore digitisation, changing consumer expectations, disruptive business models, innovation and the future of financial services.

Listen now

For more episodes, visit The ASIC Podcast at Podbean.

Fintech innovations

31 July 2019

This podcast series from Toronto Centre gives regulatory and market perspectives on fintech innovations currently taking place in Australia.

Introducing the newest technology to capital markets - Oliver Harvey, ASIC and Katie McDermott, ASX provide regulator and industry perspectives.

To protect or to foster innovation: An inside look at a regulator's initiative to do both -  Mark Adams, ASIC

Listen to the podcasts on the Toronto Centre website

Last updated: 31/07/2019 12:00