trending Market Intelligence /marketintelligence/en/news-insights/trending/ynEbLqcd9bZ6SUH3rkc1dA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Australia proposes new consumer protection powers for corporate regulator

Infrastructure Issues: Tools to Dig Deep on Potential Risks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Australia proposes new consumer protection powers for corporate regulator

Australia's corporate regulator may get new powers to ban financial products that could be harmful to consumers.

The Australian government on Dec. 21 revealed draft laws to strengthen the regulatory tools available to the Australian Securities and Investments Commission, or ASIC. The design and distribution obligations and the product intervention power will ensure that financial products are targeted at the right customers and that ASIC has the power to intervene in the distribution of the product to protect consumers.

Under the design and distribution obligations rules, issuers of financial products will have to identify target markets for their products, select the appropriate distribution channels and periodically review arrangements to ensure that the products are appropriate for consumers.

Distributors of financial products will be required to put in reasonable controls to ensure that products are distributed in accordance with the identified target markets.

Meanwhile, the product intervention power will allow ASIC to intervene in a product's distribution if there is a perceived risk that the product may cause consumers harm. ASIC could require the amendment of product marketing, impose consumer warnings and labeling changes and impose an outright ban on products.

The regulator will also be allowed to ban aspects of remuneration practices, if there is a direct link between remuneration and distribution of the product.

The draft legislation is open to submissions until Feb. 9, 2018.