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The corporate regulator has warned financial services and credit licensees to get ahead of the curve in regulating the use of AI, particularly in the face of novel risks that include algorithm bias.
S&P is free to pay for a Rolls-Royce defence in "Rolls-Royce litigation" that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.
Expert evidence is not meant to “provide a judge with comfort”, a judge has found in rejecting evidence from two experts in flex commissions class actions against Westpac and Macquarie.
The CEO of defunct cryptocurrency exchange Mine Digital has faced court charged with fraud linked to a $2.2 million transaction.
The court has rejected Mastercard's bid to appeal an evidentiary win for the ACCC in the regulator's misuse of market power case against the payments giant.
Commonwealth Bank has paid a $7.5 million penalty after an ACMA investigation found it sent over 170 million emails that violated spam laws.
In the tangled legal fallout of the $7 billion collapse of Greensill Capital, the administrator of the failed financier's bank has secured a so-called anti, anti-suit injunction against an arm of insurer Marsh.
The company behind an abandoned $185 million development in Gosford, NSW can't lift a stay on a $37 million judgment it won against the Australian unit of China's Shanxi Construction Group.
Westpac and two other lenders have won their cases alleging they were scammed out of $500 million in loans to the Forum group of companies.