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Showing 41 - 50 of 274 results for "Financial System Inquiry"

APRA urges banks to raise capital

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
... APRA's agenda for 2017, including their main policy item of implementing the first recommendation of the Financial System Inquiry; forcing big banks to raise more capital. Byres noted while APRA had been holding off until the work in Basel on the bank ...

Government to aid growth of social impact investment

EMMA RAPAPORT  |  MONDAY, 30 JAN 2017
... investment market growth and determine possible regulatory barriers, marking the next step in implementing the Financial System Inquiry's recommendations. In the government's 'Social Impact Investing' discussion paper released on Saturday, Treasurer ...

Government shelves ASIC register sale

ALEX BURKE  |  WEDNESDAY, 21 DEC 2016
... register. Davis, who is the research director at the Australian Centre for Financial Studies and a former Financial System Inquiry panellist, said the Government's proposed model would "involve the private operator relying on revenue from sale of information ...

MySuper progresses to MyRetirement

DARREN SNYDER  |  FRIDAY, 16 DEC 2016
... that offer such large potential increases in income, without a cost to taxpayers." She pointed to the Financial System Inquiry (FSI) which noted that incomes from more innovative retirement income products could be 15 to 30% higher than those from the ...

Life insurance legacy faces more scrutiny

DARREN SNYDER  |  THURSDAY, 1 DEC 2016
... Summerhayes and APRA support the implementation of a rationalisation mechanism - a recommendation from the Financial System Inquiry. It would address legacy products that become more complex and expensive to administer over time. "Legacy products are ...

FOS and CIO should merge: report

ALEX BURKE  |  THURSDAY, 1 DEC 2016
... had actually interacted with the CIO over the past year. The FCA report echoes ASIC's submission to the Financial System Inquiry, wherein the regulator said: "ASIC does not consider that competition between different schemes enhances consumer outcomes. ...

Default super system splits industry

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... alternative models around the allocation process for default fund members - another development from the 2014 Financial System Inquiry (FSI). The commission's issues paper on alternative default models, released yesterday, has again split the system ...

Terms of reference released for complaints system review

KERRIE SYDEE  |  MONDAY, 8 AUG 2016
... bodies, and regional and consumer representatives. "This review builds on the government's response to the Financial System Inquiry which sets out a suite of policies to improve Australia's financial system," O'Dwyer said. The review will make recommendations ...

Super industry bodies unite over adequacy

DARREN SNYDER  |  FRIDAY, 5 AUG 2016
... retirement." As it stands, the federal government is keen to legislate super's objective as recommended by the Financial System Inquiry (FSI) - being "to provide income in retirement to substitute or supplement the Age Pension." The industry consensus ...

Treasurer ignored credit warnings: Bowen

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... that's the wrong question: we plan to be proactive." To illustrate, he noted Labor's support for the Financial System Inquiry reforms, saying they had "bipartisan support." He still criticised the Coalition for not moving forward fast enough, though ...