RBA's Hauser warns super funds of $1tn FX riskBY ELIZA BAVIN | WEDNESDAY, 17 SEP 2025 12:17PMReserve Bank of Australia deputy governor Andrew Hauser said super funds must adapt to manage their growing foreign exchange exposures. Related News |
Editor's Choice
ASIC cancels AFSL of Australian Fiduciaries
ASIC has cancelled the Australian financial services licence (AFSL) of Queensland-based Australian Fiduciaries, which is currently in liquidation.
Treasury expects regulators to do the heavy lifting
Treasury has released new Statements of Expectations for APRA and ASIC, with an emphasis on how the regulators should promote a more sustainable and secured financial ecosystem.
NGS Super names head of strategy
NGS Super has appointed a former ASFA committe member as head of strategy, as the fund aims to strengthen its retirement offering.
SS&C axes jobs, shifts roles offshore
US software services giant SS&C Technologies has slashed 170 Australian roles in the operations, technology and delivery teams.
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
My experience is that the RBA's comments in this article are ill informed, and certainly wide of the mark.
All superannuation funds have significant offshore holdings of illiquid and fixed interest investments (Bonds, Infrastructure, Private Equity, Credit, etc.) all of which are 100% hedged back into AUD. So, while only a minority of listed overseas equities are hedged, a large proportion of overseas assets are hedged.
Further, all superannuation funds already have strong liquidity management programs in place which take into account hedging requirements.
The risk management processes in Australian Superannuation funds are far more sophisticated than the RBA seems to appreciate.