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Showing 1001 - 1010 of 7371 results for "System"

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... Monetary Policy Board and a separate Governance Board, while also clarifying the RBA's obligation to contribute to financial system stability. Chalmers commented that the proposed legislation reflects the government's objective of maintaining a "world ...

Mercer fined $12m over advice failures

JAMIE WILLIAMSON  |  THURSDAY, 23 NOV 2023
Mercer Financial Advice will pay $12 million after the Federal Court found it failed to meet some disclosure obligations and charged almost $5 million in fees to clients when it was not entitled to do so. Mercer admitted that, between July 2016 and ...

ASFA appoints Mary Delahunty as chief executive

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... ASFA's 60-year-long mission to bring the whole industry together to strengthen the effectiveness of our superannuation system for all Australians," he said. "With a deep pipeline of consultation on critical issues ahead of us, and the planned delivery ...

Perth Mint enters voluntary enforceable undertaking

CASSANDRA BALDINI  |  THURSDAY, 23 NOV 2023
... AML/CTF obligations. Businesses like Gold Corporation are the front line of defence in protecting Australia's financial system from exploitation by criminals." The news has been welcomed by Pert Mint, which acknowledged that compliance issues were ...

Small, large entity regulation needs balance: APRA

KARREN VERGARA  |  WEDNESDAY, 22 NOV 2023
... such as Silicon Valley Bank and the collapse of Credit Suisse. "It was probably the test of the [Australian] financial system that we've got and the prudential regulation that goes around that. I'm very proud of the team, the work that was done ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... for the virtual currency industry. Any institution, wherever located, that wants to reap the benefits of the US financial system must also play by the rules that keep us all safe from terrorists, foreign adversaries, and crime or face the consequence ...

MA Financial issues first RMBS

CHLOE WALKER  |  TUESDAY, 21 NOV 2023
... securitisation," Kearns said. "It is pleasing to see that the securitisation market has played its part in a resilient financial system that mitigated the impact of the pandemic on the economy." Elsewhere, Gryphon Capital Investments chief executive ...

AFCA secures $1.2bn in refunds

CASSANDRA BALDINI  |  TUESDAY, 21 NOV 2023
Since its inception, the Australian Financial Complaints Authority (AFCA) has clawed back $1.2 billion in compensation and refunds for more than 400,000 consumers and small businesses. Reaching its fifth year in operation, AFCA explained its efforts ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... a subset of scenarios. Consequently, the proliferation of products that could benefit from "modernisation" is creating system-wide inefficiencies, with our research indicating negative consequences for all stakeholders." Making way for efficient product ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
... likely state of competition in the future with and without the merger. The ACCC is also concerned the existing voluntary system of merger notification and assessment is not as effective as it needs to be. According to Chalmers, the paper highlights a ...