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Showing 91 - 100 of 218 results for "Basel"

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
AMP has issued a clarifying statement following interim chief executive Mike Wilkins' testimony to the Royal Commission that the fees-for-no-service issue was initially expected to cost $1.2 billion and take nine years to remedy. He also flagged ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
Minutes of the European Central Bank's (ECB) 24-25 October Governing Council meeting confirmed that it remains on track to end its net asset purchases - currently at a monthly pace of €15 billion - by the end of December 2018. No probs here. We've ...

Superannuation must catch up to gig economy

DARREN SNYDER  |  WEDNESDAY, 31 OCT 2018
The chief executive at one of Australia's biggest wealth managers said he is troubled by adequacy issues in Australia's $2.7 trillion superannuation system, suggesting it be overhauled. Mercer Australia chief executive Ben Walsh told an industry breakfast ...

Don't use multiple SMSFs to dodge tax: ATO

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
Self-managed super fund trustees are using multiple SMSFs to manipulate tax outcomes, Australian Taxation Office deputy commissioner superannuation James O'Halloran said in his speech to the National SMSF Conference in Melbourne. The ATO believes 13,600 ...

State Street announces fixed income appointment

KANIKA SOOD  |  TUESDAY, 22 MAY 2018
... (EMEA). State Street's securities finance division in Asia Pacific is headed by Jansen Chua. "Regulatory changes such as Basel III have driven financial institutions to look carefully at their sources of funding. We continue to see increased demand for ...

Financial services giants launch ESG indices

KARREN VERGARA  |  MONDAY, 30 APR 2018
Two global financial services heavyweights have collaborated to launch a suite of environmental, social and governance (ESG) indices for institutional investors. J.P. Morgan and BlackRock have joined forces to create the J.P. Morgan ESG Index (JESG) ...

AMP kept unsuspecting clients in the dark: RC

KARREN VERGARA  |  TUESDAY, 24 APR 2018
The financial services Royal Commission censored the names of two AMP financial planning clients who currently don't know they are the victims of improper advice provided by an authorised representative. AMP knew as early as March 2017 the husband and ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
Industry stakeholders expect 90% of Australia's superannuation funds to sign the Insurance in Superannuation Voluntary Code of Practice before March 31, despite its several shortcomings. ANZ, AustralianSuper, MLC, MTAA Super, REST Industry Super and ...

HNWIs give a boost to resurgent art market: Research

ALEX BURKE  |  WEDNESDAY, 14 MAR 2018
... growing Asian cohort, have boosted the global art market by 12% after two years of decline. UBS, in partnership with Art Basel, published a report containing macro-level analysis of global art-buying habits and found the market is now estimated at about ...

Skyring names new head of distribution

ALEX BURKE  |  TUESDAY, 13 MAR 2018
... established to meet a need created by tighter lending in Australia's commercial sector in the wake of the more restrictive Basel 3 requirements." "Having raised capital for multiple individual projects over the past decade, the team at Skyring have decided ...