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Showing 91 - 100 of 598 results for "Financial Sector"

Board addition strengthens strategic relationship

ELIZABETH MCARTHUR  |  MONDAY, 26 AUG 2019
Challenger has appointed a non-executive director from MS&AD Insurance Group Holdings as part of its expanded strategic relationship with the Japanese insurer. Masahiko Kobayashi joins the Challenger board as part of the strategic relationship which ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
In ASIC's latest enforcement update, the regulator has made clear it is accelerating enforcement action now that the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ...

Westpac fined over reporting failure

ELIZABETH MCARTHUR  |  THURSDAY, 8 AUG 2019
... Finance Holdings and Capital Finance Australia will pay more than $1.5 million after breaching requirements of the Financial Sector (Collection of Data) Act 2001 (FSCODA) by failing to report data to APRA. APRA said Westpac was 20 days late filing its ...

AFCA delivers $83 million win

ELIZABETH MCARTHUR  |  MONDAY, 15 JUL 2019
... AFCA. "AFCA stands firmly on the side of fairness and a key part of our role is increasing transparency in the financial sector," Locke said. "We have published this report so that Australians can see which financial products and services receive the ...

CBA down, industry up for employment

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... security in Australia." Despite the benefits the industry can offer employees, Ribuot said: "We love to hate our financial sector. My view is that's an inaccurate picture of the sector." He went on to explain that people who actually work in the sector ...

FSU seeks transparency on CBA job cuts

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... of its planned job cuts across its branches and technology division, alleged to affect 10,000 employees. The Financial Sector Union said it wrote to CBA chief executive Matt Comyn asking to confirm or deny these reports so that "workers know where they ...

Chief economist update: Hoping for the best, preparing for the worst of Brexit

BENJAMIN ONG  |  THURSDAY, 4 APR 2019
... "It's alarmingly high now." (Reuters). But while the BOE governor thinks there is plenty to worry about, the financial sector is not one of them. The FTSE-100 index's 10.3% rally this year gives credence to his statement. The Financial Times ...

Budget 2019-20: Social media reacts

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... help restore some much-needed trust. NEWS: #Budget2019 Funding boost for regulators vital to restoring trust in financial sector https://t.co/WFqHwgyrq3 #budget #AusPol @meganmotto pic.twitter.com/DJgit3VNoM - Governance Institute of Australia (@GovInstAus) ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... will ensure it has the resources it needs to perform its critical role in ensuring the law is adhered to in the financial sector and consumers are put first, second and third," Frydenberg said. "The funding for APRA will strengthen and improve its capabilities ...