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Showing 91 - 100 of 578 results for "Reference"

Financial adviser reference checks under scrutiny

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
ASIC has released a consultation paper seeking feedback on reference checking protocols for financial advisers and mortgage brokers. Requiring financial advisers to have reference checks was one of the recommendations to come out of the Royal Commission. ...

Court rules insurers to cover COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 19 NOV 2020
... in insurance policies to quarantinable diseases under the old act and subsequent amendments should be construed as a reference to listed human disease under the Biosecurity Act. Maurice Blackburn principal Josh Mennen said that insurers essentially made ...

Bloomberg indices to rebrand

KARREN VERGARA  |  THURSDAY, 19 NOV 2020
Bloomberg will rebrand one of its widely-referenced indices on 24 August 2021. The Bloomberg Barclays fixed income benchmark indices will soon be known as the Bloomberg Indices. The move is part of a co-branding agreement with Barclays Risk Analytics ...

FASEA urged to clarify in-house product conflicts

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
... broadsword to 'knock out' all 100 files in one hit, based on a perceived conflict by a disinterested person - without any reference to the specific recommendations made to each client." The Financial Planning Association of Australia (FPA), in its submission ...

Aussie asset managers fourth-fastest in global growth

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
Australian asset managers are the fourth-fastest growing of their global peers, clocking in 11.9% in compounded annual growth over the last five years, says a new report from Willis Towers Watson. Willis Towers Watson's Thinking Ahead Institute published ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... highlighted was that: "The account managers engaged on behalf of OTM were instructed to "kill your customers", which was a reference to the purpose of the defendants to encourage deposits and trades and ultimately for those clients to lose their funds. ...

Transition away from LIBOR continues

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
ASIC, APRA and the RBA have joined forces in the transition away from LIBOR, which is expected to cease at the end of 2021. Last week, the International Swaps and Derivatives Association (ISDA) announced that it will launch the 2020 IBOR Fallbacks Protocol ...

AUSTRAC releases guidance on wildlife trafficking

ALLY SELBY  |  MONDAY, 12 OCT 2020
... trafficked animals in China, Hong Kong and Taiwan); considering international and domestic payments details that may reference the animal species purchased; tracking payments for animal-related goods and services; tracking payments made to individuals ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... likely to not maintain cover." The report, which includes findings, recommendations, and a paper on the framework for a 'reference product' for risk and uncertainty assessment, involved input from over 40 actuaries, and discussions with regulators, Treasury ...