Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 91 - 100 of 531 results for properly

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... represent the largest ever civil penalty in Australian history. As part of the agreement, Westpac admitted it failed to: Properly report over 19.5 million IFTIs amounting to over $11 billion dollars to AUSTRAC. Pass on information relating to the origin ...

UBS makes private wealth strategy shift

ALLY SELBY  |  MONDAY, 14 SEP 2020
... investments are created equal, UBS global wealth management chief investment officer Mark Haefele said. "Investors need a properly diversified sustainable portfolio that has the flexibility to source new opportunities and consider new risks," he said. ...

ESG crisis returns overcooked: Research

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... The researchers found, once the firm's industry affiliation and risk measures (accounting and market based) have been properly controlled for, ESG scores can't explain the returns during COVID-19. "Specifically, ESG is insignificant in fully specified ...

Bond investor sues Australian government

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
A 23 year old woman is suing the Australian government, claiming climate change risk was not disclosed properly when she invested in exchange traded bonds. Kathleen (Katta) O'Donnell is being represented by Equity Generation Lawyers principal David ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... federal court proceedings against Westpac in 2017 alleging that between December 2011 and March 2015 the bank failed to properly assess whether borrowers could meet their repayment obligations before entering into home loan contracts. In August 2019 ...

FSU secures super pay increases

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... important contribution that they make towards the positive outcomes for customers and members means that employees are properly and fairly remunerated," she said. "Our negations with Hostplus is an example of this. Salary outcomes have resulted in greater ...

APRA funds can learn from SMSFs: Rice Warner

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... said SMSFs cater well for retirees as their structures are more sensible and allow retirees to manage their finances properly. The company said despite their small size, these funds have advantages in three key areas; administration including fund and ...

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
... "inexcusably" failed to detect or prevent millions of dollars of suspicious transactions. The DFS said the bank failed to properly monitor account activity conducted on behalf of the registered sex offender despite ample information that was publicly ...

FIIG calls for taxation, regulatory overhaul

ELIZA BAVIN  |  FRIDAY, 19 JUN 2020
... one that surfaces every now and then and when it does, everyone agrees that Australia would be far better off with a properly functioning corporate bond market, however the only change to date has been immaterial and a tinkering at the edges with no ...

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
... their files; they couldn't find out what had gone on. "Our view is - if you collect the data and you interpret it properly - you can prevent these issues from occurring in the first place." The new capability will help take away some of the burden ...