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

Search Results

Showing 1111 - 1120 of 6018 results for "Credit"

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
Australia's mutual banks, building societies and credit unions (the mutuals) increased in net assets but fell in profitability over FY22. According to KPMG Mutuals Industry Review 2022, net assets jumped 7.8% to $11.2 billion, up from 5.5% growth ...

First Sentier names global responsible investment head

RACHEL ALEMBAKIS  |  FRIDAY, 25 NOV 2022
... appointed as a RI specialist in the London office. He moves into that role in the new year from his current role as a senior credit analyst. The recent additions follow on from the appointment of RI nature and biodiversity specialist Joanne Lee, based ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... executive leader Leah Sciacca explained that all financial advisers will need to register with the ASIC Financial Services and Credit Panel, in addition to being registered on the Financial Advisers Register. Appearing alongside the FPA's Ben Marshan ...

'Our fears were warranted': Chant West proposes YFYS alternative

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
... provided very effective protection in the FY22 investment environment when major asset sectors fell significantly." To its credit, the performance test has identified and eliminated some funds that were sub-standard and destined to fail, however, Chant ...

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... strengthening the BNPL Industry Code in consultation with government and the affordability test may include checking a consumer's credit score as a proxy of their credit risk. BNPL providers would not be required to verify a customer's financial situation. ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... 300,000 disputes, an average of 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most complaints. The one-stop-shop ...

Super funds told to report asset valuations more frequently

ANDREW MCKEAN  |  FRIDAY, 18 NOV 2022
APRA has released updated guidance on investment governance for superannuation trustees. The update, which comes into effect in January of next year, is designed to assist trustees in meeting their requirements under the recently strengthened Prudential ...

NAB to wind up custody business

JAMIE WILLIAMSON  |  FRIDAY, 18 NOV 2022
... s ignificant loss was that of CareSuper in the first half of 2021 after more than two decades as its custodian. To its credit, NAB is the only major domestic bank still providing custody services in Australia, having itself acquired Commonwealth Bank's ...

BetaShares unveils interest rate hedged bond ETF

CHLOE WALKER  |  THURSDAY, 17 NOV 2022
... contained in HCRD aims to reduce volatility and capital variability of the bond portfolio. HCRD retains full exposure to the credit component of the portfolio as a primary source of return. BetaShares chief executive Alex Vynokur said HCRD uses an intelligent ...

ASIC suspends FTX Australia's licence

ANDREW MCKEAN  |  WEDNESDAY, 16 NOV 2022
ASIC has suspended the Australian financial services licence of embattled crypto company FTX. FTX entered voluntary administration on November 11, and the AFSL is suspended until 15 May 2023. However, for the time being, FTX can continue to provide ...