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Showing 1151 - 1160 of 7374 results for "System"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... manifested in considerable outflows of client funds. The banks predicament was worsened by recent disruptions in the US banking system in March 2023. "It was necessary for the authorities to take action in order to prevent serious damage to the Swiss ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... APRA to discharge its responsibilities regarding regulated entities. "Our priority is to ensure Australia's financial system remains stable and robust and that the regulator is responsive to changing economic conditions," Chalmers said. "The statement ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
Suncorp has signed an Enforceable Undertaking with the Fair Work Ombudsman and reimbursed its staff with a back-payment of $32 million, inclusive of interest and superannuation. Suncorp underpaid nearly 16,000 employees between May 2014 and March 2022. ...

Former QIC exec now OMERS risk chief

ELIZABETH FRY  |  FRIDAY, 9 JUN 2023
A longstanding QIC risk specialist has been named the Ontario Municipal Employee Retirement System's (OMERS) new chief risk officer, reporting to the Canadian pension fund's chief executive Blake Hutcheson. Joining OMERS in 2020, Deb Barnes ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... strategic plan yesterday in front of the Australian Banking Association and said the vision is to create a modern, world-class system. In his address, he said the usage of cheques has been declining with a 90% drop over the last 10 years. "This is largely ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
Regtech provider for financial advisers Fourth Line has acquired the intellectual property of defunct startup TIQK. The assets include artificial intelligence and natural language processing technology. Fourth Line chief executive Joel Ronchi said that ...

Advisers pivot to protect retirees from inflation

CASSANDRA BALDINI  |  WEDNESDAY, 7 JUN 2023
... could impact where they are 15 and 20 years into retirement. "Many of the costs of accessing the Australian healthcare system are linked to our social security system," he pointed out. "MRIs, ultrasounds, or all sorts of different medical tests can be ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
... concerns, she affirmed the ASA's support for measures that address intentional tax avoidance or manipulation of the franking system.

ASX lays out five-year plan to restore trust

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... to evolve beyond 2025 and there will be further support and maintenance activities until 2032 or such time as the CHESS system in replaced," ASIC said. The ASX is set to respond to ASIC's first special report by the end of June. In July, it will ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... it is expected that technology companies will encounter the most significant risks and have the potential for profound system-wide impacts, many other sectors will also experience material effects due to AI technology. Certain risks, such as cyber security ...