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Showing 1161 - 1170 of 4167 results for "Action"

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
... March and 35.0% in February. But no problemo. If it were, the People's Bank of China (PBOC) would have sprung into action. But no, it left its benchmark interest rates unchanged - one-year loan prime rate at 3.85% and the five-year at 4.65% -- for ...

ASIC drops Regal action

ANNABELLE DICKSON  |  WEDNESDAY, 16 JUN 2021
The Australian Securities and Investments Commission (ASIC) has dropped enforcement action against Regal Funds Management following an investigation in 2019. Regal has received a formal no-action letter from the corporate regulator confirming that no ...

James Mawhinney files appeal

ELIZABETH MCARTHUR  |  TUESDAY, 15 JUN 2021
... has lodged an appeal with the Federal Court of Australia, claiming that he was denied procedural fairness as ASIC took action against Mayfair. "The Federal Court made decisions within the context of an ill-advised, deficient campaign by ASIC in an environment ...

IFM Investors named in class action

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
IFM Investors has been named in a class action regarding the Colonial Pipeline, which the industry fund investment house acquired in 2007 as part of a consortium. The class action was filed in the United States District Court in the Northern District ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... $300,000 to restore the three-bedroom house in Frenchs Forest, New South Wales. Every Australian wants to get a piece of the action. Homebuyers want to get in before house prices get even higher and property investors are revving up purchases in anticipation ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... manipulating the LIBOR rate to the advantage of hedge funds. The scandal also resulted in US homeowners filing a class action against their mortgage lenders, claiming that LIBOR manipulation made mortgage repayments more expensive. This case was based ...

Forex CT cops $20 million fine

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
... reflects the seriousness of this conduct. If corporations disregard the law and their client obligations, ASIC will take action and the consequences can be severe," ASIC commissioner Cathie Armour said. ASIC first initiated civil proceedings in the Federal ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... Parliamentary Joint Committee on Corporations and Financial Services Report Litigation funding and the regulation of the class action industry, which was handed down on 21 December 2020, contained 31 recommendations. The report showed the growth of litigation ...

Court says minister has 'duty of care' in coal investment

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
... changing its policies around climate change - which Barnden and McVeigh chalked up as a success. This latest case was a class action brought by the students against Environment Minister Sussan Ley in September 2020. The students alleged that approving ...

Super fund risk culture "immature": APRA

ELIZABETH MCARTHUR  |  FRIDAY, 28 MAY 2021
APRA executive director, superannuation division Suzanne Smith has warned superannuation funds that the regulator is looking out for toxic corporate culture and instances of misconduct. Speaking at the ASFA Spotlight on Risk and Compliance event, Smith ...