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

Search Results

Showing 101 - 110 of 5716 results for "Banks"

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... managers with the largest negative net flows were spun out of the large wealth managers owned by Australia's largest banks and then divested in the wake of the scandals exposed by the Royal Commission, Rainmaker said. As an example, AMP Capital's ...

Platforms FUM falls $20bn: Report

CHLOE WALKER  |  WEDNESDAY, 12 JUL 2023
... were Macquarie Group (3.8%), Mercer (4.8%) and Praemium (4.9%). Plan For Life noted that these results came despite central banks ending an unprecedented era of ultra-low interest rates and moves to normalise monetary policies to get a handle on infl ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
The US Federal Reserve has proposed a regulatory overhaul in which the nation's largest banks would be forced to hold more capital in hopes future meltdowns in the sector can be prevented. Federal vice chair for supervision Michael Barr outlined ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... is in mid-level client service roles with limited or no supply in many regions. "The flow-on effect of the group exits of banks and institutions switched off graduate entry supply channels and that has started to bite. We see outsourcing not only becoming ...

Asset managers dismiss liquidity risks: FCA

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
... institutions to offer consumers fair and competitive saving rates. The FCA said that it has seen "some positive action by banks and building societies to improve their rates, and to ensure their customers are benefiting from better value products". "We ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... obligations is leaving hundreds of institutions open to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 Information Security by the end of the year. It has so far assessed ...

HESTA generates 9.59% investment return

ANDREW MCKEAN  |  THURSDAY, 6 JUL 2023
... interest rate sensitive assets such as bonds, property, and infrastructure struggled, encumbered by rate rises from central banks combatting persistently high inflation. HESTA chief investment officer Sonya Sawtell-Rickson said while the fund expected ...

iPartners launches property credit fund

KARREN VERGARA  |  THURSDAY, 6 JUL 2023
... and selectively invested while waiting for the market to correct". "In the current economic and regulatory environment, banks and other non-bank lenders may continue to pull back from the market as they deal with problems in legacy portfolios that were ...

E&P appoints new chief executive

KARREN VERGARA  |  FRIDAY, 30 JUN 2023
... restructures for the likes of Babcock & Brown, Slater and Gordon, Hastings Funds Management and Arrium, as well consulted for banks syndicates, bond holders and hedge funds. Anderson is a chartered accountant and previously worked as a liquidator. Keeble ...