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Showing 101 - 110 of 1006 results for "Financial System"

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... he warned, would create the perception that it underwrites investment losses, introducing "moral hazard to our financial system." Economic opportunities Briggs said the arguably most obvious, yet most pressing area of deregulation - one which promises ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... intelligence, data and cyber risk, are all key factors influencing the way ASIC views the issues facing Australia's financial system," it said. ASIC said it was focused on the changing dynamic between public and private markets, and superannuation members ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... sector stakeholders," Chalmers said. "This release marks an important step forward as we continue to build a financial system that is stronger and more resilient, dynamic, competitive, and fit for the future." ASFA chief executive Mary Delahunty welcomed ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... cryptocurrencies." "The opportunity to use that technology [blockchain] to perhaps reduce friction that sits within the financial system is very interesting, and there are a number of companies, particularly in the listed arena, predominately in the ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... for transaction costs, operational demands, and liquidity sources from the actions of peers or elsewhere in the financial system, APRA said.

Chalmers unveils new-look RBA boards

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... and deputy chair of the Australian Banking Association. "She will bring a deep understanding of Australia's financial system and an important regional perspective to considerations on monetary policy. Ms Baker has been appointed for a five-year term," ...

Productivity Commission tasked with five new inquiries

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... our merger system in almost 50 years, abolishing nearly 500 nuisance tariffs, boosting competition across our financial system, reforming skills and education, establishing a comprehensive review of R&D, reforming the delivery of aged care, modernising ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
After a decade in the making, an objective of superannuation has been legislated, with the bill passed in parliament yesterday. Now enshrined in legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... policy tools are aimed at mitigating financial stability risks at a system-wide level to promote a safe and stable financial system. In reaching the decision to keep the settings steady, APRA said it took account of high household indebtedness and a ...