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Showing 111 - 120 of 5716 results for "Banks"

Netwealth relaunches Wealth Accelerator

JAMIE WILLIAMSON  |  FRIDAY, 30 JUN 2023
... support, and generation of a range of reports. It also includes third-party data feeds, importing clients' data held with banks and other financial institutions, residential property information, and asset holdings. Netwealth said this is the first time ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... risks." For example, he said: "They acted very quickly to resolve the issues around Silicon Valley Bank and the other regional banks in the US, and we saw similar very rapid reactions here in Europe, in response to the problems with Credit Suisse, for ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... APRA's mandate requires a strong focus on financial system resilience by ensuring the financial safety and soundness of banks, insurers, and superannuation entities. However, APRA does not pursue a zero-failure objective. APRA cannot eliminate the risk ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... because Credit Suisse was experiencing a crisis of confidence, which 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 ...

Industry bodies respond to QAR recommendations

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... providing advice for the meantime. "The recommendations that would have slashed consumer protections for advice provided by banks, insurers and fund managers were criticised by a broad range of stakeholders, including academics and independent financial ...

Treasury to scrap advice admin burdens, boosts intra-fund advice

KARREN VERGARA  |  TUESDAY, 13 JUN 2023
... representative; and holding representatives to an appropriate duty. Stream Three will examine the role for other institutions such as banks and insurers. "As Treasury is working on implementing the recommendation for superannuation funds to provide more ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... an updated statement of expectations for APRA which includes the adoption of climate reporting standards by super funds, banks and insurers. "For the first time, the government is explicit in requiring the regulator to consider risks related to climate ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
... have a smooth and well-planned process to phase out this form of payment," said ABA chief executive Anna Bligh. "Australian banks will work with the government to ensure that customers and businesses are ready for a gradual and orderly phase out." Linked ...

Dexus, Partners Wealth Group airport fund to take off

CHLOE WALKER  |  MONDAY, 5 JUN 2023
... said. Partners Private was launched in December 2021 to provide access to investments traditionally reserved for investment banks and family offices.