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

Search Results

Showing 1301 - 1310 of 3211 results for "Power"

Retail clients win under new ASIC powers: Lawyers

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... financial and credit products by making orders to prohibit specified conduct related to the product. "The product intervention power gives ASIC a powerful weapon in its enforcement armoury. It also gives ASIC a new risk - that of being held accountable ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
"The heat is on, the heat is on, the heat is on Oh it's on the street, the heat is on..." - Glenn Frey Oh yes, Virginia, the Reserve Bank better deliver a cut in interest rates when its board meets next week (June 4) or there'll be a lot of ...

Former Beacon adviser banned

KANIKA SOOD  |  FRIDAY, 24 MAY 2019
... month. The banning order was made under the Corporations Act 2001 sections 920A(1) and 920B(2). Section 920A gives ASIC the power to ban a person for reasons that include: failing to comply with licensee obligations; cancellation or suspension of person's ...

APRA flexes new muscles

HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
APRA has invoked its new powers for the first time, directing IOOF and its superannuation entities to implement and maintain an Office of the Superannuation Trustee (OST) within the group or risk facing a financial penalty. The move comes after IOOF ...

Calastone blockchain goes live

KANIKA SOOD  |  TUESDAY, 21 MAY 2019
The global funds network that has transacted for over 1100 funds in its Australian network has gone live with blockchain-powered infrastructure. Calastone has migrated 1800 customers from 41 markets to the new distributed market infrastructure (DMI). ...

Advice and accounting align post-Royal Commission: CountPlus

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
New research released by CountPlus shows that Australia's advice and accounting sectors will rapidly converge in the post-Hayne world. The CountPlus whitepaper argues that a new space defined by professionalism and quality advice outcomes is rapidly ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
A funny thing happened along the way to the Reserve Bank of Australia's (RBA) scheduled monetary policy meeting on May 7 and ahead of the May 18 Federal Election. While the slowing momentum in Australia's economic and survey indicators, and ...

Beware disruptors: Antipodes

ELIZABETH MCARTHUR  |  FRIDAY, 3 MAY 2019
... Microsoft, there are also weak incumbents - she counts IBM among the weak incumbents. "We believe that the incumbents do have a power to them because of the customer lock. However, if it's a weak business model we don't want to own them." Savas says ...

IRESS partners with bank

ELIZABETH MCARTHUR  |  THURSDAY, 2 MAY 2019
Financial technology provider IRESS has partnered with one of Australia's newest banks for a streamlined mortgage offering. A new partnership between IRESS and Volt will see IRESS' mortgage software, MSO, rolled out to Volt's mortgage customers. One ...

Industry funds announce $26bn joint venture

KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
... try and hold down the fees as much as possible," Fairley said. The combined $26 billion pool will have more negotiating power with key external parties such as investment managers and insurers, he said. The two funds are currently conducting final due ...