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Showing 1331 - 1340 of 6463 results for "Regulatory"

ASIC cracks down on former adviser, comedian

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
A former financial adviser who doubles as a comedian has had his assets frozen and been barred from leaving the country as the regulator investigates fees charged to client superannuation accounts. Last month, David Mario Valvo of Sydney was ordered ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... robust liquidity metrics: a 138% average liquidity coverage ratio and a 118% net stable funding ratio, both exceeding regulatory minimums. "Credit quality was resilient in 3Q23, and the group remains well provisioned," Westpac said. Credit impairment ...

DB Results launches policy admin system

CHLOE WALKER  |  MONDAY, 21 AUG 2023
... of the time and cost of the alternatives." "In an industry experiencing rising costs, shrinking margins, and growing regulatory oversight, as well as increased security risks, our solution is a game changer that will drive the industry into a new stage ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
Melbourne-based cryptocurrency lender Helio Lending (Helio) has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held ...

ASIC appeal in CBA, CFS case dismissed

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
Having had its initial conflicted remuneration case against Commonwealth Bank and Colonial First State dismissed in September 2022, ASIC's appeal of that decision has also now been dismissed. The case was first brought by ASIC in June 2020 and related ...

ASX profits hit by CHESS setbacks, acts on review findings

ANDREW MCKEAN  |  THURSDAY, 17 AUG 2023
... of ensuring our stakeholders are part of the journey. "Equally important will be the relationship of trust with our regulatory agencies. ASX must continue to work closely and constructively with them, and we have sought to lift the levels of transparency ...

Industry Fund Services enters strategic partnership

JAMIE WILLIAMSON  |  THURSDAY, 17 AUG 2023
... human-supported financial wellbeing services leveraging today's rapidly evolving technologies and utilising the changing regulatory landscape to help more Australians retire better," IFS chief executive Csaba Baranyai said. "This work will be research ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
ASIC has proposed a five-year extension to the design and distribution obligations (DDO), the instrument for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel ...

Equity Trustees to exit UK, Ireland

ANDREW MCKEAN  |  TUESDAY, 15 AUG 2023
... continuing to fund operating losses until the divestment is complete. "As advised in a market announcement on June 22, the regulatory environment continues to intensify, structural changes are occurring in the market and competition has increased significantly ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
Challenger Life reaped the benefits of regulatory reforms in the 2023 financial year and a greying population as retail and institutional investors alike increasingly turn to retirement income products. Annuity sales stemming from the domestic retail ...