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Showing 1361 - 1370 of 6177 results for "Statement"

ASIC quietly granted new access to phone taps

ELIZABETH MCARTHUR  |  THURSDAY, 11 JUN 2020
While other legislation and regulatory work was delayed as a result of COVID-19, ASIC was recently granted the power to receive intercepted information, such as tapped phone calls. ASIC cannot tap phones itself or obtain an interception warrant, however ...

Chief economist update: Don't fight the Fed

BENJAMIN ONG  |  THURSDAY, 11 JUN 2020
... legally supposed to be serving? We're supposed to be serving maximum employment and stable prices," Powell said. This statement underwrites continued gains in the US equity market as it maintains TINA (there is no alternative) and warns against that ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
Hamilton Blackstone Lawyers managing director Cristean Yazbeck has argued that ASIC is mainly concerned with its own reputation and the media releases it can put out in relation to action on financial advisers. Yazbeck said in a paper that after ASIC ...

Report reveals superficiality of ESG pledges

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... concerned about the impact of climate change on their investments. To join the group, institutional investors must sign a "statement of commitment" which asks them to demonstrate progress incorporating the risks and opportunities associated with climate ...

WAM responds to Keybridge claims

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... of the orders made in the proceedings. The corporate watchdog has extended the deadline for dispatching the bidder's statement to allow time for WAM to process its application. It noted that the fund manager's offer still stands. "The unconditional all ...

Dealer groups slam FPA policy

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... Matthew Rowe, Fitzpatricks chief executive Matt Fogarty and Paragem chief executive Nathan Jacobsen have all signed a statement disagreeing with the FPA. "To suggest that self-licensing would eliminate 'unnecessary' layers of cost is wrong and demonstrates ...

Chief economist update: Australian recession - the next generation

BENJAMIN ONG  |  THURSDAY, 4 JUN 2020
... the advice that I have from the Treasury Department about where the June quarter is expected to be." Frydenberg's statement comes after the Australian Bureau of Statistics (ABS) released its March quarter 2020 National Accounts report that showed ...

38 staff punished over AUSTRAC scandal: Westpac

ELIZA BAVIN  |  THURSDAY, 4 JUN 2020
... copped a range of remuneration consequences as a result of the bank's investigations into the AUSTRAC scandal. In a statement, the bank confirmed it should have recognised the faults in its systems earlier. "The report noted that, with the benefit ...

Boutique to remediate clients

KANIKA SOOD  |  WEDNESDAY, 3 JUN 2020
... impacted. "All investors, past and present, will be remediated by the RE and its affiliates," the company said in an emailed statement.

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... Bank's communication with ASIC on the redraw issue," ASIC chair James Shipton said in a letter to Wilson. McPhee's statement before the committee noted that ME Bank notified ASIC of the redraw facility issue and the possibility of altering redraw ...