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Showing 121 - 130 of 979 results for "Financial System"

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... the total credit issued in Australia. The RBA noted that managed funds' debt instruments as a share of the financial system has declined since 2016 as the low-interest rate environment drove many to increase weightings to equities in search of higher ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... personal insolvencies. The report found that although the risk of insolvency is increasing, its impact on the wider financial system continues to be minimal. The RBA said Australian banks are profitable and hold capital and liquid assets in excess of ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... people. "And I will leave the RBA after 43 years proud of our contribution to the stability of both our economy and financial system," he said.

RBA considers impact of climate on monetary policy

RACHEL ALEMBAKIS  |  WEDNESDAY, 30 AUG 2023
... particular, the heightened uncertainty around how the climate will change and how this will impact the economy and financial system," she said. "Furthermore, these changes are occurring over a prolonged timeframe, not just a normal business/policy cycle. ...

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... be powerful advocates for Australian consumers and investors, and for maintaining the integrity of Australia's financial system. I look forward to working with them." Treasurer Jim Chalmers said: "On behalf of the Albanese Government, I thank outgoing ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel firms to design consumer-centric financial products and optimise distribution strategies. The regulator ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... total, she has served close to 17 years with the central bank. Her responsibilities at the RBA have included the financial system, business services, the currency, and the payments system. She holds a Masters of Science (Economics) degree from the London ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... financial protection in Australia," he said. Kirkland said the scheme was the "missing link" in Australia's financial system as consumer groups have been advocating for it for decades. "The industry-funded scheme will ensure that many victims of ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... (FCA) and the Pensions Regulator, the BoE will bring together data and information from various parts of the financial system to develop system-wide and sector-specific insights. "The exercise is not a test of the resilience of the individual firms participating. ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has released the Draft Financial System and Regulator Metrics Framework, which are now open to industry consultation. ASIC and APRA will be assessed against three ...