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Showing 1441 - 1450 of 2989 results for "ARRA"

Institutions grappling with risk culture

KERRIE SYDEE  |  WEDNESDAY, 19 OCT 2016
APRA acknowledges that despite a stronger focus on risk culture, most institutions are grappling to articulate what type of risk culture they aspire to have, let alone how they will address weaknesses. In a paper released yesterday, APRA said the inability ...

Antipodes LIC launches on ASX

ALEX BURKE  |  TUESDAY, 18 OCT 2016
After closing above $300 million, the Antipodes Global LIC has debuted on the ASX. Trading at $1.11 per share, the LIC is designed to provide retail investors with access to a long-short global securities investment portfolio with active currency management. ...

Super reforms finalised by year's end

DARREN SNYDER  |  MONDAY, 17 OCT 2016
Treasurer Scott Morrison is adamant the government's wave of superannuation reforms will be introduced to parliament by the end of 2016. Morrison released the third tranche of reforms on Friday and said the legislative amendments better target superannuation ...

Livestock finance firm completes bond issue

DARREN SNYDER  |  THURSDAY, 13 OCT 2016
FIIG Securities says a recent $30 million bond issue by a livestock finance group exemplifies how companies can use bonds to diversify their debt profile and fund new growth. StockCo completed the bond issue as part of a capital restructuring that will ...

ASX responds to CFR regulatory expectations

KERRIE SYDEE  |  WEDNESDAY, 12 OCT 2016
The ASX has updated its Cash Equities Clearing and Settlement Code of Practice to align with new Council of Financial Regulators (CFR) policy statements. In March the Federal Government asked CFR to prepare the policy statements to ensure the right ...

AIST wants higher concessional cap for older workers

DARREN SNYDER  |  MONDAY, 10 OCT 2016
The Australian Institute of Superannuation Trustees is urging the federal government to retain the $35,000 concessional cap for older workers. As the AIST finalises its submission to the second tranche of superannuation reforms it argues the existing ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
On the eve of the Financial Services Council publishing its Life Insurance Code of Practice, industry bodies have collectively reinforced their beliefs on the purpose of group insurance in superannuation. The Association of Superannuation Funds of Australia ...

Client needs to drive transitioning businesses

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
Advisers must understand the needs of their clients in order to identify the best means of achieving business sustainability in light of recent MDA class order revisions, according to Mason Stevens. The managed accounts provider welcomed the reforms ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON  |  FRIDAY, 30 SEP 2016
The operation of limited MDAs is to be terminated under new, long-awaited regulatory reforms released by ASIC yesterday. The regulator has made amendments to Regulatory Guide 179, the most significant being the removal of the regulated platform no-action ...

Federal Court approves OneVue merger arrangement

ALEX BURKE  |  TUESDAY, 27 SEP 2016
The Federal Court has made orders approving the scheme of arrangement between OneVue and Diversa. As a result, Diversa has submitted the orders to ASIC, meaning the merger scheme is now legally effective. At the close of trading today, Diversa's shares ...