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Showing 131 - 140 of 1021 results for "Financial Institutions"

Supercharging Australia's climate investment action

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... strengthen the framework of mandatory climate-related financial disclosure requirements for large businesses and financial institutions including superannuation funds and investment managers. Abatement strategies utilised by these players will also be ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... national consensus, shift the focus from savings to retirement income, and elevate service standards for major financial institutions. At an Industry Super Australia (ISA) pre-budget event, Jones said that the government wants to form a national consensus ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
A BlackRock subsidiary has been tasked with disposing the mortgage-backed assets of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... come into focus and fears of contagion have risen across the broader financial sector, including nonbank financial institutions." Global growth is forecast to decline from 3.4% in 2022 to 2.8% in 2023, assuming that recent financial sector stresses are ...

New Australian digital assets bill to regulate crypto

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... of their face value liabilities in accounts with an Australian ADI. Further, the Bill requires banks and financial institutions to disclose their use and management of foreign CBDCs in Australia to ASIC and the Reserve Bank of Australia (RBA). "The Digital ...

Global crypto platform expands to Australia

ANDREW MCKEAN  |  THURSDAY, 30 MAR 2023
... the global cryptocurrency market, Rafique pointed to the country's strong investing culture and robust financial institutions. Rafique highlighted the abundance of engineering talent in Australia and expressed optimism for the development of the crypto ...

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... work on building resilience in the system is never finished," he added. Lonsdale further noted Australian financial institutions are also currently very focused on the threat of cyber-attacks and are working hard on their defences and responses to an ...

It's not 2008, but there's likely more pain ahead: Iggo

CHLOE WALKER  |  TUESDAY, 28 MAR 2023
... interest coverage. According to Iggo, being defensive is understandable given the concerns about other financial institutions. "Things might get worse in the short-term... it's difficult to see equity markets performing well in such an environment," ...

Super funds are lousy at communications: Strategist

CHLOE WALKER  |  TUESDAY, 21 MAR 2023
... hear it', and they get frustrated," Ralph said. Ralph said that one reason for this is traditionally, financial institutions map what they call a "customer journey", which tends to be demographically led. "Increasingly, however, what we're seeing ...

Spotlight shines brighter on climate reporting: Expert

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... manage climate risks and invest in new opportunities," Chalmers said. "It will ensure large business and financial institutions are providing more information and greater transparency on how they are responding to climate change and supporting the transition ...