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Showing 131 - 140 of 979 results for "Financial System"

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... APRA to discharge its responsibilities regarding regulated entities. "Our priority is to ensure Australia's financial system remains stable and robust and that the regulator is responsive to changing economic conditions," Chalmers said. "The statement ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... In such events, the plan ensures APRA can resolve issues with "limited" adverse impacts on the community and financial system. Another function of CPS 900 is to safeguard the continuity of "critical financial services", minimising disruptions in the ...

Praemium names chief technology officer

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
Richard Large has been appointed to the role of chief technology officer and will join Praemium's executive team immediately. He will be responsible for developing and executing the company's technology strategy and ensuring it remains at the ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
Cost of living pressures and the transition to clean energy took centre stage on federal budget night as the Labor Party unveiled a package of measures in response to mounting economic uncertainties. Federal treasurer Jim Chalmers delivered the 2023-24 ...

Funding boosts ASIC greenwashing remit

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... Chalmers said. "This lays the foundation for an Australian Sustainable Finance Strategy which will support the financial system to fund the transformation to net zero, and ensure Australian firms remain competitive in global capital markets," he said. ...

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... liquidators and is now seeing justice for investors through the criminal court." To ensure a fair and strong financial system, and to protect consumers, financial services businesses need to be licensed, Court said. "Those promoting unlicensed businesses ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... Monetary Policy Board and a Corporate Governance Board; the former would look at monetary policy decisions and financial system stability alone, while the latter would be focused on corporate governance. The Monetary Policy Board would comprise the governor ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... independent agency of the federal government. Mandated with the job of maintaining stability and calm in the financial system, it aims to do so by insuring deposits, managing receiverships, and supervising financial institutions' activity.

We need to be ready: APRA

CASSANDRA BALDINI  |  WEDNESDAY, 29 MAR 2023
... across the pond. In an address on Tuesday, APRA chair John Lonsdale said no matter how resilient the nation's financial system is, what happens globally can still impact it to a greater or lesser extent. "We need to be ready to act quickly, but we also ...