Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 131 - 140 of 2253 results for %22Treasury%22

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... outflows of client funds," said FINMA. "This was intensified by the upheavals in the US banking market in March 2023." US Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell showed their support for the new entity, which is expected ...

ASX shifts slightly on Credit Suisse, First Republic

CASSANDRA BALDINI  |  FRIDAY, 17 MAR 2023
... support and for strengthening its liquidity position. "The deposit from those major banks along with comments from US Treasury Secretary Janet Yellen, about providing liquidity and capital support to regional US banks helped to stabilise California lenders," ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... companies confirm minimal exposures to the Silicon Valley Bank failure. Early this morning, a joint statement from US Treasury secretary Janet Yellen, Fed chair Jerome Powell and Federal Deposit Insurance chair Martin Gruenberg announced all insured ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... Australian Financial Complaints Authority (AFCA), including managed investment schemes (MIS)," Abood said. Of note, yesterday Treasury announced the start of its review of the regulatory framework for MIS, aimed at identifying gaps and potential areas ...

Senate inquiry to scrutinise proposed franking credit rules

ANDREW MCKEAN  |  THURSDAY, 9 MAR 2023
... and capital raisings. In February, assistant treasurer and minister for financial services Stephen Jones introduced the Treasury Laws Amendment (2023 Measures No.1) Bill 2023. The purpose of the Bill is to ensure consistency in tax treatment for both ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
Treasury is commencing its review of the regulatory framework underpinning managed investment schemes (MIS), targeted at identifying gaps and possible areas for improvement. The review was announced as part of the Albanese government's first federal ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... environmental record." On the subject of climate-related disclosure standards, Longo noted that ASIC is working with Treasury and peers on the Council of Financial Regulators as well as contributing to the ISSB standards through their role in IOSCO. ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... Holdings were excluded in the options, Mercer said. Another 15 companies like Budweiser Brewing, Carlsberg AS, Heineken and Treasury Wine Estates were also omitted. In doing so, ASIC said Mercer made false and misleading statements and engaged in conduct ...

ASIC questioned over workplace culture

CASSANDRA BALDINI  |  THURSDAY, 23 FEB 2023
ASIC has been asked if its culture is toxic following the Treasury investigation into deputy chair Karen Chester. At a hearing this morning, a letter written by Secretary Treasurer Kennedy to ASIC chair Joe Longo regarding Chester's conduct was ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... abuse should be extended and made applicable to all major and violent crimes, associations say. In a joint submission to Treasury, Chartered Accountants Australia and New Zealand, CPA Australia, the Financial Planning Association of Australia, the Institute ...