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Showing 1551 - 1560 of 2811 results for "Regulation"

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
... professional standards that allow the regulator to focus on the industry's systemic problems. "Everybody looks at the regulation, but the real problem is a cultural one: people who put commercial interest on top of everything else," he said. To Rantall ...

Portfolio disclosure's unintended consequences

ALEX DUNNIN  |  TUESDAY, 22 APR 2014
Stronger Super's portfolio disclosure rules present major challenges to super funds investing in private markets, not because the investments are opaque but because portfolio disclosure could require them to disclose their intentions about future transactions. ...

APEC releases Asian Funds Passport discussion paper

JAMES FERNYHOUGH  |  THURSDAY, 17 APR 2014
The federal government, with Asia-Pacific Economic Cooperation (APEC), has released a consultation paper on the Asia Region Funds Passport. The paper was authored by the passport working group, which includes Australia, South Korea, New Zealand, the ...

Professor proposes cheap longevity insurance design

JAMES FERNYHOUGH  |  TUESDAY, 15 APR 2014
... money and there's this hunger for innovation, there's an openness for innovation, you're not bogged down in as much regulation as there is in the US. "It could become the Australian model of retirement income." He illustrated the current state of affairs ...

SMSFs need no more regulation: Treasury

JAMES FERNYHOUGH  |  THURSDAY, 10 APR 2014
... argued in its submission to the Financial System Inquiry. It said that a major attraction of SMSFs was the light-touch regulation, providing freedom for trustees to engage more closely with their superannuation. "Continuation of the light-touch compliance ...

SEC reopens target date funds disclosure review

ALEX DUNNIN  |  WEDNESDAY, 9 APR 2014
... account balances. These recommendations are the basis of the SEC discussion paper. Interest in consumer protection regulation around target dates is growing because while they represent only a small proportion of the overall US retirement savings system ...

ASIC should regulate SMSFs as a financial product: PwC

LAURA MILLAN  |  WEDNESDAY, 9 APR 2014
... consumer protection and suggested that ASIC should regulate SMSFs as financial products, while the Australian Prudential Regulation Authority (APRA) should oversee and develop policy to "prevent a build-up of systemic risks related to SMSFs." The submission ...

ASIC eyes fee for service funding model

LAURA MILLAN  |  TUESDAY, 8 APR 2014
... licensees. However, ASIC collects only $3.7 million in registry fees from AFS licensees, approximately 3.5% of the cost of regulation. ASIC proposed a hybrid model based on a fee for service, but where "all costs not recovered by fees would be aggregated ...

Reduce corporate tax rate, says Macquarie

JAMES FERNYHOUGH  |  TUESDAY, 8 APR 2014
... attracting foreign investment and exporting its financial services. Most suggestions involved lower taxes and less regulation, which would be of benefit to businesses like Macquarie regardless of whether or not they turned Australia into a finance hub. ...

Westpac to open branch in Shanghai

JAMES FERNYHOUGH  |  TUESDAY, 8 APR 2014
Westpac has received approval to set-up a sub-branch in the Shanghai Free Trade Zone (FTZ), becoming one of the first foreign banks to take advantage of the pilot program. The FTZ spans 28.78 square kilometres, and grants financial institutions exemptions ...