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Showing 1561 - 1570 of 2383 results for "Rule"

Juicy Macquarie profit belies revenue fall

MARK SMITH  |  FRIDAY, 26 OCT 2012
Macquarie Group has announced an 18% rise in first-half profit, despite a fall in revenue. The investment bank made $361 million, up from $305 million last year, benefiting from improved market conditions. Despite subdued market conditions, chief executive ...

ANZ posts record profits

MARK SMITH  |  THURSDAY, 25 OCT 2012
Australia and New Zealand Banking Group (ANZ) reported record full-year profits driven by growth in its Asian business. Today's announcement showed the bank's end-of-year profit has risen to $5.7 billion, up 6% on last year, but slightly lower than ...

ASIC supports updates to disclosure rules

MARK SMITH  |  THURSDAY, 18 OCT 2012
The Australian Securities & Investments Commission (ASIC) has welcomed the ASX's updated continuous disclosure rules and guidance, which had been the centre of much confusion in recent months. The update follows failed legal action against Fortescue ...

Super cap breaches tumble

LINDA HAUSKEN  |  WEDNESDAY, 17 OCT 2012
The Australian Tax Office's (ATO) latest report on cap breaches shows the number of people who exceeded the concessional contribution cap has dropped by 37% in the last 12 months. According to the ATO, in 2010/11 a total of 31,217 exceeded the cap ...

Barclays cops $80,000 fine

LINDA HAUSKEN  |  TUESDAY, 16 OCT 2012
Barclays Bank has been fined by ASIC for breaching the corporations Act and withdrawing $13.8 million of client segregated accounts money without authorisation. The corporate watch dog yesterday confirmed that Barclays had paid an infringement penalty ...

We'll hunt down commission 'work around': FSA

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
The UK financial services regulator has warned wealth groups to not try to get around the commissions ban with 'work around' fixes. Commissions and all payments from platforms to financial advisers will be banned in the UK wealth management market from ...

Hybrid securities back in favour

LINDA HAUSKEN  |  MONDAY, 8 OCT 2012
Despite ASIC's decision to sound warning bells over the risks and complexities of hybrid securities, there is a growing appetite in the market for the high rate of return this product can offer investors. The corporate watchdog's warnings follows more ...

APRA issues final Basel III reforms

LINDA HAUSKEN  |  TUESDAY, 2 OCT 2012
The Australian Prudential Regulation Authority (APRA) has issued the long awaited final version of its new bank capital rules, known as Basel III, which are scheduled to come into full effect from next year. The Basel III capital framework was introduced ...

Market Wrap

AAP  |  TUESDAY, 2 OCT 2012
Australian shares opened higher after strong overseas leads and hopes that the Reserve Bank of Australia (RBA) will deliver an interest rate cut. At 1019 AEST on Tuesday, the benchmark S&P/ASX200 index was up 16.8 points, or 0.38 per cent, at 4,405.4 ...

ASIC bans two advisers

MELANIE TIMBRELL  |  TUESDAY, 25 SEP 2012
... designed to filter NCBO transactions from accounts that were connected, but had different account numbers. The market integrity rule quoted in the contravention requires a trading participant to have and maintain the necessary organisational and technical ...