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Showing 141 - 150 of 1027 results for "Financial Institutions"

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 ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... financial markets," the statement said. "The strict capital and liquidity requirements applicable to Swiss financial institutions ensure their stability. Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks. ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... carefully assess the lagging impacts of higher rates, particularly when it comes to non-systemically important financial institutions and some other non-banking financial institutions, which lack strict regulation." The pair have positive views of the ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... introduction of the CSLR and FAR laws, saying the new measures are critical for safeguarding consumers and holding financial institutions accountable for their actions. "When you have lost money due to poor advice or misconduct, you should not be denied ...