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Showing 1591 - 1600 of 8733 results for "Regulator"

Wealth management ecosystem at critical inflection point: Citi

ANDREW MCKEAN  |  THURSDAY, 20 JUL 2023
The wealth management sector is at a critical juncture, confronting declining fees and escalating compliance costs, according to Citigroup research. Accordingly, the Citi Disruption and Transformation in Wealth report suggested a need for wealth managers ...

ASIC cancels FTX Australia's licence

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
ASIC has cancelled the Australian financial services licence of embattled crypto company FTX. The regulator explained that until 12 July 2024 the company may provide limited financial services that relate to the termination of existing derivatives with ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
... Clearview Life to consider the concerns raised regarding the TMD and take immediate steps to ensure compliance. The regulator will then consider making a final order if the concerns are not addressed in a timely manner. Clearview Life will have the opportunity ...

Advisers' experience stands at 14.5 years

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
Financial advisers have 14.5 years of professional advice experience on a median basis, but very few have more than 20, a Rainmaker analysis shows. Rainmaker's June 2023 Financial adviser report based on ASIC's Financial Adviser Register found that ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... is systemically important in Australia before entering into or modifying a material arrangement has been removed. The regulator said CPS 230 serves as a foundation for APRA-regulated entities to bolster operational risk management through new requirements ...

Monochrome files for first Bitcoin ETF in Australia

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
Monochrome Asset Management, via its responsible entity Vasco Trustees, has lodged an updated application for its Bitcoin ETF with the ASX. The Monochrome Bitcoin ETF (IBTC) will be an exchange-traded fund that will offer retail investors direct and ...

Trustees lack urgency, strategy on RIC: Regulators

KARREN VERGARA  |  TUESDAY, 18 JUL 2023
A joint regulatory review finds that superannuation funds are shrugging off the urgency to offer robust retirement income strategies and are failing to integrate this mandate into their business plans. One year since the Retirement Income Covenant took ...

UK government investigates sexism in financial services

JAMIE WILLIAMSON  |  MONDAY, 17 JUL 2023
... build more supportive workplace cultures, how harassment and misogyny can be addressed, and the role the government and regulator should play in role modelling behaviours," Treasury Committee chair Harriett Baldwin said. "Has the culture in this highly ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
ASIC has agreed to host a roundtable to discuss the ASX's CHESS replacement project, attended by industry participants of the bourse's choosing. ASIC proposed the group be independently chaired and "advise on significant strategic clearing and ...

ClearView strengthens leadership team

KARREN VERGARA  |  MONDAY, 17 JUL 2023
ClearView has bolstered its leadership team with three appointments across operations, product and pricing, and technology. Joanne Faglioni, who originally joined ClearView in late 2021 as chief claims officer, has been promoted to group executive of ...