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Showing 151 - 160 of 1880 results for "Authority"

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
The Australian Financial Complaints Authority (AFCA) will expel United Global Capital's (UGC) membership effective May 31. UGC, which is now in liquidation, began providing financial services, including financial advice, in 2017 to retail and sophisticated ...

Magellan names infrastructure co-leads

ELIZABETH FRY  |  THURSDAY, 3 APR 2025
... transport infrastructure at CP2 and various senior roles at Macquarie Securities and the New South Wales Roads and Traffic Authority in Australia. McVicar joined Magellan in 2013 as an investment analyst in the infrastructure team and was promoted to ...

APRA hits ANZ with $1bn capital penalty

ELIZA BAVIN  |  THURSDAY, 3 APR 2025
The Australian Prudential Regulatory Authority (APRA) has accepted a Court Enforceable Undertaking (CEU) from ANZ to address ongoing weaknesses in the bank's non-financial risk management practices and risk culture. APRA also increased the capital add-on ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

Queensland adviser banned for five years

MATTHEW WAI  |  MONDAY, 31 MAR 2025
... Further, ASIC identified that Thomson arranged for clients to sign application forms, ongoing advice service agreements and authority to proceed documents prior to clients receiving Statements of Advice (SoA). From its findings, ASIC believes that Thomson ...

Study finds 5000 European ESG funds investing in fossil fuels

JAMIE WILLIAMSON  |  THURSDAY, 20 MAR 2025
... investment managers will have to comply with new naming guidelines, instituted by the European Securities and Markets Authority (ESMA). The guidelines introduce minimum thresholds on the proportion of sustainable investments based on the specific ESG ...

AFCA opens consultation on financial elder abuse, family violence

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
The Australian Financial Complaints Authority (AFCA) has launched two consultations on how it should improve its approach to handling complaints related to financial elder abuse and family violence. AFCA said it seeks to ensure consistency in how it ...

UK regulators abandon DEI reporting push

JAMIE WILLIAMSON  |  THURSDAY, 13 MAR 2025
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) will no longer introduce new diversity and inclusion rules for financial services organisations, claiming they wish to "avoid additional burdens on firms at this time." ...

Tokenisation can save US$135m in back-office costs: Study

KARREN VERGARA  |  FRIDAY, 7 MAR 2025
... Fidelity International aims to tokenise money market funds and digital foreign exchange swaps with the help of the Monetary Authority of Singapore and its Project Guardian scheme, a collaboration between policymakers and industry players to enhance liquidity ...

CSC-backed fund manager to launch in Netherlands

ELIZA BAVIN  |  FRIDAY, 28 FEB 2025
... investment professionals will hold a majority interest in the new entity. Subject to regulatory approval from the Dutch Authority for the Financial Markets (AFM) the new fixed income asset manager plans to launch in the Netherlands later this year under ...