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Showing 151 - 160 of 979 results for "Financial System"

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... levels of borrowing by SMSFs were said to be unlikely to pose a material systemic risk to the super or broader financial system at this time. However, this isn't withstanding evidence LRBAs are used in inappropriate ways by some individuals and can be ...

New APRA chair named

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... that "APRA will remain focused on fulfilling its mandate and ensuring that Australia has a strong and resilient financial system," under his leadership. Meanwhile, executive directors Suzanne Smith and Therese McCarthy Hockey will be appointed as new ...

Future Fund proves resilience to market shocks

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
The Future Fund produced a return of -0.6% for the first quarter of the financial year, while developed listed markets fell 5.2%. The sovereign wealth fund's assets under management (AUM) are now $193 billion, falling by $1.25 billion over the quarter. ...

Australia among top 10 financially inclusive markets: Research

CASSANDRA BALDINI  |  THURSDAY, 27 OCT 2022
... Index, conducted by the Centre for Economics and Business Research, is built around three pillars - government, financial system, and employer support. The data revealed Australia came in second for financial system support, 10th for government support ...

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... government to prevent failure at all costs. "It is almost inevitable that every so often things will go wrong in the financial system, and participants will suffer losses," Byres said. "This should not automatically be assumed to be a regulatory failure. ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... category. "Since we know from experience that even non-complex banks in that range can pose risks to the broader financial system when they experience financial distress, I am encouraged that the board is seeking comment on an advance proposal to improve ...

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
... five years ago. His point being that notwithstanding the economic ups and downs in recent years, Australia's financial system has continued to grow strongly. Specific to super, he said that APRA's focus continues to be on identifying and addressing ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... further tightening of financial conditions, an increase of debt-servicing challenges and threats from outside the financial system, including cyber-attacks, geopolitical tensions, and climate change as the leading risks to financial stability. Should ...

ASIC updates remediation rules

CHLOE WALKER  |  TUESDAY, 27 SEP 2022
... least $5.6 billion in remediation for an estimated seven million consumers for failures identified across the financial system. A further $1.6 billion is yet to be paid to about 2.7 million consumers. ASIC has updated its Regulatory Guide 277 (RG 277) ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... actions so in the event of failure, APRA can resolve them with limited adverse impacts on the community and the financial system. This includes ensuring that critical financial services can continue to be provided with minimal disruption. APRA confirmed ...