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Showing 151 - 160 of 1005 results for "Financial System"

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... be powerful advocates for Australian consumers and investors, and for maintaining the integrity of Australia's financial system. I look forward to working with them." Treasurer Jim Chalmers said: "On behalf of the Albanese Government, I thank outgoing ...

ASIC proposes five-year extension to DDO

ANDREW MCKEAN  |  WEDNESDAY, 16 AUG 2023
... for which was originally set for a two-year period. DDO was introduced following a recommendation from the 2019 Financial System Inquiry to compel firms to design consumer-centric financial products and optimise distribution strategies. The regulator ...

Michele Bullock to be next RBA governor

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... total, she has served close to 17 years with the central bank. Her responsibilities at the RBA have included the financial system, business services, the currency, and the payments system. She holds a Masters of Science (Economics) degree from the London ...

CSLR finally passes senate

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... financial protection in Australia," he said. Kirkland said the scheme was the "missing link" in Australia's financial system as consumer groups have been advocating for it for decades. "The industry-funded scheme will ensure that many victims of ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... (FCA) and the Pensions Regulator, the BoE will bring together data and information from various parts of the financial system to develop system-wide and sector-specific insights. "The exercise is not a test of the resilience of the individual firms participating. ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has released the Draft Financial System and Regulator Metrics Framework, which are now open to industry consultation. ASIC and APRA will be assessed against three ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... APRA to discharge its responsibilities regarding regulated entities. "Our priority is to ensure Australia's financial system remains stable and robust and that the regulator is responsive to changing economic conditions," Chalmers said. "The statement ...

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
APRA and AUSTRAC have agreed to a court enforceable undertaking (CEU) following weakness in the bank's risk management and money laundering controls. APRA said it's acted following several beaches or its prudential standards and a review that ...

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... In such events, the plan ensures APRA can resolve issues with "limited" adverse impacts on the community and financial system. Another function of CPS 900 is to safeguard the continuity of "critical financial services", minimising disruptions in the ...

Praemium names chief technology officer

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
Richard Large has been appointed to the role of chief technology officer and will join Praemium's executive team immediately. He will be responsible for developing and executing the company's technology strategy and ensuring it remains at the ...