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Showing 151 - 160 of 11679 results for "Risk"

APRA proposes updated operational risk financial requirements

ANDREW MCKEAN  |  TUESDAY, 20 FEB 2024
The Australian Prudential Regulation Authority (APRA) has proposed changes to operational risk financial requirements for registrable superannuation entities (RSE) licensees. The prudential regulators adjustments are designed to bolster the ability ...

Aussies want control of nest eggs: FSC

KARREN VERGARA  |  MONDAY, 19 FEB 2024
... managing their retirement money - 39% compared to 37% respectively. FSC chief executive Blake Briggs said there is significant risk for the government if it tries to convince Australians that politicians know best in determining which retirement products ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... Further the related entity investments recommended, such as the US Masters Residential Property Fund (URF), carried more risk than the complainant understood or needed. The fees were also excessive when compared to alternative investment products," it ...

Aware Super builds out BTR portfolio

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... can and does play an important role in providing such crucial infrastructure at the same time as we aim to deliver strong risk-adjusted returns for our 1.1 million members," she said. As the development's completion nears, the fund will determine whether ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... Exalt Global Funds Limited was found to have made misleading statements in product disclosure statements about the level of risk associated with the Paladin Monetizer Fund; didn't keep proper financial records for the fund; and failed to lodge annual ...

Dexus results mixed prior to Steinberg's exit

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
The property giant recorded a net loss of $597.2 million, but also managed to secure $9 million in trading profits after tax for the six months to 31 December 2023. The external independent portfolio valuations for Dexus saw mixed results, with a total ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Artificial intelligence could threaten financial stability, forcing novel macro-prudential strategies, according to US Securities and Exchange Commission (SEC) chair Gary Gensler. In a speech at Yale Law School, Gensler described AI as having "tremendous ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Research commissioned by the Financial Services Council (FSC) reveals that within the next decade, nearly one-fifth of Australian households will become eligible to purchase wholesale products without retail consumer protections. Accordingly, the research ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... in contributions, primarily from reduced trading revenues in North American gas, power, and emissions, alongside a dip in risk management revenue. Macquarie Capital reported 59 global transactions valued at $65 billion in 3Q24, with a notable increase ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
ASIC has had its first court win in relation to cryptocurrency, with fintech Block Earner found to have offered a financial product to retail investors without a licence. However, it was a mixed outcome for the regulator, with another allegation quashed. ...