Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 539 results for "Supervision"

ASIC pursues criminal charges in super

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... ban will now come into effect from January 2022. Until then it is only breaches under the Superannuation Industry (Supervision) Act, or SIS Act, that cannot be paid for using member money. The ban was originally slated to commence at the beginning of ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... $25.6 million in 2017-18 to more than $56 million in 2019-20, the group alleges this funding is needed due to the supervision and remediation of historic advice deficiencies at the big banks. The advice bodies are calling for the government to review ...

Your Future, Your Super on APRA to-do list

ELIZA BAVIN  |  TUESDAY, 2 FEB 2021
... support the Australian economy. "Given the continued uncertainty generated by COVID-19, APRA's proposed policy and supervision agenda for the coming period will remain responsive to the external environment to ensure it continues to prioritise the areas ...

BNP Paribas to offer initial margin services

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... a case-by-case basis without prescriptive regulation. However, this changed in 2016 as Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO) set guidelines for initial and variation margin. ...

ASIC slams auditors

KARREN VERGARA  |  WEDNESDAY, 23 DEC 2020
... quality. This includes enhancing a culture focused on audit quality, the experience and expertise of partners and others, supervision and review of audits, and accountability of partners and others for audit quality," ASIC commissioner Cathie Armour ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... whether trustees have failed in their obligations to members and potentially breached the Superannuation Industry (Supervision) Act 1993 (SIS Act). Thirty-seven products assessed are performing at or above the heatmap investment benchmarks over six years ...

Vatican shakes up financial management

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
... cardinals and bishops. In the letter, the Pope said the Secretariat of State: "Shall have no responsibility for the supervision and control of any entity of the holy see, nor of those things connected with it... the Secretariat of State will not have ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
... they had committed. The FCA's decision to ban the three individuals comes after Megan Butler, executive director of supervision (investment and wholesale) wrote to the House of Commons outlining that the FCA views sexual harassment as misconduct which ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... replaced its 18-year-old risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees, the prudential regulator announced the Supervision Risk and ...

Superhero nabs new recruits

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... chief compliance officer, has worked at CBA for over two years, most recently as an executive manager of regulatory supervision and global regulatory affairs, where she led the group's engagement with ASIC. Prior to her time with CBA, Smeaton served ...