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Showing 1701 - 1710 of 1802 results for "Regulation 2014"

APRA gains more powers to act against dishonest execs

AAP  |  WEDNESDAY, 3 MAR 2004
Financial executives will face tough new monitoring by regulators following the latest series of reforms after the collapse of HIH insurance. Media reports today said the financial services industry would face tough new rules designed to expand the ...

Promina announce $200-$300 million capital raising for growth

AAP  |  THURSDAY, 26 FEB 2004
Trans-Tasman insurer Promina Group has revealed plans to raise $250-$300 million for future growth after booking a full year net profit that topped its own prospectus forecast by more than $100 million. Promina managing director and CEO Michael Wilkins ...

Access ruling opens credit cards up to non-bank companies

AAP  |  TUESDAY, 24 FEB 2004
Non-bank companies could soon issue Visa, MasterCard and Bankcard credit cards, after a Reserve Bank of Australia (RBA) decision announced yesterday. However, the central bank said it also wants the interchange fees paid through Visa's debit card scheme ...

AssetInsure granted APRA licence

AAP  |  MONDAY, 23 FEB 2004
The first entrant into Australia's insurance market since the collapse of HIH is to be chaired by ex-New South Wales premier and former federal finance minister John Fahey. AssetInsure Pty Ltd was granted a general insurance licence by the Australian ...

APRA raised concerns with NAB before rogue trading scandal

AAP  |  THURSDAY, 19 FEB 2004
The banking watchdog raised concerns about National Australia Bank's (NAB) risk management early last year, more than six months before the rogue trading scandal that cost the bank's two top jobs. NAB suspended four currency traders in January but foreign ...

Total super assets increase 3.2%: APRA

Total superannuation assets in Australia increased 3.2% for the September quarter, with total assets now standing at $548.5 billion. The latest edition of Super Trends, released by the Australian Prudential Regulation Authority, said all fund types ...

Trustee board licensing to boost super outsourcing

Proposals by the Australian Prudential Regulation Authority (APRA) to license trustee boards are expected to drive employers to outsource around $10 billion in superannuation funds during 2004. Industry analysts Heron Partnership said the increasing ...

ASIC begins investigation into NAB options trading

AAP  |  FRIDAY, 23 JAN 2004
The Australian Securities and Investments Commission (ASIC) has started an investigation into rogue trading at the National Australia Bank. ASIC said it will investigate whether there have been any contraventions of the Corporations Act at NAB's foreign ...

NAB calls in accountants as forex investigation deepens

AAP  |  FRIDAY, 16 JAN 2004
National Australia Bank has called in outside expert assistance as it expanded a review of a $180 million rogue trading scandal into a full-scale investigation. The bank appointed accountants PricewaterhouseCoopers to assist its inquiries as national ...

APRA cracks down on lax regulatory reports

The trustees of over 300 superannuation funds face prosecution following moves by the Australian Prudential Regulation Authority (APRA) to dissolve uncontactable superannuation funds, the industry regulator has announced. The proposed legal action relates ...