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

Search Results

Showing 161 - 170 of 482 results for "Australian Bank"

AMP Capital appoints independent directors

KARREN VERGARA  |  FRIDAY, 21 JUL 2017
AMP Capital appointed three non-executive directors to its responsible entity and trustee boards. John Nesbitt, Ming Long and Peter Rowe will join the AMP Capital Funds Management and AMP Investment Services boards effective July 28. Serving as the ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
APRA has raised the CET1 capital ratios for the big four banks to meet the "unquestionably strong" benchmark outlined in the Financial System Inquiry. By 1 January 2020, the big four will need to achieve a CET1 capital ratio of at least 10.5%. APRA ...

Banks come out on top for climate change disclosure

EMMA RAPAPORT  |  TUESDAY, 11 JUL 2017
Australian banks are one of the best performing sectors for climate-related disclosure and sustainability reporting according to the Australian Council of Superannuation Investors. In its 10th annual corporate sustainability report, which assesses the ...

Banks continue campaign to discredit SA bank tax

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2017
Australia's big four banks again warned South Australians of the impact a state-based tax would have as the South Australian Liberal opposition confirmed it will move to block the tax's implementation. In an open letter to South Australian customers ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
FoFA reforms protecting consumers against conflicting remuneration structures when purchasing wealth products should be broadened to retail banking consumers as well, according to the Finance Sector Union. Speaking at yesterday's Senate inquiry into ...

Finance braces for Amazon effect

EMMA RAPAPORT AND DARREN SNYDER  |  MONDAY, 26 JUN 2017
The arrival of Amazon Marketplace in Australia will disrupt several businesses and the financial services industry won't be immune to the online store's influence. Already sending shockwaves through local major retailers, Australian fintech Avoka believes ...

Currency and managing volatility: New Financial Standard spot poll

DARREN SNYDER  |  MONDAY, 19 JUN 2017
An overwhelming majority of respondents to the Financial Standard weekly poll are in support of the banks' crackdown on employee background checks. Last week the publication asked about the crackdown and 80% of respondents voted in favour of the move. ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... £20 billion) and will pay the bank profit surcharge (if taxable profits exceed £25 million). Together with the Australian bank levy, there is the risk of double taxation, it said. NAB estimates the levy will cost about $350 million annually, or $245 ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
Australian banks have narrowly dodged the possibility of facing a Royal Commission-style inquiry after a Green's Bill to establish a Parliamentary Commission of Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill ...

Advisers preparing ahead of professional standards: Spot poll

DARREN SNYDER  |  TUESDAY, 13 JUN 2017
Sixty per cent of financial advisers are already taking some course of action to address the incoming professional standards legislation in 2019. Last week the Financial Standard weekly readership survey asked 'As a financial adviser, what are you doing ...