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Showing 161 - 170 of 7406 results for "Open"

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
The $2.7 trillion managed investment scheme industry is set for a shakeup as a new review is proposing changes that include amending financial thresholds, and liquidity and insolvency requirements. Assistant treasurer Stephen Jones has opened consultations ...

AustralianSuper grows global team with numerous hires

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
AustralianSuper has bolstered its team with senior appointments in the UK, recruiting talent from J.P. Morgan, BNP Paribas, and Macquarie Group. AustralianSuper appointed John Normand as head of investment strategy for Europe; Sujay Shah has taken on ...

New boutique hires EQT as RE

KARREN VERGARA  |  MONDAY, 31 JUL 2023
Equity Trustees has won another responsible entity mandate this month from a fledgling investment manager whose funds currently focus on Australian equities. Blackwattle Investment Partners, which opened its doors in May, named Equity Trustees to oversee ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... achieve a sustained period of strong labour market conditions that benefit all." Starting from early last year, the Federal Open Market Committee (FOMC) has maintained a firm approach towards tightening monetary policy, making the latest hike the 11th ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
... mitigating, this risk. Regulators are also focused on it. In June, ASIC launched a cyber pulse survey to measure cyber resilience, open to all ASIC-regulated entities for the first time. In a statement to Financial Standard, ASIC confirmed most respondents ...

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management. The US Federal Reserve has issued Credit Suisse a $394.84 million ...

Advisers service 120 clients on average

KARREN VERGARA  |  TUESDAY, 25 JUL 2023
... advisers now only use two platforms, up from 32% in 2022. Despite the consolidation that has occurred, 12% of advisers remain open minded about alternative platform solutions. Platform providers therefore have every interest in seeking to better understand ...

Treasury to 'modernise' individual tax residency rules

KARREN VERGARA  |  MONDAY, 24 JUL 2023
Treasury is proposing to revamp individual tax residency rules with a two-pronged approach and has opened up the changes for consultation. Under the new regime, the federal government intends to modernise and simplify the rules following a review from ...

Time to diversify global alts allocations: Telfer

CHLOE WALKER  |  MONDAY, 24 JUL 2023
Aside from being a great risk management strategy, allocating to international alternatives deals can garner positive long-term returns for local investors, UBS Asset Management country head Alison Telfer says. Speaking with Financial Standard, Telfer ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
Resilient job markets are keeping major economies above water, staring down the threat of a global recession, as well as geopolitical and climate woes. Newly released ABS figures show that Australia's labour market remained strong in June, adding ...