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

Search Results

Showing 161 - 170 of 3279 results for "Recover"

APRA: RSE licensees show 'common areas of weakness'

ELIZA BAVIN  |  FRIDAY, 28 JUN 2024
... improvements and better practice examples to enhance the super industry's understanding and preparedness to effectively recover or execute an orderly exit in times of stress. APRA said licensees have a significant responsibility to manage and maintain ...

Morningstar reveals top three undervalued stocks

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... development and trading," Morningstar said. "We assume office rents are roughly at the lows in 2023 and will gradually recover, about in line with inflation for the remainder of our forecast period. Dexus' stated net tangible assets (NTA) has declined ...

'Little prospect' for RBA hike despite stubborn inflation

ELIZA BAVIN  |  MONDAY, 17 JUN 2024
The Reserve Bank of Australia (RBA) will almost certainly leave the policy rate unchanged when it meets next week, according to economists. GSFM investment strategist Stephen Miller said there was "little prospect" of a change in messaging from the ...

APRA updates industry on operational resilience guidance

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... digital financial age. "Disruptions to financial services can have a major impact on people who rely on them to save, spend, recover from financial loss or support themselves in retirement," he said. "CPS 230 is designed to ensure entities safeguard ...

HNWIs wealth reaches unprecedented levels

ANDREW MCKEAN  |  FRIDAY, 7 JUN 2024
The Capgemini Research Institute's World Wealth Report 2024, released today, shows high-net-worth individuals (HNWIs) and their wealth hit unprecedented levels in 2023, driven by a rebound in the global economic outlook. According to the report, global ...

More businesses fold, unpaid super recovery measure to launch

KARREN VERGARA  |  THURSDAY, 6 JUN 2024
As the number of business insolvencies spike, workers will soon be able to claim unpaid superannuation owed to them by defunct employers under the Fair Entitlements Guarantee (FEG) Recovery Program. From 1 July 2024, staff who worked for employers that ...

APRA warns entities on adequacy of backup systems

JAMIE WILLIAMSON  |  MONDAY, 3 JUN 2024
... unauthorised access, modification or alteration." Finally, APRA said it has observed insufficient testing of capability to recover systems and data from backups. It warned companies should ensure the backup coverage is sufficient to enable the recovery ...

Super pool jumps to $3.9tn

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2024
... for APRA affecting the 2024-25 financial year. Treasury estimates it will cost a net total of $246.1 million in FY25 to recover APRA's operational costs - up 10% year on year. APRA's total operating expenses, however, are expected to blow out ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
New research from the Productivity Commission has revealed changes to income and wealth levels during COVID-19. "The initial pandemic period saw an unprecedented decline in income inequality. The incomes of lower-income households grew rapidly in relative ...

Budget 2024: Regulators given boost to combat misconduct, cybersecurity

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... identify and block suspicious activity in real time, while $83.5 million will go towards a new compliance taskforce to recover lost revenue and intervene when attempts to obtain fraudulent refunds are made. A further $25 million will be spent to improve ...