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Showing 181 - 190 of 1005 results for "Financial System"

Nowhere has there been more change than super: Byres

ANDREW MCKEAN  |  THURSDAY, 20 OCT 2022
... government to prevent failure at all costs. "It is almost inevitable that every so often things will go wrong in the financial system, and participants will suffer losses," Byres said. "This should not automatically be assumed to be a regulatory failure. ...

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... category. "Since we know from experience that even non-complex banks in that range can pose risks to the broader financial system when they experience financial distress, I am encouraged that the board is seeking comment on an advance proposal to improve ...

APRA flags concerns over fund sustainability

ANDREW MCKEAN  |  WEDNESDAY, 12 OCT 2022
... five years ago. His point being that notwithstanding the economic ups and downs in recent years, Australia's financial system has continued to grow strongly. Specific to super, he said that APRA's focus continues to be on identifying and addressing ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... further tightening of financial conditions, an increase of debt-servicing challenges and threats from outside the financial system, including cyber-attacks, geopolitical tensions, and climate change as the leading risks to financial stability. Should ...

ASIC updates remediation rules

CHLOE WALKER  |  TUESDAY, 27 SEP 2022
... least $5.6 billion in remediation for an estimated seven million consumers for failures identified across the financial system. A further $1.6 billion is yet to be paid to about 2.7 million consumers. ASIC has updated its Regulatory Guide 277 (RG 277) ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... actions so in the event of failure, APRA can resolve them with limited adverse impacts on the community and the financial system. This includes ensuring that critical financial services can continue to be provided with minimal disruption. APRA confirmed ...

Perth Mint faces AUSTRAC probe

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... business that we regulate is failing to satisfy their responsibility to protect themselves and Australia's financial system from criminal activity," AUSTRAC chief executive Nicole Rose said. "We will continue to work closely with Gold Corporation ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... identifies work that is underway, addressing several emerging trends and important law reforms that are reshaping the financial system, including digitally enabled misconduct, emerging technologies, climate risks and an ageing population. "ASIC will ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... deliver certainty and fairness for the financial planning profession and ensure consumers can have trust in the financial system."

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
... input into the review. The ASIC Industry Funding Model commenced in July 2017, following a recommendation of the Financial System Inquiry that the government introduce a cost recovery model for the regulator. "The IFM is intended to meet the Australian ...