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Showing 201 - 210 of 1595 results for "STOP"

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
... referred to ASIC. CFDs and their issuers have faced significant regulatory scrutiny of late. Just last week, ASIC issued stop orders to Saxo Capital Markets which were then revoked after it made changes to its target market determinations in relation ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
The government has handed down its plan to regulate buy now, pay later (BNPL) providers and products under the Credit Act to strengthen consumer outcomes. Historically, BNPL schemes have been exempt from tough regulation as they do not charge interest ...

ASIC issues stop orders to Saxo

CASSANDRA BALDINI  |  FRIDAY, 19 MAY 2023
... Saxo Capital Markets was forced to amend its target market determinations after the regulator raised concerns. ASIC said the stop orders, handed down on Tuesday, prevented Saxo from issuing new contracts for difference (CFDs) to retail clients because ...

PwC chief exits over scandal

CASSANDRA BALDINI  |  TUESDAY, 9 MAY 2023
... obtained during a confidential consultation with Treasury in relation to tax law changes. This included introducing new rules to stop multinationals from avoiding tax by shifting profits from Australia to tax and secrecy havens. Last Friday, Seymour ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... broader strategy for tackling scams. In an announcement from prime minister Rishi Sunak, the government said it is going to stop scams before they reach people. In part, this will be done by implementing a blanket ban on cold calling in relation to financial ...

Issuers must lift DDO game: ASIC

CASSANDRA BALDINI  |  THURSDAY, 4 MAY 2023
... found woeful compliance in meeting the design and distribution obligations (DDO). Since last July, ASIC has placed interim stop orders on 26 investment products from 18 issuers which totals $6.6 billion in funds backed by retail investors. These actions ...

RBA verdict on knife edge: Economists split

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
As anticipation builds for today's Reserve Bank of Australia (RBA) meeting, economists are sharply divided on the outcome. Last month, the RBA held the cash rate steady at 3.6%. However, leading economists cautioned Australians not to discount the possibility ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... recovery and indicating it would treat the deliberate and systemic underpayment of super as wage theft is the stick needed to stop the small number of employers who intentionally rip their workers off," ISA said. Echoing ISA's sentiment, Super Consumers ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... recommendations would lead to the next Royal Commission. "The language is a little intemperate, and it is, I assume, designed to stop the recommendations being adopted," she said. "I worry that they might succeed in spite of the fact that that would ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... banks showed their support by depositing $30 billion into First Republic. However, it would seem the that wasn't enough to stop it from sinking. The sale process follows the long-awaited review of SVB's collapse by the Federal Reserve. In its report ...