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Showing 2221 - 2230 of 19572 results for "Ban"

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
APRA has begun consulting on new prudential standards to strengthen the financial crisis response of banks, insurers and superannuation trustees. The regulator said the two proposed standards are aimed at ensuring entities are prepared to deal with ...

Final Royal Commission reforms to be tabled, YFYS review begins

JAMIE WILLIAMSON  |  WEDNESDAY, 7 SEP 2022
The final raft of legislative reform resulting from the Royal Commission will be introduced to parliament this week and consultation on the review of the Your Future, Your Super regime has commenced, minister for financial services Stephen Jones confirmed ...

RBA anticipated to lift the cash rate

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
According to Finder's RBA Cash Rate survey, 97% of economists and experts have forecast that the Reserve Bank of Australia (RBA) will increase the cash rate today. The survey found that almost two-thirds of respondents predicted a rise of 50 basis ...

Financial literacy in Australia drops by almost 10%

CASSANDRA BALDINI  |  TUESDAY, 6 SEP 2022
New data has revealed that more than a third of Australians are financially illiterate. Greater Bank and the University of Newcastle surveyed 575 women and 536 men aged from 18-90 years. The joint report titled: Financial Wellbeing and General Life ...

ASIC extends binary options ban

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
... issue and distribution of binary options to retail clients until 1 October 2031. Since coming into effect in May 2021, the ban has successfully prevented retail clients from losing money trading binary options in Australia, ASIC said. "ASIC's extension ...

Defensive equities strategies protect against downturn: Report

CASSANDRA BALDINI  |  MONDAY, 5 SEP 2022
A new report has identified five distinct types of defensive equity strategies delivering protection in different ways and with very different results. Defensive Equity and Market Downturns: Is This Time Different? issued by bfinance revealed the main ...

Aligning investments to Leo's dating strategy pays off

JAMIE WILLIAMSON  |  FRIDAY, 2 SEP 2022
An index shows that if you pick your investments in the same way Leonardo DiCaprio picks his girlfriends, you'd likely be doing rather well for yourself. The Leonardo DiCaprio Large Cap Index from Index One tracks the performance of large cap US ...

MLC Life names chief finance officer

CHLOE WALKER  |  FRIDAY, 2 SEP 2022
Lesley Mamelok has been promoted to the role of chief finance officer at MLC Life. Having joined MLC Life in April last year, Mamelok is currently the deputy chief finance officer and general manager finance. Previously, Mamelok was acting chief executive ...

APRA removes Westpac liquidity add-on

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
APRA has removed Westpac's liquidity add-on after finding it breached prudential standards. The 10% add-on was applied to the net cash outflow component of Westpac's liquidity coverage ratio (LCR) and will no longer be included from today. In a statement ...

Crescent Wealth names chief operating officer

CASSANDRA BALDINI  |  THURSDAY, 1 SEP 2022
Crescent Wealth has appointed Rachel Edwards as its chief operating officer and head of marketing and growth. Edwards has over 20 years of experience in leadership positions spanning the financial services industry in Europe, the Middle East, Southeast ...