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Showing 211 - 220 of 979 results for "Financial System"

Super funds to answer to new APRA enforcer

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... effective financial regulators are vitally important to maintaining the community's trust and confidence in the financial system." APRA said given Cole's strong experience in relation to governance and conduct related matters, she will take on ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
... disruption to their contracts and operations," Kent said. "This could lead to more widespread disruption through the financial system. Regulators will therefore be keeping a close eye on progress between now and then to ensure that the necessary work ...

Government passes advice, super reforms

ANNABELLE DICKSON  |  FRIDAY, 26 FEB 2021
... the digital economy Jane Hume said the changes are an "important step in restoring trust and confidence in the financial system". CHOICE's finance policy adviser Patrick Veyret agreed and welcomed the legislation, saying it should improve consumer ...

UK drags Bravura performance

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
Bravura Solutions is feeling the sting of COVID-19 as its overseas operations deliver large blows to its profitability of more than 50%. The administration and management software provider announced that its UK and South African units have severely ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... institutions in his role of chair. Wilson believes the scrutiny is an important part of ensuring Australia's financial system is working well and has said it is crucial that the superannuation sector is operating effectively, fairly and to the benefit ...

CBA guilty of deceptive conduct

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... "Investment in good systems needs to be prioritised by all financial services institutions to ensure trust in our financial system is re-built and to avoid a repeat of these failures in the future." ASIC said it will seek pecuniary penalties and other ...

ASIC to take targeted approach with PIP

ELIZA BAVIN  |  WEDNESDAY, 17 FEB 2021
... product intervention may result in less regulation of industry overall," Hughes said. "In recommending PIP, the Financial System Inquiry identified the objective of limiting or avoiding the future need for more prescriptive regulation." Hughes also spoke ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... recently released corporate plan, outlining its four key objectives for the future. These included maintaining financial system resilience, improving outcomes for super members, transforming governance, culture and remuneration accountability and improving ...

Your Future, Your Super on APRA to-do list

ELIZA BAVIN  |  TUESDAY, 2 FEB 2021
... resilience in 2020 on the back of substantial public sector support, it was important to continue strengthening the financial system to ensure it was prepared for the potential crises of the future. "Last year, the industry demonstrated an ability to ...

RBA adds former BT director to board

ELIZA BAVIN  |  FRIDAY, 18 DEC 2020
... former director of BHP, BT Investment Management and Westpac. Hewson has also served as a panel member of the Financial System Inquiry and is a member of the Growth Centres Advisory Committee. Her term will commence on 29 March 2021 following the conclusion ...