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

Search Results

Showing 211 - 220 of 275 results for "Financial System Inquiry"

Actuaries Institute to advise FSI on longevity

JAMES FERNYHOUGH  |  MONDAY, 25 AUG 2014
The Financial System Inquiry has enlisted the Actuaries Institute to advise it on possible product solutions that deal with the challenge of longevity. In its submission to the FSI, released today, the Actuaries Institute states: "The Institute is assisting ...

Cap market efficiency plummets

ALEX DUNNIN  |  WEDNESDAY, 20 AUG 2014
Reinforcing why the government initiated the Financial System Inquiry, economic research by Industry Super Australia has revealed that the financial services sector is becoming less efficient at raising capital. The cause of the problem, according to ...

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
... leading finance industry lawyers has said. The proposal surfaced following the release of the interim Financial System Inquiry (FSI) report that raised the conjecture that disclosure has failed to protect retail investors. Speaking at a UNSW law school ...

Consumers have no loyalty to financial institutions

MARK SMITH  |  MONDAY, 18 AUG 2014
... including Citibank (12.6%), HSBC (17.9%) and ING Direct (14.0%) as at June 2014. "The recently released 'Financial System Inquiry - Interim Report' found that the banking sector is competitive, although concentrated. It appears from our analysis that ...

Law firm rubbishes Grattan fee report

MARK SMITH  |  MONDAY, 18 AUG 2014
Global law firm Herbert Smith Freehills has urged the Financial System Inquiry (FSI) to throw out a controversial report that claims the superannuation system is too expensive. In a submission to the FSI, Herbert Smith Freehills criticises the FSI committee's ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). The new package includes new prudential standards in relation to governance, exposure management, risk management ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

More super changes inevitable: EY report

MARK SMITH  |  THURSDAY, 14 AUG 2014
... the system, further regulatory change and focus is inevitable. This is evident in the release of the Financial System Inquiry's interim report," he said. "The industry should be taking this opportunity to work with government and regulators to develop ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... they must be required to hold a degree. Rantall said the current focus on advice in the media and the Financial System Inquiry is a good opportunity for the industry to look at separating personal professional advice from advice that amounts to product ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
... among the recommendations Ernst & Young executive director Greg Chipman believes will come out of the Financial System Inquiry (FSI). Chipman outlined his expectation at the opening session of the Financial Services Council (FSC)'s three day annual conference ...