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Showing 221 - 230 of 1005 results for "Financial System"

ASIC outlines corporate plan

ANNABELLE DICKSON  |  THURSDAY, 26 AUG 2021
... reducing consumer harm, cyber security and industry compliance over the next four years in order to strengthen the financial system. ASIC's 2021-25 Corporate Plan focuses on economic recovery through including through more efficient regulation, facilitating ...

ASIC outlines approach to reforms amid uncertainty

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... he said. He added that the reforms are intended to produce fairer outcomes for consumers and to strengthen the financial system. They will also provide ASIC with greater visibility of issues in the marketplace, allowing it to identify and address problems ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
The government on Friday released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks ...

ASIC review of ESG products underway

JAMIE WILLIAMSON  |  THURSDAY, 8 JUL 2021
... carried a "marketing" feel, she said. "Misrepresentation of such products poses a threat to a fair and efficient financial system. Essentially, this misrepresentation distorts relevant information that a current or prospective investor might require ...

PwC names financial services lead

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... partnerships. I'm keen to continue contributing to our clients' success and to the integrity of Australia's financial system by leveraging the best of our local and global capabilities and digital assets." Coates is a long-serving staffer at ...

ASIC drops Regal action

ANNABELLE DICKSON  |  WEDNESDAY, 16 JUN 2021
... acknowledge the important role that ASIC plays in ensuring the proper function and performance of the Australian financial system to the benefit of all market participants, including Regal and our investors," Regal chief executive Brendan O'Connor said. ...

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
... administrators and derivative trade repositories play a critical role in the operation of financial markets and the financial system more broadly, supporting $18 trillion in securities transactions and $185 trillion in notional value of derivatives transactions ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... products. "Continued reliance on LIBOR poses significant risks and disruptions to the stability and integrity of the financial system. Firms themselves may also face financial, conduct, litigation, and operational risks associated with inadequate preparation," ...

JANA appoints head of sustainability

KANIKA SOOD  |  MONDAY, 24 MAY 2021
JANA has hired Westpac's executive manager for risk for the newly created role of head of sustainability. Rachel Halpern will work closely with JANA's head of responsible investment Tim Conly, taking the team to six people, the firm said. Halpern will ...

Tempered positivity post-pandemic: Experts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Engwerda-Smith said COVID-19 has shifted the social contract, changing the expectations people have of governments and the financial system in times of crisis. "There are reasons to be suspicious about 'build back better'... different people have different ...