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Showing 231 - 240 of 979 results for "Financial System"

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... a milestone in the department's ongoing efforts to ensure the integrity of public markets critical to our financial system." According to admissions and court documents, numerous traders and personal on J.P. Morgan's precious metals trading desk ...

Westpac reaches $1.3bn AUSTRAC deal

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... financial crime capability. We acknowledge the important role Westpac must play in protecting the integrity of the financial system." King said the bank is working on improving its end-to-end financial crime risk management processes and has established ...

Chief economist update: RBA negative on negative interest rate policy

BENJAMIN ONG  |  WEDNESDAY, 23 SEP 2020
... to a lower exchange rate. In the medium term, the effectiveness can wane including through the effect on the financial system. Negative rates can also encourage more saving as households look to preserve the value of their saving, particularly in an ...

APRA, ACCC sign new MoU

ALLY SELBY  |  TUESDAY, 15 SEP 2020
... MoU solidifies the regulators' relationship, as they work towards supporting a "safe, competitive and efficient financial system". "Although APRA's mandate requires our primary focus to be financial soundness and stability, we are also required to balance ...

RBA observes weakness and uncertainty

ELIZA BAVIN  |  TUESDAY, 15 SEP 2020
... stimulus package was continuing to support the economy. "There was a very high level of liquidity in the Australian financial system and the policy package had helped to lower funding costs," it said. "Members noted that the Australian banking system ...

Financial services laws under review

JAMIE WILLIAMSON  |  TUESDAY, 15 SEP 2020
... undertake the review with the findings of the Royal Commission, Australian Government Competition Policy Review, Financial System Inquiry, Treasury's 2017 ASIC Enforcement Review Taskforce and the Productivity Commission's 2014 report in mind.

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... APRA is able to dedicate increased resources towards the critical objective of maintaining the resilience of the financial system, in order to maintain public confidence and support the recovery process," he said.

ASIC names operations, risk leads

KARREN VERGARA  |  MONDAY, 31 AUG 2020
... strategically to the threats arising in an uncertain environment." "Our core purpose is to ensure confidence in a financial system that, even under stress, can remain fair, strong and efficient."

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... financing is owed by other sectors." The RAB said falls in nominal interest rates and the deregulation of the financial system, mostly in the 1980s, accounts for most of the rise in household debt in Australia and globally. "Further, stronger real income ...

New law backs choice of fund

KARREN VERGARA  |  WEDNESDAY, 26 AUG 2020
... will comply with the choice of fund requirements," the memorandum said. The bill addresses the findings of the Financial System Inquiry and the Productivity Commission Inquiry into superannuation, which found that denying choice of fund can discourage ...