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

Search Results

Showing 241 - 250 of 1005 results for "Financial System"

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 ...

Design, distribution obligations guide released

KARREN VERGARA  |  FRIDAY, 11 DEC 2020
... initiatives over time," Chester said. She added that the new obligations are a "game changer" for the industry. The Financial System Inquiry recommended the obligations in 2014, finding that disclosure alone is unlikely to correct the effect of broader ...

ASIC consults on consumer remediation

ELIZABETH MCARTHUR  |  THURSDAY, 3 DEC 2020
... been confirmed that about $1.68 billion has been returned to consumers in relation to both finalised and ongoing financial system remediations. ASIC said it has seen some good practices by licensees but has also seen many remediations caused - or blown ...

Australian Sustainable Finance Initiative launches

RACHEL ALEMBAKIS  |  TUESDAY, 24 NOV 2020
... superannuation funds and other stakeholders has released an ambitious list of recommendations to transform Australia's financial system to sustainable outcomes. The Australian Sustainable Finance Initiative has released its final roadmap, outlining 37 ...

Why has ASIC still not got a chief executive?

KANIKA SOOD  |  THURSDAY, 19 NOV 2020
... appointed a chief executive equivalent role, despite a previous report's recommendation to do so. David Murray's Financial System Inquiry recommended the financial regulators undergo periodic capability reviews. As a part of this, ASIC's capability review ...