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Showing 2851 - 2860 of 8182 results for "Institutional"

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The Federal Government will this week introduce legislation into parliament to increase the penalties for white collar crimes. In a media release on Sunday, Treasurer Josh Frydenberg said criminal penalties were set to double in some cases, while civil ...

NAB still unclear on true impact of misconduct

KANIKA SOOD  |  FRIDAY, 19 OCT 2018
NAB chief executive Andrew Thorburn failed to give an exact number of clients hit by the bank's misconduct as he fronted the parliamentary inquiry into major banks in Canberra this morning. Thorburn said he expects the total number of customers ...

ASIC moves on Dollarmites

HARRISON WORLEY  |  FRIDAY, 19 OCT 2018
ASIC is set to review banking and financial literacy programs in Australian primary schools, including Commonwealth Bank's recently criticised Dollarmites program. ASIC said school banking programs are supposed to educate young Australians about the ...

Qualitas seizes non-bank financing opportunities

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
Amid the major banks lowering their lending participation rates, Qualitas sees a boom in the private debt real estate segment over the medium term. Speaking at a media briefing on Monday, Qualitas group managing director Andrew Schwartz said private ...

APRA readies ADIs for BEAR

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
APRA is helping authorised deposit-taking institutions brace for the Banking Executive Accountability Regime, which is set to take effect on 1 July 2019. The prudential regulator released guidance for the smaller players in the banking and finance industry ...

BTFG expands tobacco divestment

HARRISON WORLEY  |  THURSDAY, 18 OCT 2018
BT Financial Group is expanding its divestment from tobacco and controversial weapons. The firm is extending its ESG exclusion framework to investment mandates for internally managed investments, saying customers demand sustainable investing that aligns ...

Real estate investment manager bolsters debt team

HARRISON WORLEY  |  THURSDAY, 18 OCT 2018
... Australian commercial banks has heightened the need for alternative funding sources, creating an opportunity for institutional investors and debt funds to grow within the market," Priestley said. "There is now a permanent, attractive and executable investment ...

Industry fund drops life premiums, pension fees

JAMIE WILLIAMSON  |  THURSDAY, 18 OCT 2018
A $1.5 billion industry superannuation fund is reducing select insurance premiums after renegotiating its group insurance mandate. It also slashed the administration fee on its pension account. Under a new group cover deal with MetLife, REI Super has ...

New Pinnacle affiliate to manage Blue Sky LIC

KANIKA SOOD  |  THURSDAY, 18 OCT 2018
... as it separates from Blue Sky Investments (BLA). With the bifurcation announced this morning, BLA will target an institutional investor base while BAF will target retail investors. The listed investment company (BAF) will shed the Blue Sky name, listing ...

Colonial First State to cut tobacco by 2020

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
Colonial First State has vouched to offload all its tobacco-related investments by 2020, as it signs on to the UN-endorsed Tobacco-Free Finance Pledge. CFS currently has less than 1% of total assets in tobacco-related investments but declined to disclose ...