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Showing 281 - 290 of 1005 results for "Financial System"

RBA expands stimulus measures to states

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Reserve Bank of Australia has injected around $2 billion into state bonds, as it expands its unconventional monetary policy measures. The move comes as a bid to revive the ability of the states, particularly New South Wales and Victoria, to borrow ...

Macquarie shares halve in COVID-19 sell-off

ALLY SELBY  |  FRIDAY, 20 MAR 2020
... global institutional standing that has seen its share price plummet. "Macquarie is just so plugged into the global financial system, more so than the local banks which have huge residential loan books," he said. "It is much more interconnected in a system ...

RBA pulls QE trigger

ELIZA BAVIN  |  THURSDAY, 19 MAR 2020
... toothed comb. In his announcement on Monday Lowe sounded more optimistic about the future, saying Australia's financial system is "resilient" and "very well-placed to deal with the effects" of the virus. While this sentiment was repeated in today's ...

Financial regulators poised for action

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... "The council will have its regular quarterly meeting on Friday March 20 at which the impact of COVID-19 on the financial system will be further discussed. "The council and the Australian Treasurer are also holding teleconferences at least weekly."

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
... Lowe made the announcement on Monday, following the Fed's decision overnight. Lowe said: "Australia's financial system is resilient and it is well placed to deal with the effects of the coronavirus. At the same time, trading liquidity has deteriorated ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... March 4; announced purchase facility for Bankers Acceptance notes. RBA injected an outsized $8.8 billion into the financial system. Riksbank to lend US$51 billion to banks to maintain supply of credit to Swedish companies and Norges Bank cut its key ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... Matt Comyn said the banks will continue to support Australians during this time. "Australia has a very strong financial system with banks that are well-capitalised and have strong balance sheets," he said. ABA chief executive Anna Bligh said customers ...

Chief economist update: Welcome to the day after tomorrow

BENJAMIN ONG  |  WEDNESDAY, 4 MAR 2020
... fulfill their mandates, thus supporting price stability and economic growth while maintaining the resilience of the financial system. "We welcome that the International Monetary Fund, the World Bank, and other international financial institutions stand ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... prioritise their clients' interests over their own, not only harms their clients but also erodes public trust in the financial system," she said. "ASIC expects financial advisers to uphold the values of integrity and professionalism." In cancelling his ...

VFMC hires investment stewardship lead

ELIZA BAVIN  |  FRIDAY, 24 JAN 2020
... Superannuation Investors (ACSI). She is a member of the Australian Sustainable Finance Initiative's Sustainable financial system technical working group. A spokesperson from VFMC confirmed the hire to Financial Standard sister publication The Sustainability ...