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Showing 11 - 20 of 130 results for "A Crisis"

APRA consults on hybrid bond resilience

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
... that imposing losses on these investors would bring complexity, contagion risk and undermine confidence in the system in a crisis," it stated. Overseas banking runs have pushed the regulator to look closely at the role hybrids might play to stabilise ...

Should wealthy Aussies use super to fund aged care?

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... superannuation system, it's not the purpose of superannuation to have a tax preferred estate planning mechanism. "We've got a crisis of funding in aged care and at the same time we've got one-third of the value of superannuation funds being written ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... Swiss Financial Market Supervisory Authority (FINMA). FINMA approved the merger because Credit Suisse was experiencing a crisis of confidence, which manifested in considerable outflows of client funds. The banks predicament was worsened by recent disruptions ...

Do your cyber-attack drills: Funds warned

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
... document and making sure it actually works and thinking through some decisions that you might have to make in the face of a crisis," she advised. "For example, who would shut the systems down? And who is allowed to make that decision to shut the systems ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... ensure stability for Credit Suisse customers and the wider financial centre. "The Credit Suisse Group is experiencing a crisis of confidence, which has manifested in considerable outflows of client funds," said FINMA. "This was intensified by the upheavals ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
... staff to deal with increased requirements per client file, additional education costs, increased licensing costs and a crisis in the costs and availability of professional indemnity insurance for the uncapped liability of running a licensee," the submission ...

Recession-style policy but no recession: Grattan

ELIZABETH MCARTHUR  |  MONDAY, 4 APR 2022
... Institute chief executive Danielle Wood has argued the federal government is spending as though there is a recession or a crisis, although there is no such situation. Speaking at the Financial Standard Chief Economist Forum in Sydney today, Wood said ...

Government to strengthen FMI

ANNABELLE DICKSON  |  WEDNESDAY, 9 JUN 2021
... Australia (RBA) previously handed a report to government with recommendations to increase their powers to intervene to manage a crisis and pre-emptively identify and manage risks. FMIs are the entities that enable and facilitate trading in capital markets. ...

Key Treasury initiatives outlined

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
... measure to ensure the continued operation of clearing and settlement facilities, with any funding to be recovered once a crisis is resolved. Further, ASIC will be given enhanced supervisory and licensing power, and regulatory powers will be streamlined ...

Climate change worse than pandemic: UK regulator

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... disclosing climate information and achieving net zero emissions by 2050. Counsell said: "In recent times we've faced a crisis caused by a pandemic. We've all taken urgent action to protect ourselves, our loved ones, our friends and our colleagues. ...