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Showing 11 - 20 of 71 results for "On Watch"

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...

Industry fund publicly shames investment adviser

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
A $3.3 billion industry superannuation fund revealed it has put an investment adviser on watch in relation to ESG concerns. First Super said Orbis Investment Advisory is on watch due to its approximately 23% holding in XPO Logistics. XPO Logistics is ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
Commonwealth Bank chief Matt Comyn has taken over the reins as chair of the Australian Banking Association (ABA). The position is rotated between the chief executives of Australia's major banks, with ANZ chief executive Shayne Elliot stepping down from ...

APRA, ASIC welcome Productivity Commission's superannuation report

HARRISON WORLEY  |  FRIDAY, 11 JAN 2019
The regulators overseeing financial services in Australia have welcomed the Productivity Commission's recommendations to grant them additional powers. After they were blasted in the Productivity Commission's final report into the efficiency and competitiveness ...

ACCC close to approving tobacco-free certification

KARREN VERGARA  |  MONDAY, 31 DEC 2018
Non-profit organisation Tobacco Free Portfolios is pushing to trademark 'tobacco-free' with Australia's competition watchdog and for the benefit of investors. The ACCC said it is considering accepting Tobacco Free Portfolios' application ...

UK asset consultants face competition scrutiny

KARREN VERGARA  |  MONDAY, 18 SEP 2017
In an industry first, the UK Financial Conduct Authority's concerns about anti-competitive practices of investment consultants have been referred to a consumer protection and anti-competition watchdog to further investigate the industry. The FCA announced ...

Suncorp Tower takeover denied by competition watchdog

EMMA RAPAPORT  |  THURSDAY, 27 JUL 2017
Fears that "substantially lessened" competition in New Zealand's personal insurance market would result from Suncorp's takeover of Tower has led to the New Zealand Commerce Commission denying the proposed merger. In a statement commission chairman Mark ...

Market wrap

AAP  |  THURSDAY, 25 SEP 2014
The Australian share market has opened higher in the wake of positive leads from overseas markets. IG chief market strategist Chris Weston said the local bourse began Thursday's trading session well, with the major banks and big miners leading the way. ...

Punishing Putin (harder)

BENJAMIN ONG  |  WEDNESDAY, 30 JUL 2014
... to go the whole nine yards in punishing Putin. At the end of the day, financial markets would again put this in the "on watch' basket until the next set of sanctions, perhaps as soon as tonight when the Fed delivers its announcement on monetary polic ...

Market Wrap

AAP  |  FRIDAY, 4 APR 2014
The Australian share market is slightly lower as investors wait for a catalyst to give the market greater drive. Investors are hoping for inspiration from US non-farm payrolls employment data for March, to be release on Friday night, or the announcement ...