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Showing 291 - 300 of 979 results for "Financial System"

Chief economist update: Another RBA rate cut should be enough

BENJAMIN ONG  |  MONDAY, 17 JUN 2019
... during the GFC when it dropped from US$0.9786 on 15 July 2008 to US$0.6036 on 27 October 2008 when the global financial system was in chaos. So much so, I'm beginning to feel the love starting to emanate from the local manufacturing, retailing, tourism ...

Fairness key to meaningful change: Shipton

HARRISON WORLEY  |  MONDAY, 20 MAY 2019
For the financial system to really improve, fairness needs to be embedded into financial institutions, according to ASIC chair James Shipton. Opening ASIC's annual forum in Sydney recently, Shipton said the concept of fairness needs to be embedded "into ...

ASIC to strengthen complaints handling

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... is widely acknowledged there is room for much improvement when it comes to handling consumer complaints in our financial system. "The Ramsay Panel Review, recent ASIC research, case studies before the Financial Services Royal Commission and our own supervisory ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... cooperative. Lonsdale said: "APRA's strong focus on financial risk has ensured the ongoing stability of Australia's financial system, even during periods of financial and market stress, and protected the interests of bank depositors, insurance policyholders ...

Super leaves retirees vulnerable: Research

HARRISON WORLEY  |  WEDNESDAY, 17 APR 2019
... options, noting policymakers have been grappling with the issue of financial products for retirement since the 2014 Financial System Inquiry. National Seniors' chief executive John McCallum noted after having their retirement savings managed for them ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... structural separation is not likely to prove an effective regulatory response to competition concerns in the financial system,'" Hayne said. The association noted vertical integration could provide customers with benefits in its own right, such as ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... securities issued under an employee share scheme and fully-paid ordinary shares are exempt from the new regime. The Financial System Inquiry first recognised shortcomings of financial product disclosures in 2013, recommending the introduction of a targeted ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... Retail investors are currently able to invest in Commonwealth Government Securities via depository interests." The Financial System Inquiry recommended further simplifying disclosure requirements and the Government agreed to this recommendation, noting ...

Big banks, super funds join forces for sustainability

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... Australian economy that prioritises environmental issues, human wellbeing and social equity while maintaining financial system stability. This new group is modelled after the European Union's High Level Expert Group on Sustainable Finance and the UK's ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government as part of their response to the Financial System Inquiry. The ...