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| | | Australia's top bankers will have to explain what went wrong in their advice divisions at a public Senate hearing in Canberra on Tuesday. Chaired by Labor Senator Sam Dastyari, the Senate Economics Committee will interrogate Macquarie Group chief executive ... |
| | | | The investment community is under threat from the current mispricing of risk, according to ANZ chief executive Mike Smith. Speaking at recent Bloomberg event, Smith said he worries about the management of risk in an environment of such high liquidity. ... |
| | | | ... reflected in the size of the fine," she said. "We have been very clear about how firms should treat customers who may have been mis-sold PPI.A In ignoring documents it held which were relevant to its customers' complaints, Clydesdale failed to treat ... |
| | | | Combined Insurance Asia Pacific executive vice president Christopher Carey has said his company will "work with ASIC" to investigate the misconduct exposed by whistleblower Alison Moore. A former employee of the ACE Group-owned insurance firm, Moore ... |
| | | | New Sydney-based fintech hub, Stone and Chalk, has promised early stage investors and organisations access to some of the city's best entrepreneurs on top of its recent chief executive announcement. Heading Stone and Chalk will be Australian-born Alex ... |
| | | | The Financial Ombudsman Service believes a limited compensation scheme is the missing piece from regulatory discussions and suggested improvements in Australia's financial system. The call comes as part of the service's submission to the Financial System ... |
| | | | What lifts all boats? Nah, Virginia, it's no longer "a rising tide" - not if you believe the IMF's latest annual World Economic Outlook (WEO) report published this month where it printed, "Output across advanced and emerging market economies remains ... |
| | | | Even simple investment funds, including long only mutual funds, can pose financial stability risks, warns the International Monetary Fund (IMF). The international body's recent update to its Global Financial Stability Report offered five policy messages ... |
| | | | Rice Warner chief executive Michael Rice said the commission structure proposed in the Trowbridge Report is a "necessary improvement". In an article written for Rice Warner's INSIGHTS section, he noted the difficulty of changing established remuneration ... |
| | | | Superannuation has now passed through $2 trillion and is well on its way to exceeding $9 trillion over the next 20 years, according to new research released by Rainmaker. While official figures are yet to confirm the $2 trillion marker has been crossed ... |
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