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Showing 311 - 320 of 979 results for "Financial System"

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
... to balance the competing objectives of encouraging competition while maintaining safety and stability in the financial system," Byres said. Neobank Xinja hopes to join Volt Bank as the second fully APRA licenced digital banking service in 2019. Xinja ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... hit: "...we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system" because "past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... fundamental problem that has perplexed the Commission is how could Australia's superannuation marketplace and financial system regulators APRA and ASIC have allowed a situation to develop where chronically underperforming super funds are able to ...

Financial Standard unwrapped: Our top stories in 2018

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... APRA and ASIC as the Royal Commission began to shed light on various instances of misconduct in Australia's financial system that hadn't been dealt with by regulators. AMP divests life business After delaying a portfolio review it initially flagged ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... financial year. ASIC commissioner Cathie Armour said the system was designed to ensure a fairness and efficient financial system. "We have been working with industry to implement the new model and making public the cost of our regulation marks a significant ...

New super fund to secure female financial security

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... charge administration fees to members on parental leave. Verve Super is aiming to tackle an inequality in the financial system that sees women retire, on average, with 47% less than men in super savings. In doing so, it has partnered with Future Super ...

FS Power50 names most influential advisers in 2018

STAFF WRITER  |  WEDNESDAY, 28 NOV 2018
... published a finance book for millennials and Charles Badenach who wrote a guide to help migrants understand the financial system better." All 50 financial advisers featured in the list were screened to ensure they are all licensed to provide personal ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
... entitlement to Centrelink benefits." Burgess said SMSFs are well paced to meet the needs of members and the broader financial system as they foster full member engagement and self-reliance in retirement. But the changes possibly weaken the sector, having ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... when implementing the recommendations of Commissioner Hayne's final report. The stability of Australia's financial system is one. "While I am determined to take all necessary steps to ensure that these issues are addressed and do not recur, I ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
... regulator's new funding would support it in developing a stronger focus on accountability and enforcement in the financial system. He added the reappointment of Byres was important for stability, given the significant reform occurring in the financial ...