Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 3301 - 3310 of 6264 results for "DET"

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products. The US Commodity Futures Trading Commission found that, between January 2007 and March 2012, traders in New York - including the head of ...

Medium risk for terrorism funding in financial advice

ALEX BURKE  |  THURSDAY, 22 DEC 2016
A Federal Government agency says there is a medium level of risk for money laundering and terrorism financing in the Australian financial planning industry. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the government's financial ...

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator. The undertakings relate to the banks' wholesale spot foreign exchange businesses. ASIC determined ...

Top 10 financial planning stories in 2016

STAFF WRITER  |  TUESDAY, 20 DEC 2016
1. No bachelor's degree for existing advisers In April the Federal Government announced existing advisers will not be required to complete a bachelor's degree and will be given a longer time frame to meet new education standards. Government Minister ...

Super headaches from ATO system crash

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
The Australian Taxation Office is working through its worst system outage in recent history, potentially delaying Australians from consolidating or transferring their superannuation before Christmas. The outage began on Monday 12 December, and as of ...

Whistleblower protections under microscope

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
The Federal Government aims to strengthen whistleblower protections in the tax and corporate sectors by reviewing several identity and disclosure rules. Federal Minister for Revenue and Financial Services, Kelly O'Dwyer, confirmed this morning that ...

Trump to boost Aussie commodities

JAMIE WILLIAMSON  |  TUESDAY, 20 DEC 2016
The squashed Australian commodity sector is expected to receive salvation from President-elect Trump come the New Year. That is a key takeout of State Street Global Advisors' latest report, 'After a Year of Unthinkables', which highlights the opportunities ...

Life insurers complacent on Big Data

ALEX BURKE  |  MONDAY, 19 DEC 2016
The lack of urgency displayed by life insurers in relation to adopting Big Data is unsustainable, a new report suggests. The MLC/Financial Services Council Big Data in Life Insurance report is based on data analysis and in-depth interviews with C-suite ...

The good and the bad in the Fed rate hike

BENJAMIN ONG  |  THURSDAY, 15 DEC 2016
At long last - after 12 long months of toing and froing speculations - it came to pass. The stars aligned enabling Janet to move nearer from turning almost a decade of abnormal monetary policy into normal. Two days less of a full year, the Fed followed ...

Former ANZ planner cops ban

JAMIE WILLIAMSON  |  MONDAY, 12 DEC 2016
ASIC has banned a former ANZ Financial Planning representative for five years. The regulator found that Andrew TambyRajah of Sydney engaged in misleading and deceptive conduct while employed by ANZ Financial Planning between 19 January 2006 and 30 July ...