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Showing 321 - 330 of 979 results for "Financial System"

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
... a higher bar and we think that's a good thing." The banking sector is the largest part of the Australian financial system. It is made up of 147 authorised deposit-taking institutions (ADIs) which collectively hold $4.6 trillion in assets, around ...

Post Royal Commission change is all talk: Shipton

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
... in the context of its size, stating: "ASIC has been designed over the arc of its history and how Australia's financial system has evolved over the years to have its own unique characteristics." He said now is the right time to discuss whether ASIC and ...

Chief economist update: China's slowing fast

BENJAMIN ONG  |  MONDAY, 22 OCT 2018
... recent "abnormal fluctuations" in markets don't reflect the country's economic fundamentals and "stable financial system." Liu He, China's vice premier, hammered home the message in an interview with the Xinhua News Agency. He urged officials ...

APRA readies ADIs for BEAR

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
... robust framework for identifying any breaches. APRA chair Wayne Byres said many problems that have arisen in the financial system over recent years have had, at their heart, organisational complexity and diffused responsibility. "By effectively implementing ...

Chief economist update: China on the down low

BENJAMIN ONG  |  WEDNESDAY, 17 OCT 2018
... banks - the PBOC announced earlier this month took effect this week and is expected to inject a CNY750 into the financial system. This followed reductions in the RRR in January, April and June for a total of 250 bps reduction so far this year.

What do future asset managers look like?

DARREN SNYDER  |  WEDNESDAY, 10 OCT 2018
... for the present and the future." "This is why asset managers of the future will continue to be pillars of the financial system," Willcox said. The journalist is a guest of J.P. Morgan Asset Management in London.

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. APRA deputy chair Helen Rowell confirmed the prudential regulator has banned just one person from being a responsible person ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... products should not be sold at all. They questioned if the Productivity Commission's competition in the Australian financial system report published in June 2018 is sufficient to address the problems that can arise where financial products are sold under ...

Chief economist update: Surplus here we come

BENJAMIN ONG  |  WEDNESDAY, 26 SEP 2018
The US Federal Reserve is poised to announce another 25 basis point taking the fed funds rate to 2%-2.25% when it concludes its September FOMC meeting later today. That wouldn't be a surprise. Another 25 basis point hike in December also wouldn't ...

Legislation lifts ASIC recruitment limitation

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
... Frydenberg said the Bill ensures ASIC considers the effects its functions and powers will have on competition in the financial system. Competition is critical in improving the performance of the financial system - it ensures both consumers and investors ...