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Showing 331 - 340 of 522 results for "Powers"

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
... working in the best interest of the client rather than their institution. But in July, the government used its regulatory powers to modify aspects of the laws, raising the ire of consumer advocates, seniors and industry superannuation funds. They argued ...

Shareholder primacy a myth: Governance Institute

JAMES FERNYHOUGH  |  MONDAY, 27 OCT 2014
... said: "It is important to clarify that the legislation does not state that directors and other officers must exercise their powers and discharge their duties in the best interests of shareholders, although case law has tended to grant primacy to shareholders' ...

Global deflation - the next worry?

BENJAMIN ONG  |  THURSDAY, 23 OCT 2014
... far, only asset prices - bonds, equities, property - have inflated and ran up, up and away. Perhaps, it's time for the 'powers that be' to craft a new experiment in economic stimulation... before the 'law of diminishing returns' catches up with them ...

FPA rejects FSC adviser regulation plans

ALICE URIBE, LAURA MILLAN  |  WEDNESDAY, 24 SEP 2014
... transition for older advisers. Under the proposal the Australian Securities and Investment Commission (ASIC) would also see its powers to regulate reduced, with a greater emphasis on enforcement. "I am very purist about the ASIC role. People who write ...

Penalties for fund managers too lenient

MARK SMITH  |  WEDNESDAY, 10 SEP 2014
... industry professionals and regulators, a re-examining of the criteria that determine sophisticated investor status and greater powers for regulators. Dr Rajapakse does warn however, that "a suitable regulatory framework should not be motivated by a need ...

Govt seeks discretion to freeze super guarantee

JAMES FERNYHOUGH  |  TUESDAY, 2 SEP 2014
... politicians draw on their generous defined benefit pensions. The government has not yet said how it intends to use its new powers, should the legislation pass the Senate. The government has already frozen the superannuation guarantee for two years. A ...

Body needed to monitor adviser competency: FSC

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... demands among the more than 6,000 submissions to the second round of the FSI. Other points of debate are increasing ASIC's powers to immediately ban financial planners that are not providing proper advice, as well as changing disclosure obligations so ...

Market Wrap AM

AAP  |  TUESDAY, 22 JUL 2014
... 4,424.70. All three indices rallied significantly from morning declines that took the S&P 500 as low as 1,965.77. Western powers have ratcheted up the pressure on Russia over the apparent shooting down of a Malaysian passenger jet over rebel-held east ...

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
... forward. Instead, it suggests increasing the capital requirements for large financial institutions, strengthening regulatory powers and investing more in pre-planning and pre-positioning for financial failure. The inquiry's final report and recommendations ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In the 460-page interim report released today, the Committee ...