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Showing 341 - 350 of 979 results for "Financial System"

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... Comyn said. "Banks have a critical role to play in combating financial crime and protecting the integrity of the financial system. In reaching this position, we have also agreed with AUSTRAC that we will work closely together based on an open and constructive ...

Australian asset owners support first stewardship code

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... stewardship activities which include the exercising of voting rights, company engagement, monitoring asset managers and financial system advocacy. ACSI chief executive Louise Davidson said: "The code raises the bar on signatories to proactively manage ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... jeopardised the integrity of the entire regulatory structure," Shipton said. "What's more they have endangered the financial system they are meant to support. This cannot stand." Citing section 912a of the Corporations Act, he added that licenced firms ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
... fulfil the Government's commitment to review the adequacy of ASIC's enforcement regime in response to the Murray Financial System Inquiry, and provided its report to Government in December 2017."

ASIC fees to more than double

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
... specific entity," O'Dwyer said. The introduction of the new funding model was a key recommendation of the Murray Financial System Inquiry and is intended to strengthen ASIC while better protecting Australian consumers. The model excludes fees associated ...

Chief economist update: RBA certain to raise interest rates

BENJAMIN ONG  |  THURSDAY, 12 APR 2018
... economy." "We also have a lot riding on the Chinese authorities successfully managing the build-up of risk in their financial system. Domestically, the high level of household debt remains a source of vulnerability, although the risks in this area are ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
... households into the market for financial products and services." A comprehensive redesign was suggested by the Financial System Inquiry in 1997, focusing on the idea that a single market conduct and disclosure regulator should be established for the ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... how institutions that collectively account for a "sizeable proportion" of the total assets in the Australian financial system were implementing prudential frameworks on executive remuneration. "The headline message is that the institutions we reviewed ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... effects that the performance of its functions and the exercise of its powers will have on competition in the financial system," the explanatory memorandum says. This means ASIC will have the ability to attract and retain the most appropriate employees ...