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Showing 341 - 350 of 2595 results for "Institutions"

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... taxpayers. The Fed has created the Bank Term Funding Program (BTFP), offering loans of up to one year to depository institutions, taking certain securities as collateral. The Department of Treasury will make available up to US$25 billion from the Exchange ...

Dodgy advice bill nears $5bn: ASIC

CASSANDRA BALDINI  |  FRIDAY, 10 MAR 2023
Providing its final update on institutions' financial advice remediation programs, ASIC calculated AMP, ANZ, Commonwealth Bank (CBA), Macquarie, NAB and Westpac have so far paid a combined $4.7 billion. The remediation programs included in ASIC's update ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... prudentially regulated sectors, including superannuation, life insurance and banking and provides for penalties on those institutions." CHOICE also welcomed the introduction of the CSLR and FAR laws, saying the new measures are critical for safeguarding ...

Advice firm launches Sharia-compliant platform

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... Australia," he said. "Muslims have faced the tough choice of having to compromise their faith when dealing with financial institutions in Australia. That has now changed."

ART appoints new board, investment committee members

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... committee chair of HESTA. He has also been chief executive and chief investment officer for major investors and financial institutions globally and in Australia. Former agent-general for Queensland in the UK and Northern Island Trade and investment commissioner ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... greenwashing conduct, and it reflects our continuing efforts to ensure sustainability-related claims made by financial institutions are accurate," she said. By taking Mercer to the Federal Court, ASIC is seeking declarations and pecuniary penalties. ...

Super fund advice needs more guardrails: Conference

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... SMSFA Conference, forging ahead with the idea that financial advice should be easily accessible within financial institutions. Given that Australians' relationship with their superannuation fund is for the long haul and might be the longest one they ...

New front in super wars, stability at risk: Opposition

ANDREW MCKEAN  |  THURSDAY, 23 FEB 2023
... of principle, it is a matter of maintaining the social licence that underpins one of our most substantial economic institutions," he added. Meanwhile, Treasurer Jim Chalmers said the objective for super will set a direction that everyone can work towards ...

Fund selectors insulating portfolios, embrace active management: Natixis IM

ANDREW MCKEAN  |  FRIDAY, 17 FEB 2023
... expected to see the biggest allocation increase in 2023. Summarising the survey, Natixis IM head of global financial institutions Matt Hebron said: "Professional fund selectors have genuine concerns about what 2023 will bring, as they anticipate elevated ...

Knight Frank, Berkadia form international alliance

CHLOE WALKER  |  THURSDAY, 16 FEB 2023
... capital markets platform, providing clients with access to the most active cross-border investors, international institutions, banks, and sovereign wealth funds. The platform spans all major capital hubs and sources of capital, including Asia Pacific ...