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Showing 351 - 360 of 1883 results for "Authority"

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... strengthen consumer protections. "Right now, there are around 2000 cases on hold with the Australian Financial Complaints Authority (AFCA), awaiting passage of the CSLR. In another 30 cases, compensation has been awarded, but can't be paid until the ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
... Australian corporate trustee. MSC Trustees is the first trustee firm to be appointed as trustee under new general note authority granted by ASIC under section 283AC(1)(f) of the Corporations Act. MSC group managing director Matthew Fletcher said: "This ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... said. The discussions were initiated jointly by the Swiss federal government, the Swiss Financial Market Supervisory Authority (FINMA) and SNB to ensure stability for Credit Suisse customers and the wider financial centre. "The Credit Suisse Group is ...

NZ advisers begin new licensing regime

KARREN VERGARA  |  FRIDAY, 17 MAR 2023
... March 17, all financial advice providers (FAPs) must hold or operate under a full licence from the Financial Markets Authority to be able to service retail clients. Kiwi advisers previously operated under three categories: Registered Financial Adviser ...

Link Group agrees to sell BCM arm

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
... Holdings (LCFH). The transaction is expected to complete in the second half of the year, subject to the Financial Conduct Authority, the Central Bank of Ireland, and the Dutch Authority for the Financial Markets approval. Link Group said its liquidity ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... dropped by 5%," he said. In a joint statement, the Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) confirmed they could provide liquidity backstop to Credit Suisse to reassure investors. "The SNB and FINMA assert ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... statement from regulators it was also confirmed that New York-based Signature Bank has been closed by its state chartering authority and senior management has been removed. Shareholders and certain unsecured debtholders won't be protected, it said. The ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... to ensure that consumers are covered for the full range of matters considered by the Australian Financial Complaints Authority (AFCA), including managed investment schemes (MIS)," Abood said. Of note, yesterday Treasury announced the start of its review ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... advice-related complaints has slashed by nearly half in the last year, according to the Australian Financial Complaints Authority (AFCA). AFCA registered 2211 financial advice-related complaints in 2022, the majority of which concern Dixon Advisory and ...

ASIC bans mortgage broker for eight years

KARREN VERGARA  |  MONDAY, 27 FEB 2023
... self-managed superannuation funds. ASIC also found that Childs failed to follow through with an Australian Financial Complaints Authority determination following a complaint from a Think Money client. Childs played a "significant role in the disposal ...