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Showing 351 - 360 of 1006 results for "Financial System"

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 ...

Frydenberg appoints second APRA deputy chair

HARRISON WORLEY  |  TUESDAY, 18 SEP 2018
... years of experience in Treasury, Frydenberg said he was confident Lonsdale would bring a deep knowledge of the financial system and policy expertise to APRA. According to the Treasurer, appointing a second deputy chair ensures APRA's executive group ...

Royal Commission challenges super regulators

KARREN VERGARA  |  TUESDAY, 28 AUG 2018
... superannuation industry, questioning their purpose in safeguarding retirement savings and the stability of the financial system. In his fifth round submission paper released last Friday, counsel assisting Michael Hodge questioned if the regulators have ...

Government introduces financial literacy strategy

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
... "ASIC is committed to financial inclusion and better outcomes for all Australians. People are at the heart of the financial system and at the centre of this national strategy." He added the financial sector as a community should be engaging in practices ...