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| | | ... that while authorised participants and market makers have distinct roles, they often end up being the same entity. "It's not a requirement for an authorised participant to be a market maker and it's not a requirement for a market maker to be ... |
| | | | ... It's alleged his conduct impacted about 40 clients and involved around $3.5 million being placed in the products, which were not approved by Shaw and Partners. In April, a teary-eyed Ridgway confessed his crimes to journalist Adele Ferguson on national ... |
| | | | ... resilience by ensuring the financial safety and soundness of banks, insurers, and superannuation entities. However, APRA does not pursue a zero-failure objective. APRA cannot eliminate the risk that an institution might fail, and it recognises that attempting ... |
| | | | ... technology makes possible," New Quantum chief executive Jong Chung said. "When we acquired 80% of Morrison Securities, it not only confirmed our leadership position in the Australian fintech industry, but also provided us with the ballast to rapidly ... |
| | | | The world's sovereign wealth funds (SWFs) have doubled their assets under management in the last decade. Preqin's latest Sovereign Wealth Funds 2023 report shows AUM held by funds now totals US$10.4 trillion, as at March end. Notably, US$4.3 trillion ... |
| | | | ... their financial advisers this end of financial year. On a recent podcast episode, Howard told Financial Standard it's not just about maximising superannuation contributions, advisers are also looking at client eligibility for the carry forward concessional ... |
| | | | Despite persistently high inflation, the Federal Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional ... |
| | | | ... MySuper product. APRA has fined OnePath Custodians $1.46 million after it was made aware 125 default member contributions were not directed to a MySuper product despite no directive having been given by the member as to where the money should be invested. ... |
| | | | ... China's economic outlook weakened other parts of the region have been steadily increasing activity, but Australia was not one of those countries. Based on the data, Australia makes up 3% of region deals and 1% of AUM for the same period which further ... |
| | | | ... aims to meet the needs of its broader client base, filling a gap for those who want professional portfolio assistance, whilst not requiring the full personal advice service. "As a well-established firm with offices in Perth and the Wheatbelt region of ... |
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