Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 361 - 370 of 5385 results for "Federal"

BUSSQ fights back against regulatory imposition

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... length by APRA over the past two years, without any negative findings." APRA acknowledged BUSSQ's application to the Federal Court challenging the decision to impose additional licence conditions on the trustee, confirming that it intends to contest ...

ASIC wins case against crypto exchange Kraken

ANDREW MCKEAN  |  MONDAY, 26 AUG 2024
... national currency was a deferred debt, and therefore the "margin extension" should be classified as a credit facility. The Federal Court determined that the obligation to repay a digital asset wasn't an obligation to repay money and was therefore ...

Fed's Powell says 'time has come' to cut rates

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
US Federal Reserve chair Jerome Powell has declared that inflation is on a sustainable path back to the 2% target and the "time has come" to start cutting interest rates. Powell spoke to global central bankers, policymakers, economists, and academics ...

ASIC locks eyes on super industry

ELIZA BAVIN  |  THURSDAY, 22 AUG 2024
... ASIC had commenced around 170 new investigations - an increase of around 25% - and filed 33 new civil proceedings in the Federal Court - an increase of 27%. "Our investigations have led to 18 criminal convictions and seen a further 23 individuals charged ...

Recordkeeping breach costs RBC, BNY Mellon US$85m

KARREN VERGARA  |  FRIDAY, 16 AUG 2024
... and senior managers sent and received off-channel communications that had to be kept as official company records under federal securities laws. The SEC argued that failure to do so deprives it from conducting its investigations. Ameriprise Financial ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... 3.3%. As inflation begins to ease around the world, pundits are calling for a bold 50 basis point rate cut for the US Federal Reserve. The US presented a modest rise of 20 basis points (3.2%) in its inflation index in July, the lowest level since April ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
The Australian Securities and Investments Commission (ASIC) has commenced proceedings in the Federal Court against the ASX, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... concerned about "the potential impact on trustees" in light of recent allegations, particularly given the steps taken by the federal government and Fair Work Commission. The regulator added that due to the "significant public interest" and coverage of ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... insurers being the largest provider of financial support to those struggling with mental health episodes, second only to the federal government. More than 91,000 Australians have received more than $12 billion in financial support from life insurers ...

Markets melt down over 'premature' recession fears

ELIZA BAVIN  |  TUESDAY, 6 AUG 2024
... potential US recession. Mediocre jobs data released in the US sparked recession fears with investors also concerned the Federal Reserve is behind in cutting interest rates. However, Bell Potter research assistant Andrew Ho said the market reaction may ...