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Showing 361 - 370 of 1005 results for "Financial System"

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... terminology following the Productivity Commission's inquiry into the state of competition in Australia's financial system. The 686-page document, released on Friday, unveiled larger, highly profitable institutions in banking and insurance have ...

New lead for Productivity Commission

JAMIE WILLIAMSON  |  MONDAY, 16 JUL 2018
... contribution to the Commission, particularly the recent inquiry into superannuation and competition in the Australian financial system. "Mr. Harris has demonstrated strong leadership and dedication in advocating for important public policy reforms, balancing ...

Cryptocurrencies on radar but not priority: RBA

KANIKA SOOD  |  WEDNESDAY, 27 JUN 2018
... intermediaries," Richards said. "So, it is unlikely that there would be significant spillovers to the broader financial system if cryptocurrency holders were to suffer valuation losses or if a cryptocurrency system or intermediary was compromised." Cryptocurrencies' ...

Chief economist update: Chinese dragon now a bear

BENJAMIN ONG  |  WEDNESDAY, 27 JUN 2018
... weakening even before this trade spat started as government central tried to reduce excessive leverage in the financial system. Total social financing - the broadest measure of credit and liquidity - fell to a near three-year low of CNY0.76 trillion ...

FASEA names new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
... stakeholders to ensure we achieve the required successful outcomes," she said. "Stephen brings in-depth knowledge of financial system regulation, strong communication skills and a strategic mindset. The board expects that Stephen's stewardship will ...

AMP adds legal expert to board

KARREN VERGARA  |  TUESDAY, 12 JUN 2018
... resignation triggered a number of changes to AMP's board following its appearance at the Royal Commission. Financial System Inquiry overseer and former CBA chief executive David Murray replaces Brenner in July. Three directors, Patty Akopiantz, Vanessa ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
... Comyn said. "Banks have a critical role to play in combating financial crime and protecting the integrity of the financial system. In reaching this position, we have also agreed with AUSTRAC that we will work closely together based on an open and constructive ...

Australian asset owners support first stewardship code

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... stewardship activities which include the exercising of voting rights, company engagement, monitoring asset managers and financial system advocacy. ACSI chief executive Louise Davidson said: "The code raises the bar on signatories to proactively manage ...

Fees for no service compensation unfinished business: ASIC

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... jeopardised the integrity of the entire regulatory structure," Shipton said. "What's more they have endangered the financial system they are meant to support. This cannot stand." Citing section 912a of the Corporations Act, he added that licenced firms ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...