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Showing 361 - 370 of 2805 results for "Regulation"

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... Management. The US Federal Reserve has issued Credit Suisse a $394.84 million (US$268.5) fine while the Prudential Regulation Authority (PRA) has hit the bank with $165 million (£87 million). Due to its acquisition of Credit Suisse, UBS will be responsible ...

Aware Super migrates members to Bravura platform

ANDREW MCKEAN  |  MONDAY, 24 JUL 2023
Two years after announcing its major digital overhaul, Aware Super has reported tangible benefits from its transition to the Bravura Sonata Alta platform. Aware Super chief executive Deanne Stewart noted the move, initially driven by the need to consolidate ...

Monochrome files for first Bitcoin ETF in Australia

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... crypto-asset class." "Providing these regulated and more secure rails means investors have a much higher degree of regulation when seeking this type of exposure, with both industry and investors emerging as winners." ASIC's framework for crypto-asset ...

US regulators launch investigation into OpenAI

CASSANDRA BALDINI  |  FRIDAY, 14 JUL 2023
... course, we will work with the FTC." The technology has come under global scrutiny as it continues to emerge ahead of its regulation. Last month, Prime Minister Anthony Albanese announced further steps would be taken to ensure the growth of artificial ...

FRAA provides roadmap for improved super regulation by APRA

ANDREW MCKEAN  |  FRIDAY, 14 JUL 2023
... in the regulator's resolution function. The FRAA tabled five recommendations for APRA to enhance its superannuation regulation, making it more risk-based, forward-looking, and outcomes-focused, particularly at the systemic level. The FRAA recommended ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... capital requirements would occur with appropriate transition times," he said. "I will be pursuing further changes to regulation and supervision in response to the recent banking stress, including how we regulate and supervise liquidity, interest rate ...

Adviser demand up as industry turns corner: Recruiter

KARREN VERGARA  |  FRIDAY, 7 JUL 2023
The financial advice industry is experiencing a buoyant jobs market in 2023, according to a specialist recruitment firm, particularly in the last three months which saw healthy demand for associate adviser roles. Recruit2Advice principal Dugald Braithwaite ...

Frontier calls for better unlisted asset valuations

ANDREW MCKEAN  |  WEDNESDAY, 5 JUL 2023
Frontier Advisors is collaborating with Australian asset owners to hold fund managers to account regarding the accurate valuation of unlisted assets. The consulting firm was spurned to action amid robust growth in the superannuation sector, with an ...

RIAA chief executive to exit

ROSE MARY PETRASS  |  FRIDAY, 30 JUN 2023
After serving as chief executive of the Responsible Investment Association Australasia (RIAA) for more than 10 years, Simon O'Connor is leaving at the end of this year. O'Connor took the position in February 2013, leaving environmental non-profit ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... profession. "This breaches one of the major principles of the industry funding model, that those who create the need for regulation should bear the primary cost. The moral hazard involved in this is of great concern and a fundamental flaw in the design ...