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Showing 371 - 380 of 1006 results for "Financial System"

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 ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
... fulfil the Government's commitment to review the adequacy of ASIC's enforcement regime in response to the Murray Financial System Inquiry, and provided its report to Government in December 2017."

ASIC fees to more than double

JAMIE WILLIAMSON  |  THURSDAY, 12 APR 2018
... specific entity," O'Dwyer said. The introduction of the new funding model was a key recommendation of the Murray Financial System Inquiry and is intended to strengthen ASIC while better protecting Australian consumers. The model excludes fees associated ...

Chief economist update: RBA certain to raise interest rates

BENJAMIN ONG  |  THURSDAY, 12 APR 2018
... economy." "We also have a lot riding on the Chinese authorities successfully managing the build-up of risk in their financial system. Domestically, the high level of household debt remains a source of vulnerability, although the risks in this area are ...

Royal Commission to take "labyrinthine" advice legislation to task

ALEX BURKE  |  MONDAY, 9 APR 2018
... households into the market for financial products and services." A comprehensive redesign was suggested by the Financial System Inquiry in 1997, focusing on the idea that a single market conduct and disclosure regulator should be established for the ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... how institutions that collectively account for a "sizeable proportion" of the total assets in the Australian financial system were implementing prudential frameworks on executive remuneration. "The headline message is that the institutions we reviewed ...

ASIC co-deputy chair named

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... effects that the performance of its functions and the exercise of its powers will have on competition in the financial system," the explanatory memorandum says. This means ASIC will have the ability to attract and retain the most appropriate employees ...

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
... critical components of our market architecture and improve the integrity, resilience and fairness of the Australian financial system," he said. "Furthermore, they will align our regulatory regime with international best practice, including regimes in ...

ING appoints head of wealth from Suncorp

ALEX BURKE  |  TUESDAY, 20 MAR 2018
... accredited since APRA revised the accreditation process in 2015." "Consistent with suggestions from the 2014 Financial System Inquiry, APRA's changes were intended to make the process more accessible for ADIs to achieve accreditation, without weakening ...

Australian Ethical appoints new executive

JAMIE WILLIAMSON  |  FRIDAY, 9 MAR 2018
... highly motivated to join us because our work is having a long-term positive impact," Vernon said. He added that a financial system based purely on the pursuit of profits or financial returns is not good enough. "A new model is needed where all decisions ...