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Showing 381 - 390 of 979 results for "Financial System"

Senior executives sworn to secrecy over bank levy

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... This is likely to lead to highly flawed legislation and further risks unintended consequences on the economy and financial system," Bligh said.

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
... engagement between banks and all affected regulators, will help to avoid unintended consequences on the economy and financial system." In response, Fraser pointed to Budget papers outlining revenue and expenditure decisions. Fraser assured the ABA that ...

Banks hoping to stall new tax

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
Two of the big four banks have called for the Government to hold off on implementing the proposed levy announced in last week's Federal Budget. In submissions to Treasury, both ANZ and Commonwealth Bank identify significant risks to Australia's economic ...

APRA announces promotions, new hires

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
... was most recently senior manager, enterprise strategy and risk and also served as a principal adviser in the Financial System Inquiry. Sharyn Reichstein, meanwhile, has become general manager, advice and approvals. Before this role, she was a senior ...

Financial dispute authorities combined for 'one-stop-shop'

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... documents said. "Too often the sector has not met those expectations. That is why the Government is overhauling the financial system. Building on its existing reform agenda, the Government is taking strong new action to ensure the sector delivers the ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... The ACCC will also receive $13.2 million over the next four years to complete regular inquiries into specific financial system competition issues - a recommendation of the House of Representatives Standing Committee on Economics' Review of the Four Major ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... next four years to initiate new regulatory activities aimed at supporting "a stable, efficient and competitive financial system." The new measures will be designed to protect the financial interests of depositors, insurance policyholders and superannuation ...

Treasurer launches new financial system inquiry

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... government is launching yet another inquiry that will investigate the level of competition across Australia's financial system. The Productivity Commission has been tasked to deliver better outcomes for consumers and small businesses, as well as improve ...

Government pushes ahead with new ASIC funding model

ALEX BURKE  |  FRIDAY, 5 MAY 2017
... July 2017. Industry funding is a critical component of the Government's plan to improve consumer outcomes in the financial system." O'Dwyer added industry funding "will ensure that ASIC's regulatory costs are recovered from those entities that create ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
... overheated housing market driven by wealthy SMSFs," Bowen said. The policy is backed by the head of the government's financial system inquiry, David Murray, who recommended the general ban on direct borrowing by SMSFs to mitigate the risk of financial ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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