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

Search Results

Showing 21 - 30 of 2601 results for "Regulation"

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... and damage to market confidence." Longo said licensees should be proactive, instead of simply waiting for AI laws and regulation to be introduced. "We want to see licensees harness the potential for AI in a safe and responsible manner-one that benefits ...

APRA questioned on super performance test

ELIZA BAVIN  |  FRIDAY, 25 OCT 2024
APRA has been questioned by the House of Representatives around how it monitors superannuation fund performance and whether there should be more focus on fees over returns. Independent MP Allegra Spender questioned APRA deputy chair Margaret Cole on ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... Following an international search, ASIC chair Joe Longo announced the appointment of Peter Soros as executive director regulation and supervision, and Chris Savundra to the role of executive director enforcement and compliance. Soros will join ASIC from ...

Profile Financial Services chief resigns

KARREN VERGARA  |  FRIDAY, 11 OCT 2024
... hold, working on scaling up, taking advantage of the opportunities that come from technology, outsourcing and change in regulation. The group at the time serviced about 1500 families and aimed to expand this to 10,000 by 2031. "All of those things are ...

ASX listings dwindle as companies abandon public markets

ANDREW MCKEAN  |  FRIDAY, 11 OCT 2024
The number of publicly listed companies on the Australian Securities Exchange (ASX) has plummeted over the past year, according to its latest monthly activity report. The ASX saw a decrease of nearly 100 listings over the past year, signalling reduced ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
Pride Advice has acquired two firms, flagging there is more "room for growth to come." The acquisitions of Adelaide-based Flexible Lifestyle Solutions and Serious Money have expanded Pride Advice's team from four to 11 advisers and to 30 supporting ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
GESB, the public sector fund for Western Australia, has had its governing regulations amended to enable its adoption of the 2019 Protecting Your Super reforms - part of a broader suite of changes it's looking to implement to ensure sustainability. This ...

Regulators to clamp down harder on greenwashing

ANDREW MCKEAN  |  FRIDAY, 27 SEP 2024
... said Australia is likely to follow the UK's lead in tightening ESG-related rules, after the climate-related disclosure regulation was brought in. "The prevention and mitigation of greenwashing remains a regulatory priority globally, as governments look ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... potential than before to amplify shocks in the financial system". The RBA said for these reasons, the Australian Prudential Regulation Authority is stepping up the intensity of its supervision of superannuation funds. Australia's super sector is worth ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
The Australian government has recommended super funds use 'nudging' to help encourage members to engage more with their retirement savings, however new research from Yale University in the US has found the practice doesn't work as well as initially ...