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

Search Results

Showing 21 - 30 of 205 results for sanction

Fund inflows drop sharply: Calastone

ANDREW MCKEAN  |  TUESDAY, 12 APR 2022
Calastone insights have found that Australians' investment appetite has cooled markedly in the first quarter of 2022. The quarterly fund flow index from Calastone found that after record inflows to managed equity funds in 2021, the value of new cash ...

FSC offers guidance on divesting Russia

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
The Financial Services Council (FSC) has released guidance to assist super funds and fund managers in divesting Russian assets. Despite superannuation funds only having a small exposure to Russian investments in the context of the $3.5 trillion superannuation ...

Australia imposes further sanctions on Russia

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
Australia has increased the economic costs to Russia following its invasion of Ukraine, by applying an additional tariff of 35% for all imports from Russia and its ally Belarus. This further sanctioning of Russia will see Australia issue a formal notification ...

War in Ukraine sparks defence spend

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
An unstable global geopolitical situation, most significantly due to Russia's invasion of Ukraine, has prompted a $270 billion commitment to defence spending in the Federal Budget. The increased allocation to defence will bring Australia's defence spending ...

Hume, Bragg address Blockchain Week

ELIZABETH MCARTHUR  |  TUESDAY, 22 MAR 2022
Senators Jane Hume and Andrew Bragg have addressed Blockchain Week, emphasising the government's support of crypto and blockchain technology. In her address, Hume committed to establishing a market licensing regime for crypto exchanges and introducing ...

Disclosure lacking in common ownership: Committee

JAMIE WILLIAMSON  |  FRIDAY, 18 MAR 2022
The House of Representatives Standing Committee on Economics has recommended greater disclosure obligations for institutional investors and proxy advisors and for the ACCC to actively monitor common ownership in Australia - all the while sharing little ...

Can Russia use crypto to get around sanctions?

ELIZABETH MCARTHUR  |  FRIDAY, 11 MAR 2022
There are growing concerns Russia might use cryptocurrencies to circumvent sanctions and move money undetected, raising concerns around the ethics of crypto. According to insights from the University of New South Wales, Russia has one of the highest ...

Super funds drop Russian assets

ELIZABETH MCARTHUR  |  FRIDAY, 4 MAR 2022
Australian superannuation funds are dropping Russian assets in response to its invasion of Ukraine amid escalating global sanctions against Russia. Yesterday Treasurer Josh Frydenberg and Senator Jane Hume released a joint statement requesting that ...

NZ Super Fund excludes Russian debt, state-owned holdings

JAMIE WILLIAMSON  |  THURSDAY, 3 MAR 2022
The NZ Super Fund and three other New Zealand institutional investors have excluded Russian sovereign debt and investments in majority state-owned enterprises and will look to divest any current holdings as soon as possible. NZ Super Fund, the Accident ...

MSCI downgrades Russia's ESG rating

JAMIE WILLIAMSON  |  WEDNESDAY, 2 MAR 2022
The global ratings and indices provider has downgraded its ESG Government Rating of Russia in response to its invasion of Ukraine. Russia's rating was downgraded from BBB to B with a negative outlook, and the rating for Belarus was also downgraded from ...