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

Search Results

Showing 21 - 30 of 356 results for systemic

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... three large banks to fail and we experienced significant stress in the banking system, stemmed only by invocation of the systemic risk exception and creation of an emergency lending facility," he said. Barr explained any proposed changes to better align ...

US recession possible, but recovery would be strong: Capital Group

CHLOE WALKER  |  THURSDAY, 22 JUN 2023
... prospects of higher interest rates. "But I do think that policymakers will do their utmost to prevent that from becoming systemic," he said.

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... balance supporting innovations and reducing the costs and burdens of regulatory requirements, while not contributing to systemic or significant harms to consumers, investors, and the financial system. The metrics are "expected to move over time". The ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
Wealth management powerhouse UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from ...

Treasury mandates APRA consider climate risks in duties

RACHEL ALEMBAKIS  |  FRIDAY, 9 JUN 2023
... said Betashares responsible investments director Greg Liddell. "APRA has a well-established reputation for addressing systemic risk across Australia's financial sector and is no doubt well placed to ensure our banking system is prepared to meet the ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... all impacted. Following an internal review of pay and leave practices, along with rostering systems, Suncorp unearthed systemic underpayments. The bank reported itself to the Fair Work Ombudsman in 2020. Addressing its wage debacle, Suncorp has managed ...

Cheques to wind down by 2030: Chalmers

CASSANDRA BALDINI  |  THURSDAY, 8 JUN 2023
Archaic payment systems could soon be a thing of the past following government plans to wind down outdated methods like cheques. Treasurer Jim Chalmers handed down a five-point strategic plan yesterday in front of the Australian Banking Association ...

Advice regtech acquires TIQK assets

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... advice more rapidly, Fourth Line chair David Travers said. "It will also help identify exceptions, including technical and systemic advice risks, with more confidence. It'll also help diversify the revenue model for our first-generation product ...

AFCA outlines systemic issues in wealth management

ANDREW MCKEAN  |  TUESDAY, 23 MAY 2023
The Australian Financial Complaints Authority (AFCA) has shed light on what it considers systemic shortcomings in the superannuation, investment, and financial advice industries. The AFCA Systemic Issues Insights report identified multiple instances ...

VanEck launches US bond ETF

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... management," he said. For Australian investors, exposure to liquid US Treasury Securities offers a potential hedge against systemic or market episodes. "With TBIL being Australian dollar unhedged and the Australian dollar considered as a 'risk on' ...