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Showing 411 - 420 of 4470 results for "Case"

Lack of talent challenging DDO compliance

JAMIE WILLIAMSON  |  MONDAY, 23 SEP 2024
... practice, he said. Kaizen Recruitment director of legal, risk, and compliance Amanda Chisholm fears this may well be the case for some time to come, with the rate of regulation far outpacing the financial services sector's ability to build effectively ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... recognition among financial regulators." AMP deputy chief economist Diana Mousina said the 425 basis point increase in the case rate over 2022 to 2023 has been the largest increase to interest rates in Australia since the late 1980s. "Mortgage delinquencies ...

Fed cut will not move the dial for RBA

ELIZA BAVIN  |  FRIDAY, 20 SEP 2024
... for the first rate cut to be delivered in December. Previously CBA had been predicting a November cut. "We leave our base case unchanged for the commencement of an RBA easing cycle in Q4 24. But we shift the timing of the first expected 25bp interest ...

ASIC sees case against Rest thrown out

ANDREW MCKEAN  |  THURSDAY, 19 SEP 2024
ASIC's case against Rest, in which it alleged the super fund misled members about their ability to transfer superannuation out of the fund, has been thrown out by the Federal Court. The case focused on Rest's past practices around rollover requests ...

Regal sets eyes on Platinum takeover

ELIZA BAVIN  |  TUESDAY, 17 SEP 2024
... back-office functions. However, not all fund consolidations have gone smoothly, with Perpetual's acquisition of Pendal being case in point," Ler said. "Platinum's outlook as a standalone entity remains challenged. Its performance continues to ...

Federal Reserve rate cuts beckon

ANDREW MCKEAN  |  MONDAY, 16 SEP 2024
... data support a 50 basis point move to kick off the long-awaited cutting cycle next week, FOMC officials have not made that case, and the data is not emphatic enough to force their hand. We retain the view the Fed will deliver 100 basis points of cuts ...

Scams prevention framework consultation released

ELIZA BAVIN  |  MONDAY, 16 SEP 2024
... for fraud, banks are good at alerting us and are often able to stop the fraud very quickly. "Unfortunately, this is not the case with bank transfers, which is where most fraud is happening." Rao said measures that alert consumers that the account they ...

Rising HNW numbers fuel need for specialist advice

JAMIE WILLIAMSON  |  THURSDAY, 12 SEP 2024
... personalised and specialised advice to help manage their wealth and prepare for intergenerational transfer. This is particularly the case for those with $5-$10 million in assets. According to the report, there is about $1.9 trillion poised to be transferred ...

APRA alleges First Super co-chair breached director duties

JAMIE WILLIAMSON  |  FRIDAY, 6 SEP 2024
First Super co-chair Michael O'Connor has stepped down following allegations by APRA that he breached his duties as a director in relation to a contract between the fund and the Construction, Forestry and Maritime Employees Union (CFMEU). In addition ...

CLSA penalised over data mistakes

MATTHEW WAI  |  FRIDAY, 30 AUG 2024
... The corporate watchdog said that providing accurate regulatory data is a "core obligation" of market participants, in this case CLSA, for ASIC to perform its mandated function of supervising and ensuring the integrity of the market. Providing distorted ...