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Showing 411 - 420 of 2856 results for "Standards"

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... of four PRA Fundamental Rules. "The firm's risk management oversight and practices fell well below the regulatory standards required," it said. "The failings were found to be symptomatic of an unsound risk culture within the business line that failed ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... first self-reported." "There was never any intention to mislead, but Vanguard recognises it has not lived up to the high standards it holds itself accountable to and apologises for the concern this matter may cause for our clients," the manager said. ...

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... conditions on three SMSF auditors for failing to satisfy fit-and-proper person requirements or breaches of auditing standards, independence requirements and registration conditions. Paul Barry, Stephen Funder, Bruce Jones, Gregory Leggett, and Malcolm ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... months, Barr said he engaged with a wide range of stakeholders to get a broad perspective on how the Fed's capital standards interact with each other. "In the midst of this review, we once again learned the importance of resilience when a sudden ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... said some advisers had their buy-back valuations slashed as a result and further claim AMP is using 2019 compliance standards to reassess historic audits to do so. In short, advisers said their businesses were being downgraded based on standards and ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... information by its senior staff. It said yesterday that eight of its partners who were found in breach of professional standards and entangled in the ongoing tax scandal would be dumped. Former chief executive Tom Seymour, Peter Konidaris, Eddy Moussa ...

More assets held in Choice over MySuper: APRA figures

ANDREW MCKEAN  |  MONDAY, 3 JUL 2023
... holds $62,000. APRA publishes statistics on the superannuation industry on a quarterly basis, but under new reporting standards implemented in Phase 1 of the Superannuation Data Transformation project, the regulator released the inaugural quarterly superannuation ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... impact costs. Managing director and head of portfolio solutions at bfinance Duncan Higgs said the industry needs higher standards for cost transparency and cost comparability. "This subject will likely come under greater scrutiny now that costs in many ...

RIAA chief executive to exit

ROSE MARY PETRASS  |  FRIDAY, 30 JUN 2023
... important to the work we do here." This announcement coincides with the release of the International Sustainability Standards Board's (ISSB) first two finalised standards and the Australian government's second consultation proposing mandatory ...

ALRC to simplify, restructure advice laws

KARREN VERGARA  |  FRIDAY, 23 JUN 2023
... be able to reflect what the government has, over several years, sought to professionalise the advice industry, raise standards above those generally applicable to other financial service providers, and improve advice outcomes. The report also seeks to ...