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Showing 4321 - 4330 of 8182 results for "Institutional"

FSC speaks out against elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
... said. She added that the FSC will continue to work with the commission to ensure that the appropriate legal and institutional frameworks are developed to allow financial services providers "to act on and safeguard against incidence of elder financial ...

ANZ selling stake in Chinese bank

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
Continuing its strategy to focus on institutional banking operations in Asia, ANZ has agreed to sell its 20% stake in Shanghai Rural Commercial Bank. ANZ is selling its stake to China COSCO Shipping Corporation and Shanghai Sino-Poland Enterprise Management ...

Westpac provides head start to wealth management

JAMIE WILLIAMSON  |  TUESDAY, 3 JAN 2017
Two-thirds of Australian parents worry about how financially astute their children will be by the time they graduate high school and Westpac is offering a $200 head start. As part of its 200th anniversary celebrations, the bank has developed the 'Bump' ...

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
ASIC confirmed the completion of ANZ's independent compliance review. The review, which was conducted by PwC, investigated compliance functions of ANZ's life and general insurance, superannuation and funds management businesses within the OnePath group. ...

Suncorp fined for consumer credit breach

ALEX BURKE  |  FRIDAY, 23 DEC 2016
Suncorp paid a total of $530,000 in penalties for breaching consumer protection laws. ASIC said Suncorp's breach of consumer credit notification provisions occurred as a result of an internal error, which prevented a "large number of consumers" from ...

ASIC takes Westpac to court

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
A battle over the definition of personal and general financial advice will play out in the Federal Court following ASIC's decision to bring civil proceedings against Westpac subsidiaries. The corporate regulator is alleging Westpac Securities Administration ...

Goldman Sachs fined $120m for rate rigging

JAMIE WILLIAMSON  |  FRIDAY, 23 DEC 2016
Goldman Sachs will pay a $120 million penalty for attempting to rig global benchmarks for interest rate products. The US Commodity Futures Trading Commission found that, between January 2007 and March 2012, traders in New York - including the head of ...

Metro property markets continue reliable income

DARREN SNYDER  |  FRIDAY, 23 DEC 2016
Property fund manager Centuria says Australian metropolitan markets will continue to deliver both reliable income and capital returns in 2017. Centuria Metropolitan REIT (CMA) trust manager Nicholas Blake told Financial Standard that several underlying ...

CSC contributes to global ESG think tank

DARREN SNYDER  |  FRIDAY, 23 DEC 2016
... some of the world's largest pension funds, endorsed a draft statement for the "Effective Stewardship Activities of Institutional Investors" with the wider aim to enhance constructive dialogue and sustainable corporate growth between asset owners and ...

Top 10 executive appointments in 2016

STAFF WRITER  |  FRIDAY, 23 DEC 2016
... Kiddie joined Perpetual in February 2016 from BNP Paribas Investment Partners, where he was chief executive of the UK institutional business based in London. Before that he was chief investment officer of the multi-asset and investment specialist team ...