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Showing 421 - 430 of 5941 results for "Banks"

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... management because it's better to mitigate risk before it crystallises. "While APRA has the ability to compel answers from the banks, insurers and superannuation trustees we regulate when things go wrong, we expect to see questions being asked and answered ...

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
Australia's mutual banks, building societies and credit unions (the mutuals) increased in net assets but fell in profitability over FY22. According to KPMG Mutuals Industry Review 2022, net assets jumped 7.8% to $11.2 billion, up from 5.5% growth ...

Sovereign wealth funds increase investment horizons, private market exposure

ANDREW MCKEAN  |  FRIDAY, 25 NOV 2022
... investment officers, heads of asset classes and senior portfolio strategists at 81 sovereign wealth funds, and 58 central banks, managing a combined US$23 trillion also found that allocations to fixed income fell, while equity allocations increased. ...

The game changing trends planners should know about

CHLOE WALKER  |  THURSDAY, 24 NOV 2022
... doesn't even exist, it's just for your avatar to live in, in a virtual realm." McQueen added that a lot of his work with banks right now is around the question of what a transaction in the metaverse would look like. "In fact, we saw earlier this ...

Super assets decline despite contributions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 23 NOV 2022
... quarterly ROR, as investment markets have suffered losses predominantly due to tightening monetary policy by many central banks globally, continuing uncertainty largely related to the conflict in Ukraine, pressures from disrupted supply chains and weaker ...

Industrial property ensures big wins for TelstraSuper

ELIZABETH FRY  |  MONDAY, 21 NOV 2022
... be to increase rather than reduce risk," he explained. However, he thinks inflation will be persistent and that central banks will continue to be aggressive. "The combination of inflation and higher interest rates is going to have a meaningful impact ...

AFCA secures $900m in compensation

CASSANDRA BALDINI  |  MONDAY, 21 NOV 2022
... also handled more than 300,000 disputes, an average of 200 complaints per day, over the past four years. AFCA explained banks, general insurers, credit providers, super fund trustees and or advisers as well as underwriting agencies generate the most ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
... were not informed that the insurance was optional, and didn't know they would be charged for it. "Taking on the big banks was never going to be easy but we are pleased that we have been able to resolve these group proceedings and that eligible customers ...

ASIC issues more stop orders

CHLOE WALKER  |  THURSDAY, 10 NOV 2022
... shares exposed to the property sector, were seeking an investment earning a higher return on investments than that offered by banks, had a balanced to aggressive risk profile and the ability to read and comprehend the prospectus. Among other things ...

Australia can avoid recession: Outlook

CASSANDRA BALDINI  |  WEDNESDAY, 9 NOV 2022
... Australia due to energy prices not doubling as we've seen in Europe. Wage growth remaining lower, money tightening by central banks (risking a sharp slowing in global growth and inflationary pressure) as well as US upstream price pressure slowing will ...