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Showing 421 - 430 of 1005 results for "Financial System"

Former ING DIRECT chief joins P2P lender

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... Australia is unrivalled. His focus on customers, innovation, culture and leadership has positively transformed our financial system, and helped put more money in people's pockets. We welcome his contribution to the next phase of our evolution as we continue ...

ASIC compensation skyrockets

KARREN VERGARA  |  THURSDAY, 9 MAR 2017
... irresponsible lending and mis-selling to retail investors and consumers, which can undermine trust and confidence in the financial system," the report says. It is also targeting the risk arising from the misalignment between people's understanding of ...

NAB chief promises greater accountability

KARREN VERGARA  |  MONDAY, 6 MAR 2017
... Committee on Economics, representing the first of the four major banks in an effort to review Australia's banking and financial system. Of the 1138 employees, who breached the bank's code of conduct during the 2016 financial year, only two senior managers ...

Confusion reigns in super and life insurance: CHOICE

EMMA RAPAPORT  |  MONDAY, 27 FEB 2017
... accounts, and earn an extra $1600 a year in retirement income if superannuation was simplified. "Modelling from the Financial System Inquiry found that removing duplicate accounts could increase superannuation balances at retirement by around $25,000 ...

Senate committee files views on super objective

EMMA RAPAPORT  |  THURSDAY, 16 FEB 2017
... be increased to 12%, and made specific reference to the lack of consultation which occurred through the Murray Financial System inquiry. The majority of submitters welcomed the introduction of an independent monitoring and review system to assess the ...

APRA urges banks to raise capital

EMMA RAPAPORT  |  MONDAY, 13 FEB 2017
... the APRA's agenda for 2017, including their main policy item of implementing the first recommendation of the Financial System Inquiry; forcing big banks to raise more capital. Byres noted while APRA had been holding off until the work in Basel on the ...

Retirement needs higher purpose: ASFA CEO

DARREN SNYDER  |  WEDNESDAY, 1 FEB 2017
... to forget that superannuation is working. "It works because it provides dignity in retirement; it drives the financial system in terms of nation building infrastructure. It's important we commit to the ambitious and aspirational goal that we have for ...

Government to aid growth of social impact investment

EMMA RAPAPORT  |  MONDAY, 30 JAN 2017
... investment market growth and determine possible regulatory barriers, marking the next step in implementing the Financial System Inquiry's recommendations. In the government's 'Social Impact Investing' discussion paper released on Saturday, Treasurer ...

Government repeats fintech focus

JAMIE WILLIAMSON  |  FRIDAY, 27 JAN 2017
... new financial products and services, while maintaining acceptable risk levels to ensure that confidence in our financial system is retained," Morrison said. Morrison pointed to the cost-effectiveness and increased accessibility associated with the automation ...

A$ drop brings good cheers

BENJAMIN ONG  |  FRIDAY, 23 DEC 2016
... during the GFC when it dropped from US$0.9786 on 15 July 2008 to US$0.6036 on 27 October 2008 when the global financial system was in chaos. Once again the A$ is doing what it's supposed to do, depreciating in response to the economy's slower growth ...