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Showing 4451 - 4460 of 14213 results for "Interest"

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
... is already positioned for this eventuality. The CME FedWatch Tool puts the probability of the US central bank taking interest rates down by another 25 basis points to 1.75%-2% on September 18 at 81.9%. I don't know anyone who can bet against those ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
Consultation is open for exposure draft regulations extending the Federal government's design and distribution obligations. The government has released updated design and distribution obligations, which now extend to investor directed portfolio services ...

Industry Fund Services adopts regtech solution

KRISTI CHENG  |  FRIDAY, 13 SEP 2019
... that industry fund members can trust." It designs solutions to improve financial advice compliance and oversight of best interest duty for consumers. "Advice RegTech is excited to support an organisation that shares a similar vision to improve outcomes ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... Germany, Austria and the Netherlands against a big stimulus package, Draghi over-delivered. "First, as regards the key ECB interest rates, we decided to lower the interest rate on the deposit facility by 10 basis points to -0.50%." The interest rate ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
ASIC commissioner Sean Hughes has made it clear the regulator is already positioning itself to be the primary conduct regulator in superannuation. Speaking at a Risk Management Association Australia event yesterday, Hughes said ASIC's role in regulating ...

Chief economist update: 'Paradox of Thrift' in action

BENJAMIN ONG  |  THURSDAY, 12 SEP 2019
... spending package amounting to around 4.2% of GDP. This is in tandem with the Reserve Bank of Australia's (RBA) series of interest rate reductions that took the official cash rate from a high of 7.25% in 2008 to 3% by May 2009. It worked! Australia ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... in force at the time, including the obligation for personal advice to have a reasonable basis, rather than the "best interest duty" which applies to personal advice given since July 2013." Adviser obligations prior to 1 July 2013 are those that fall ...

Foresight launches new wholesale fund

ELIZABETH MCARTHUR  |  TUESDAY, 10 SEP 2019
... investment track record, Foresight has the experience and the sector knowledge to best capture these opportunities in the interest of Australian investors." Foresight head of infrastructure Nigel Aitchison said: "There is no question that the surge in ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... Crisis of 2008 gave birth to "non-conventional monetary policy" - where many developed country central banks lowered interest rates to zero/negative and/or engaged in quantitative easing. While these prevented the "Great Recession" from turning into ...

IFM Investors executive departs

KANIKA SOOD  |  MONDAY, 9 SEP 2019
An IFM Investors executive director has left the company, five months after the company paid $493,000 to settle sexual harassment claims made against him by a former associate on his team. Frederic Michel-Verdier's last day with IFM Investors was ...