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Showing 431 - 440 of 6071 results for "Commission"

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... could threaten financial stability, forcing novel macro-prudential strategies, according to US Securities and Exchange Commission (SEC) chair Gary Gensler. In a speech at Yale Law School, Gensler described AI as having "tremendous opportunities for humanity," ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

AMP chair steps down

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2024
... AMP board as non-executive director on 15 June 2019 at the height of AMP's tumult in the wake of the Hayne Royal Commission. She took over as chair in August 2020. She replaced Catherine Brenner who left in the hope that investors could regain confidence ...

Too many Aussies eligible for wholesale products: FSC

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
Research commissioned by the Financial Services Council (FSC) reveals that within the next decade, nearly one-fifth of Australian households will become eligible to purchase wholesale products without retail consumer protections. Accordingly, the research ...

Macquarie profits tumble; long-serving executive exits

ANDREW MCKEAN  |  TUESDAY, 13 FEB 2024
... significant drop in net profit for 3Q24, attributed to the previous year's high commodity trading gains and lower fees and commission income, though this was somewhat mitigated by investment income generated from Macquarie Capital. In 3Q24, MAM's assets ...

NAB names new chief executive

CHLOE WALKER  |  WEDNESDAY, 7 FEB 2024
... Chronican paid tribute to McEwan, who joined NAB in December 2019 with a mandate for change in the wake of the Royal Commission. "Ross has been exactly the chief executive we needed," Chronican said. "He reminded us of the value of getting the basics ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... intended to be used to commit an indictable offence. Markovic, from Coburg, faces 13 charges of aiding or abetting the commission of an offence by Cullia, namely dealing with proceeds of an indictable crime. The other charges include the possessions ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... stop it. On January 26, the same court issued Israel ruling orders that include taking "all measures to prevent the commission of genocide to Gaza" and "take immediate and effective measures to address adverse conditions to life in the Gaza Strip". Defence ...

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... executed, Westpac's trading desk achieved a profit of $20.7 million. Close to $ million was paid to the sales team as commission. The Federal Court declared the conduct was unconscionable, including because Westpac was aware the pre-hedging could adversely ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
A US court and the Securities and Exchange Commission (SEC) have slapped charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). ...