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Showing 431 - 440 of 1006 results for "Financial System"

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 ...

Government shelves ASIC register sale

ALEX BURKE  |  WEDNESDAY, 21 DEC 2016
... the register. Davis, who is the research director at the Australian Centre for Financial Studies and a former Financial System Inquiry panellist, said the Government's proposed model would "involve the private operator relying on revenue from sale of ...

Whistleblower protections under microscope

DARREN SNYDER  |  TUESDAY, 20 DEC 2016
... options for reform of existing protections under the Corporations Act 2001 and similar provisions under other financial system legislation administered by ASIC and APRA which apply to corporations; canvasses a proposal for tax legislation to introduce ...

ANZ director retires after nine years

ALEX BURKE  |  MONDAY, 19 DEC 2016
... Companion in the General Division of the Order of Australia for his "service to the stabilisation of the Australian financial system, to central banking, and to the operation of monetary and economic policy in both domestic and international spheres." ...

MySuper progresses to MyRetirement

DARREN SNYDER  |  FRIDAY, 16 DEC 2016
... reforms that offer such large potential increases in income, without a cost to taxpayers." She pointed to the Financial System Inquiry (FSI) which noted that incomes from more innovative retirement income products could be 15 to 30% higher than those ...

ASIC bans Sydney adviser

JAMIE WILLIAMSON  |  FRIDAY, 16 DEC 2016
... clients. We will investigate and take action of such conduct to ensure that consumers have confidence in the financial system." Protect Ensure's AFSL was cancelled by ASIC in December 2014 for not having adequate financial resources to provide the services ...

ANZ and Macquarie fined for cartel conduct

DARREN SNYDER  |  THURSDAY, 15 DEC 2016
... and systematic." "Attempts by banks and other market participants to fix prices or financial benchmarks in the financial system should be regarded as particularly serious contravening conduct. It is essential that market participants and the public generally ...

Super disputes kept aside in Treasury review

DARREN SNYDER  |  WEDNESDAY, 7 DEC 2016
... Superannuation Funds of Australia chief executive Martin Fahy said the group welcomed Treasury's interim report of the financial system's external dispute resolution (EDR) and complaints framework. The report has expressed a clear recommendation that ...

Life insurance legacy faces more scrutiny

DARREN SNYDER  |  THURSDAY, 1 DEC 2016
... business." Summerhayes and APRA support the implementation of a rationalisation mechanism - a recommendation from the Financial System Inquiry. It would address legacy products that become more complex and expensive to administer over time. "Legacy products ...

FOS and CIO should merge: report

ALEX BURKE  |  THURSDAY, 1 DEC 2016
... counsellors had actually interacted with the CIO over the past year. The FCA report echoes ASIC's submission to the Financial System Inquiry, wherein the regulator said: "ASIC does not consider that competition between different schemes enhances consumer ...