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Showing 441 - 450 of 1005 results for "Financial System"

APRA marks New Year priorities

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
Despite the current Australian financial system appearing healthy there remains areas of vulnerability, according to the latest annual report from APRA. The report outlines risks in the housing market, the funding profile of the banking system, poor ...

ASIC bans fraudulent adviser

KERRIE SYDEE  |  FRIDAY, 23 SEP 2016
... ASIC. We will investigate and prosecute instances of dishonesty to ensure that consumers have confidence in the financial system." On 26 August 2016, Madhoji was sentenced to seven-and-a-half years' imprisonment with a non-parole period of 22 months ...

Default super system splits industry

DARREN SNYDER  |  WEDNESDAY, 21 SEP 2016
... alternative models around the allocation process for default fund members - another development from the 2014 Financial System Inquiry (FSI). The commission's issues paper on alternative default models, released yesterday, has again split the system ...

Senior staff changes at RBA

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2016
... governor. Meanwhile, Malcolm Edey has announced he will retire at the end of October. The current assistant governor, financial system, will be succeeded by Michele Bullock who is presently serving as assistant governor, business services. As part of ...

Good financial advice a challenge: ASIC

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... advice, irresponsible lending and mis-selling to retail investors and consumers that undermine the trust of the financial system. ASIC hopes to promote better gatekeeper culture through a number of projects including: Advice compliance at the big five ...

Capital not enough to prevent failures

KERRIE SYDEE  |  WEDNESDAY, 31 AUG 2016
... the regulatory framework seeks to protect, and/or involve significant disruption to the smooth operation of the financial system, and economic activity more generally." To ensure to the maximum probability that failures will be orderly, Byres suggested ...

Terms of reference released for complaints system review

KERRIE SYDEE  |  MONDAY, 8 AUG 2016
The federal government has released the terms of reference for the independent review into the financial system's external dispute resolution and complaints framework. The independent expert panel consisting of Professor Ian Ramsay (chair), Julie Abramson ...

Super industry bodies unite over adequacy

DARREN SNYDER  |  FRIDAY, 5 AUG 2016
... retirement." As it stands, the federal government is keen to legislate super's objective as recommended by the Financial System Inquiry (FSI) - being "to provide income in retirement to substitute or supplement the Age Pension." The industry consensus ...

SMSFs warrant PC review inclusion

DARREN SNYDER  |  WEDNESDAY, 3 AUG 2016
... supported by a qualitative assessment of: the potential for this activity to generate risks for other parts of the financial system, and the materiality of those risks; and the quality of reported data to inform the regulators' ability to understand ...

Is gold on the ceiling for Australian investors?

DARREN SNYDER  |  FRIDAY, 29 JUL 2016
... from equities people. We have a meaningful allocation to physical gold bars. We love that they sit outside the financial system. They are our liquid bricks and mortar," Rachcoff said. He told the event that generally investors and investment advisers ...