Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 461 - 470 of 3417 results for "Update"

APRA toughens stress testing frequency, valuation stance

KARREN VERGARA, RACHEL ALEMBAKIS  |  FRIDAY, 21 JUL 2023
... data is incorporated in unit prices/crediting rates, access to valuation information and costs," APRA said. In the latest update, APRA wants trustees to "ensure that all valuations are received within a timeframe that supports active oversight and timely ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
ClearView has copped an interim stop order on two of its life insurance products after ASIC found deficiencies in its Target Market Determination (TMD). The interim stop order applies to Clearview Life's ClearChoice Income Protection Cover and Accidental ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
The Reserve Bank of Australia (RBA) said the decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia ...

Monochrome files for first Bitcoin ETF in Australia

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
Monochrome Asset Management, via its responsible entity Vasco Trustees, has lodged an updated application for its Bitcoin ETF with the ASX. The Monochrome Bitcoin ETF (IBTC) will be an exchange-traded fund that will offer retail investors direct and ...

ASIC to host CHESS replacement roundtable

CHLOE WALKER  |  MONDAY, 17 JUL 2023
... the opportunity to be part of that solution, and it is in the national interest to do so." On June 29, ASX provided an update on the solution option assessment process currently underway. Earlier in the month, the ASX laid out its five-year plan to restore ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... force of the Federal Reserve's supervision. I expect to have more to say on these topics in the coming months." The update coincides with Silicon Valley Bank's (SVB) parent company SVB Financial Group suing the US Federal Deposit Insurance Corporation ...

Magellan's FUM falls again

CHLOE WALKER  |  THURSDAY, 6 JUL 2023
... distributions of approximately $0.3 billion in July. This figure will be reflected in the fund's FUM and performance fee update for next month. According to Rainmaker research, the fund manager bled $6 billion in the year to March. In April, it lost ...

Waypoint REIT cops $27.1m devaluation

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... supply chain problems, however higher interest rates are perhaps the biggest detriment. In June, Charter Hall provided an update on its REIT valuation and said: "The valuations resulted in a net movement of $164 million, inclusive of capex, reflecting ...

AMP loses BOLR changes class action

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... reviewing the judgment in detail to determine the full effect of the judgment and its next steps". "AMP will provide an update in due course," the wealth management firm said. The BOLR changes sprung by AMPFP left many of its advisers up in arms, claiming ...

FAAA celebrates membership renewals, anticipates more

ANDREW MCKEAN  |  TUESDAY, 4 JUL 2023
... membership start date for AFA members, on a similar basis as FPA heritage members." Additionally, the FAAA provided an update on the FPA heritage membership numbers. Out of the 9693 FPA members eligible to renew their memberships, 6377 practitioners ...