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Showing 31 - 40 of 46 results for "COP26"

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
Individuals found guilty of manipulating financial benchmarks could face up to 10 years in prison, while institutions could cop about $10 million in fines. Under new Federal Government reforms, the manipulation of any financial benchmark or product ...

Two Victorian advisers cop bans

KARREN VERGARA  |  TUESDAY, 16 MAY 2017
Two former AMP Group-aligned financial advisers copped temporary bans from ASIC for operating without an AFSL and providing inappropriate advice. ASIC's investigation found MySuperMan director David Heycock and employee Stuart Arnold-Levy provided unlicensed ...

Economic Wrap

ALEX DUNNIN  |  THURSDAY, 4 AUG 2016
Why Australia's banks passed on only half this week's rate cut Australia's banks are being heavily criticised for not passing on the full effect of this week's rate cut to consumers in lower mortgage rates. But with almost 60% of bank funding coming ...

Economic Wrap

ALEX DUNNIN  |  WEDNESDAY, 20 JUL 2016
Australia's foreign reserves climb to $70bn Australia's holdings of foreign reserves climbed 4% during 2015-16 to $70 billion, reports the Reserve Bank of Australia. Reserves held as foreign currency remained steady on 84% while holdings of gold increased ...

AXA IM appoints responsible investment analyst

MARK SMITH  |  WEDNESDAY, 13 JUL 2016
AXA Investment Managers has appointed an analyst to its dedicated responsible investment team. Alix Chosson joined the firm as energy fundamentals analyst in May from Standard Life Investments where she was a responsible investment analyst specialising ...

Medcraft steps down from global leadership position

ALEX BURKE  |  FRIDAY, 20 MAY 2016
ASIC chair Greg Medcraf has announced he will step down from a global leadership position so as to "refresh" the organisation. Medcraft was chair of the International Organization of Securities Commissions (IOSCO) for the past three years. He declined ...

Turnbull highlights ASIC resources boost in Parliament

ALEX BURKE  |  TUESDAY, 19 APR 2016
Reiterating that the regulator is the "tough cop on the beat," the Prime Minister has suggested in Parliament that ASIC will be given greater resources as part of a capability review. Responding to Labor MP Clare O'Neil's question about whether Government ...

Regulators defended in calls for Royal Commission

DARREN SNYDER  |  MONDAY, 11 APR 2016
Prime Minister Malcolm Turnbull has defended industry regulators in the wake of Opposition Leader Bill Shorten's call for a Royal Commission in to the banking and financial services sector. At a doorstop interview in Sydney yesterday, Turnbull said ...

Opposition welcomes SME package, slams Google tax

MARK SMITH  |  TUESDAY, 12 MAY 2015
Shadow Treasurer Chris Bowen has given his backing to small business tax cuts made in the budget but has branded the so-called crack-down on multi-nationals "a cop out". "We welcome the small business package," he told the ABC's Leigh Sales. "We support ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
The opposition has called for a further parliamentary inquiry into the Australian Securities and Investment Commission and the Commonwealth Bank and branded the government's plans to examine financial advice scandals as part of the Financial System ...