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Showing 31 - 40 of 2917 results for "Overnight"

AFA shuffles board, names new president

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
The Association of Financial Advisers announced several board changes overnight, including the resignation of its national president. National president Michael Nowak steps down after one year. Prior to that, he served as vice president for four years. ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
The landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... between the essential board skills and capabilities, and board appointments", according to the paper. Boards are not made overnight, Rafe said: "They evolve over time, as directors come and go... Boards therefore need to have a long-term plan involving ...

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... the Hayne Royal Commission exposed its ineffectiveness at enforcing corporate law. Federal treasurer Josh Frydenberg overnight released a new set of expectations and mandates for the corporate regulator. In the Statement of Expectations, Frydenberg said ...

LIBOR phased out by year end

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... rate as soon as practicable and no later than 31 December 2021. The Financial Stability Board supports the adoption of overnight risk-free rates where appropriate, and recognizes the role of forward looking risk-free rate term rates in some limited cases. ...

Chief economist update: Inflation scare

BENJAMIN ONG  |  THURSDAY, 13 MAY 2021
Wall Street's down! All four US benchmark equity indices dropped overnight - the Dow by 1.99; the S&P 500 by 2.1%; the Nasdaq composite by 2.7%; and the Russell 2000 by 3.3%. The yield on 10-year US bonds increased to 1.70% from 1.62% the day before. ...

Standard Life Aberdeen rebrands to Abrdn

KARREN VERGARA  |  TUESDAY, 27 APR 2021
... a bid to revamp the company with a modern edge. Standard Life Aberdeen plc will become Abrdn plc, the firm announced overnight. Abrdn, which is still pronounced "Aberdeen", reflects a modern brand that will also be used for all the client-facing businesses ...

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
It's bad news day on Wall Street overnight with all four its benchmark equity market indices flashing red. The S&P 500, the DJIA and the Nasdaq dropped by 0.9% each, while the Russell 2000 had a smaller decline of 0.3%. The financial literati were ...

Chief economist update: Bank of Canada walks the talk

BENJAMIN ONG  |  THURSDAY, 22 APR 2021
... decided to taper QE at the conclusion of its April 21 meeting, to wit: "The Bank of Canada today held its target for the overnight rate at the effective lower bound of 1/4 percent, with the Bank Rate at 1/2 percent and the deposit rate at 1/4 percent. ...

Chief economist update: Bubble, bubble getting out of trouble

BENJAMIN ONG  |  MONDAY, 19 APR 2021
"Come fly with me, let's fly, let's fly away..." -Frank Sinatara It didn't happen overnight, but it's happening... now. The Trans-Tasman bubble is here! After more than a year - I recall watching Qantas' chief executive saying it's ...