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Showing 501 - 510 of 5944 results for "Banks"

Rest bolsters operational risk oversight

ELIZABETH FRY  |  FRIDAY, 6 MAY 2022
... valuation audits and validation of models used in complex fixed-income trading books, credit-linked notes for investment banks, and valuation credit securities in illiquid high yield investment funds. Before joining Deloitte, Foo worked in investment ...

Aussie private capital on the rise: Report

CHLOE WALKER  |  WEDNESDAY, 4 MAY 2022
... debt managers are an increasingly important source of funds for small to mid-sized Australian companies, as the commercial banks impose tighter lending conditions in response to regulatory pressures," Kelly said. "Businesses are also responding to the ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... necessary measure to curb runaway inflation, the impact of the move has been immediate. A Rate City report has said if the banks pass on this hike in full, the average borrower with a $500,000 loan and 25-year mortgage term would see repayments shoot ...

ANZ stablecoin amplifies changing operating models

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... (conventional state-backed currency)." ANZ banking services lead Nigel Dobson described Defi as a new world and traditional banks as old-world TradeFi institutions, but he said those aren't necessarily mutually exclusive elements. Dobson then explained ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... half don't expect the RBA to jack up rates until June. Unlike the surveyed economists, interestingly three of the big four banks have said they expect a rate rise on Tuesday.

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... at its half-yearly results later this week. Irrespective of NAB's individual circumstances, notably AUSTRAC's 2021 major banks in Australia risk assessment labelled the overall money laundering and terrorism financing risk for the industry as 'high'. ...

The transforming role of the trustee

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... four biggest funds manage approximately $755 billion, a figure that's 10% bigger than the market capitalisation of the big banks and BHP combined. Cochrane said: "I think that it says a little about the complexity of our lives that it has become very ...

Super's defense against economic volatility

ANDREW MCKEAN  |  FRIDAY, 29 APR 2022
... what Swan called "an invaluable economic cushion in an uncertain world." Previously super funds had helped recapitalise banks and supported Australia's non-financial corporations by proving equity when banks were reluctant to provide debt. Proving ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... scams can be absolutely devastating for victims like Ms Du Preez." Macquarie also said it is in contact with the woman's banks to help recover the funds, despite not actually have a hand in the matter. "... When it comes to staying safe from scams, it's ...

Heritage Bank, People's Choice proceed with merger plans

CHLOE WALKER  |  TUESDAY, 19 APR 2022
The banks are moving forward with plans to merge following a rigorous due diligence process. The merger between Heritage Bank and People's Choice Credit Union is set to create an organisation with about 720,000 members and $22.5 billion in total assets. ...