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Showing 531 - 540 of 2881 results for "Standards"

Fed seeks feedback on rules to resolve large bank failures

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... Michael Barr said: "As the banking system changes, policymakers must continuously evaluate whether resolution-related standards and prudential standards for large banks keep pace." Separately, Fed vice chair Lael Brainard raised concerns about the increased ...

Choice performance test pause in members' best interests: Chant West

CASSANDRA BALDINI  |  FRIDAY, 14 OCT 2022
... to provide 'good advice' may have the unintended consequences of lowering the quality of advice to consumers and the standards of advice across the industry as a whole. "Those that may not be recognised by consumers are nevertheless important to the ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... of strong competition for lending, but the size of the sector remains small and there is little evidence that lending standards have deteriorated." The decline in crypto-asset prices in the first half of 2022 also had a limited impact on Australia's ...

APRA unmasks fund outsourcing impacts

ANDREW MCKEAN  |  THURSDAY, 6 OCT 2022
... value for members. A common pitfall APRA saw was for benchmarking exercises to focus on justifying costs and service standards, rather than seeking to challenge the status quo. "Weaker benchmarking exercises focused mainly on costs of an arrangement ...

More consolidation is needed, says Diverger chief

CASSANDRA BALDINI  |  WEDNESDAY, 28 SEP 2022
... within the financial advice industry. "I think we are one of the larger service providers and yet, by listed company standards, we're small," he explained in a recent interview with Financial Standard. "The industry is fundamentally a cottage industry ...

FPA calls for sunset on experience pathway

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2022
... course, and a statutory declaration. "If despite our concerns the government chooses to make amendments to the education standards at this late stage of the transition framework, the FPA is concerned that simply basing an exemption on 10 years of experience ...

Still work to do on QAR: Levy

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... greatest ongoing discussion among his membership is around the idea that relevant providers have one set of professional standards that those not considered relevant providers don't. "It does cause concern about leveling the playing field; how do ...

A year of change: Phil Anderson

CASSANDRA BALDINI  |  THURSDAY, 22 SEP 2022
... happens." Addressing delegates at the AFA Thrive Conference on the Gold Coast, Anderson highlighted the educational standards and said the surrounding debate has probably been the "hottest" seen for quite some time. "It's fairly and evenly divided ...

The time for change is now: Jones

CASSANDRA BALDINI  |  WEDNESDAY, 21 SEP 2022
... he said. AFA national president Sam Perera asked the minister how to best strike the balance between higher education standards to safeguard the profession while also ensuring fairer treatment for existing advisers. "Some people may say it's gone a little ...

APRA to modernise regulatory frameworks

ANDREW MCKEAN  |  TUESDAY, 13 SEP 2022
APRA has outlined plans for its multi-year program to modernise the architecture of prudential standards for banks, insurers, and super funds. The program, which commenced last year, is intended to ensure the framework continues to underpin financial ...