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Showing 561 - 570 of 1006 results for "Financial System"

Larry Fink warns of bubble in income assets

MARK SMITH  |  FRIDAY, 17 APR 2015
... said, adding: "This increasingly desperate search for yield is now the greatest source of prudential risk in the financial system." According to the BlackRock co-founder the problem is most acute for investors nearing the end of the accumulation phase. ...

FOS decries unpaid compensation

DARREN SNYDER  |  TUESDAY, 14 APR 2015
... compensation scheme is the missing piece from regulatory discussions and suggested improvements in Australia's financial system. The call comes as part of the service's submission to the Financial System Inquiry Final Report which is aiming to map a ...

Even simple funds pose risks: IMF

DARREN SNYDER  |  FRIDAY, 10 APR 2015
... supervision with better data and oversight of an asset management industry that is playing a rising role in the financial system. Chief at the IMF's global financial stability analysis division, Gaston Gelos, said attention to possible risks related ...

Digital currency continues to be monitored: RBA

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... alternative mediums of exchange such as digital currencies, consistent with the observations of the final report of the Financial System Inquiry." The RBA noted digital currencies have the potential to raise more immediate concerns over issues relating ...

Regional banks call for FSI reforms without delay

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... Australia's four leading regional banks raised three key issues in their submission to the federal government's Financial System Inquiry Final Report recently. Regional banks including Suncorp Bank, ME Bank, Bank of Queensland and Bendigo and Adelaide ...

FSI must lift value in super system: AVCAL

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
... retirement incomes. The call comes as one of four key issues raised by AVCAL in its submission to the government's Financial System Inquiry Final Report due last month. AVCAL recommends "disclosure settings for superannuation funds should be designed ...

FSI submissions close

DARREN SNYDER  |  TUESDAY, 31 MAR 2015
Public submissions on the federal government's Financial System Inquiry Final Report close today. Provided about four months to comment, it is expected all financial service sectors will contribute their thoughts on the government's 44 recommendations ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
... banks and life insurers, "are not in a position to compete in the near term." The report said that following the Financial System Inquiry (FSI) recommendations, "the banks currently have capital constraints and have recently experienced losses and low ...

ASIC penalties 'like being hit with a lettuce leaf': Murray

LAURA MILLAN  |  WEDNESDAY, 25 MAR 2015
... Australian Securities and Investment Commissions (ASIC) are so weak that they are like being hit with a lettuce leaf, Financial System Inquiry chair David Murray said. Speaking at a panel session at the ASIC summit, only two seats away from ASIC chairman ...

FSC supports longer threshold for unclaimed life insurance

ALEX BURKE  |  THURSDAY, 19 MAR 2015
... 2012-2013. Loane said that the decision to change the threshold back to seven years was "backed by David Murray's Financial System Inquiry which found this would halve the number of claims." She added, "Under the three year rule there was no nexus between ...