Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 571 - 580 of 4503 results for "Case"

Westpac loses Ausgrid rate swap case

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
The banking giant was found to have engaged in unconscionable conduct in the interest rate swap case borne out of AustralianSuper and IFM Investors' acquisition of part of Ausgrid in 2016. In October 2016, Westpac engaged in pre-hedging of an interest ...

AI is not the 'Wild West': Longo

CHLOE WALKER  |  THURSDAY, 1 FEB 2024
Despite the rapid progress of artificial intelligence (AI), existing obligations around good governance and the provision of financial services remain robust, according to ASIC chair Joe Longo. Addressing the crowd yesterday at the UTS Human Technology ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
Senator Andrew Bragg has slammed industry super funds, accusing them of channelling $40 million to unions and Industry Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... allure of profits from crypto asset mining, but the only thing that HyperFund mined was its investors' pockets." "This case illustrates yet again how noncompliance in the crypto space facilitates schemes where promoters capitalise on the promise ...

ASIC files contempt orders against repeat offender

CHLOE WALKER  |  MONDAY, 29 JAN 2024
... and credit licenses were cancelled in November 2018, and the company was fined $9 million. ASIC called the Financial Circle case a "sequel" to the WRM [injunction] proceedings of 2017. The current matter has not yet been listed for its first appearance ...

Emerging markets well placed for 2024

CHLOE WALKER  |  FRIDAY, 19 JAN 2024
... said, leaves the space exhibiting some of the highest levels of real and nominal yields of the past 20 years. "We make the case that this combination of fair fundamentals, well identified risks, ultra-low ownership by still doubtful global investors ...

Experts expect the RBA to hold: Finder

CHLOE WALKER  |  MONDAY, 15 JAN 2024
... Bloxham said. "By the second half of the year, the risk gets larger that cuts could arrive... but this is not our central case." Janus Henderson fixed interest strategist Emma Lawson noted that most G10 markets (meaning the markets which are most heavily ...

Court fines Linchpin, Endeavour directors

KARREN VERGARA  |  THURSDAY, 11 JAN 2024
... associated with the contested hearings. Commenting on the latest decision, ASIC deputy chair Sarah Court said: "ASIC took this case because we believed reasonable steps were not being taken by the directors to comply with their own compliance plan and ...

Bragg proposes super fund reforms to protect retail investors

ANDREW MCKEAN  |  WEDNESDAY, 10 JAN 2024
... investors to protect the interests of small investors would be known," Bragg said. He cited the AustralianSuper and Origin case as an example where the proposed changes could've facilitated detailed interaction between major and minor shareholders ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... seen some small wins recently. In November 2023 ASIC was ordered to pay Mawhinney's costs in its bid to bring an expanded case against him which was rejected by the Federal Court a month earlier. The Federal Court will re-hear the case in a two-week ...