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Showing 41 - 50 of 55 results for "Council of Financial Regulator"

Treasurer opens doors to ASX competition

ALEX BURKE  |  FRIDAY, 1 APR 2016
... competitive markets" are "fundamental to a vibrant 21st century economy," Morrison referred to the Council of Financial Regulator's Review of Competition in Clearing Australian Cash Equities, which made three key recommendations. The first was that the ...

SMSFs welcome no dumping of LRBAs

DARREN SNYDER  |  SUNDAY, 8 NOV 2015
The Self-managed Independent Superannuation Funds Association (SISFA) said it will work with the federal government to ensure SMSFs can take advantage of future retirement income developments. Yesterday the government said it will support the Financial ...

ASX records $400m profit

DARREN SNYDER  |  THURSDAY, 20 AUG 2015
The Australian Securities Exchange (ASX) recorded more than $176 million in revenue from listings and issuer services over the last financial year as it continued to expand its " investment supermarket ". Announcing a full-year after tax profit of $398 ...

Treasury examining ASX monopoly

ALEX BURKE  |  MONDAY, 1 JUN 2015
Assistant Treasurer Josh Frydenberg said the Government is considering encouraging competition in equities clearing to break up the ASX's monopoly. Speaking at the 2015 Annual Stockbrokers Conference in Sydney, Frydenberg conceded there had already ...

NAB appoints new chair

ALEX BURKE  |  THURSDAY, 7 MAY 2015
NAB has appointed Ken Henry AC as its new chairman. Henry will succeed Michael Chaney AO, who will retire at the bank's annual general meeting in December. Henry has been on NAB's board since November 2011. Previously he was Secretary of the Commonwealth ...

ASX will cut clearing fees if monopoly extended

MARK SMITH  |  TUESDAY, 10 MAR 2015
ASX has confirmed that it is in discussions to lower its clearing fees for cash equities, if its current monopoly is extended for five years. "ASX is consulting with its customers and other stakeholders in conjunction with a review by the Council of ...

MySuper fees approaching KiwiSaver best practice

STAFF WRITER  |  TUESDAY, 21 OCT 2014
While there is lots of self flagellation over super fund fees in Australia, Australian fund fees may be closer to best practice than we realise. In a submission to the Financial Systems Inquiry (FSI) by the New Zealand Council of Financial Regulators ...

Hot property on notice

BENJAMIN ONG  |  THURSDAY, 25 SEP 2014
Cool it or we'll hose you down! That's the overriding message to the property market of the Reserve Bank of Australia's (RBA) September Financial Stability Review. While the Australian central bank also warned against rising property prices in March ...

ASX flags concerns over losing single operator status

LINDA HAUSKEN  |  TUESDAY, 14 AUG 2012
The Australian Securities Exchange raises a red flag over any loss of its current monopoly on clearing and settlement - claiming the country's financial market stability might be at risk. Up until now the ASX have been the single operator of clearing ...

Market solutions favoured in OTC derivative reform

MELANIE TIMBRELL  |  FRIDAY, 20 APR 2012
The Council of Financial Regulators has recommended a preference for market-led solutions, in part driven by appropriate regulatory incentives to comply with a G20 commitment on OTC derivatives. The Government released the consultation paper yesterday ...