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Showing 41 - 50 of 877 results for "Financial System"

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... financial stability," they said. "The capital and liquidity positions of the US banking system are strong, and the US financial system is resilient. We have been in close contact with our international counterparts to support their implementation." All ...

Fink warns of "slow rolling crisis"

JAMIE WILLIAMSON  |  THURSDAY, 16 MAR 2023
... too quiet." Something else had to give as the fastest pace of rate hikes since the 1980s exposed cracks in the financial system," he wrote. The collapse of Silicon Valley Bank over the weekend and two other smaller banks since might have been just that ...

No systemic risk with SVB, but issues remain: Experts

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
... into higher-earning assets as interest rates plateau." Finally, a risk-off environment due to concerns about the financial system could result in a shift out of equities back into cash, which would increase industry-wide deposits. On the other hand ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
As a second institution is closed by regulators, emergency measures to shore up the US financial system and prevent a banking crisis are being implemented. It comes as local tech companies confirm minimal exposures to the Silicon Valley Bank failure. ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... treasurer Stephen Jones. The updated FAR legislation aims to prevent misconduct that may harm consumers and the financial system. It imposes four sets of obligations on these entities: accountability, key personnel, deferred remuneration, and notification ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
... a strengthened accountability framework, the FAR seeks to prevent misconduct that may harm consumers and the financial system. The FAR imposes four key sets of obligations, including accountability, key personnel, deferred remuneration, and notification ...

ASIC acts to combat financial inequality for First Nations people

ANDREW MCKEAN  |  WEDNESDAY, 15 FEB 2023
... Nations people's pre-colonial economies; and acknowledging First Nations people's exclusion from the Australian financial system. The regulator also said that financial wellbeing affects all aspects of First Nations peoples' lives, and recognised that ...

APRA urges entities to strengthen risk management

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... just one part of an interconnected ecosystem with numerous service providers that form part of, and enable, the financial system," he said. "While it's important that everyone keeps their own house in order, third-party suppliers can create vulnerabilities ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... levels of borrowing by SMSFs were said to be unlikely to pose a material systemic risk to the super or broader financial system at this time. However, this isn't withstanding evidence LRBAs are used in inappropriate ways by some individuals and can be ...

New APRA chair named

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
... that "APRA will remain focused on fulfilling its mandate and ensuring that Australia has a strong and resilient financial system," under his leadership. Meanwhile, executive directors Suzanne Smith and Therese McCarthy Hockey will be appointed as new ...