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Showing 601 - 610 of 2426 results for "NEC"

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
Mayfair 101 investors who have had their life savings frozen amid ASIC's proceedings have been left to their own devices, partly due to Mayfair not being a member of the Australian Financial Complaints Authority (AFCA). A spokesperson for AFCA told ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
The Reserve Bank of Australia (RBA) has told financial institutions they must be prepared for the "imminent demise" of LIBOR. RBA assistant governor (financial markets) Christopher Kent said as the deadline for LIBOR is fast approaching, financial institutions ...

Foreign exchange brokers banned

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
The corporate watchdog has banned the sole director and four employees of contracts-for-difference and FX broker Forex Capital Trading from providing financial services. Forex CT chief executive officer, responsible manager and sole director Shlomo ...

Buffett doesn't want to report on diversity, climate

KANIKA SOOD  |  TUESDAY, 16 MAR 2021
Berkshire Hathaway is urging shareholders to vote against two separate proposals urging the firm to disclose its climate-related risks and diversity metrics. Berkshire Hathaway Inc's annual meeting is scheduled for May 1. Proxy voting directions filed ...

Dexus plans merger with AMP Capital fund

ELIZABETH MCARTHUR  |  TUESDAY, 16 MAR 2021
The Dexus Wholesale Property Fund has entered into an implementation agreement with the $5 billion AMP Capital Diversified Property Fund, but AMP Capital isn't necessarily on board. The merger has been recommended by the AMP Capital Diversified Property ...

Trading platform slapped with licence conditions

KARREN VERGARA  |  MONDAY, 15 MAR 2021
A trading platform was slapped with additional conditions from ASIC for several compliance failures. ASIC is doubtful if retail OTC derivative issuer AxiCorp Financial Services has the appropriate procedures and internal controls to meet regulatory ...

Economic recovery has been stronger than expected: Lowe

ELIZA BAVIN  |  MONDAY, 15 MAR 2021
Australia's economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges ...

REITs extend performance struggles

KARREN VERGARA  |  FRIDAY, 12 MAR 2021
Australia's listed property sector continues to languish from the effects of the global pandemic, slumping 14% compared to its pre-COVID-19 performance. Rainmaker's Wholesale Managed Funds Performance Report found that equities delivered a mixed ...

Frontier zeroes in on poor culture

KARREN VERGARA  |  THURSDAY, 11 MAR 2021
Frontier Advisors is putting investment managers on notice, warning them to expect a tougher appraisal of how they manage cultural and governance issues. While it has always assessed and considered culture when it formulates manager ratings and recommendations ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
Services are popping up to assist consumers in getting refunds for fee for no service financial advice, junk insurance and other misconduct exposed by the Royal Commission - but they are doing it for a fee. Remediator is one such service, launching ...