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APRA issues final Basel III reforms

LINDA HAUSKEN  |  TUESDAY, 2 OCT 2012
... awaited final version of its new bank capital rules, known as Basel III, which are scheduled to come into full effect from next year. The Basel III capital framework was introduced by the Basel Committee on Banking Supervision in December 2010 to raise ...

Invesco acquires 49% stake in Religare

LINDA HAUSKEN  |  TUESDAY, 2 OCT 2012
... track record and solid revenue growth, we believe that both our retail and offshore businesses would be propelled to the next level of their growth journey," added Nath. Invesco is an independent global investment management firm, operating in 20 countries ...

Green lights on green shoots

BENJAMIN ONG  |  TUESDAY, 2 OCT 2012
... the 6.3% target promised to the EU). However, the Rajoy government is still committed to achieving a deficit of 4.5% of GDP next year and 2.8% in 2014. This is well and good but only if the tax increases and a,-13 billion worth of spending cuts announced ...

Super debate flawed: ASFA

BEN COLLINS  |  FRIDAY, 28 SEP 2012
... about a wealth goal for members isn't remotely the same as a member-specific income goal and strategy - which should be the next generation solution for securing retirement income, said Nobel laureate in economics, Robert Merton, speaking at a recent ...

Spanish austerity and Chinese take-away

BENJAMIN ONG  |  FRIDAY, 28 SEP 2012
... Spanish government's announcement of its 2013 budget that aims to cut the deficit from 8.9% in 2011 to 6.3% this year, 4.5% next year and 2.8% the year after. Financial markets saw that this was good. By imposing tough fiscal measures (in line with earlier ...

Market wrap AM

AAP  |  FRIDAY, 28 SEP 2012
... there are hopes the government will soon announce fresh monetary easing to boost the economy. Chinese markets are closed next week for the National Day holiday, which observers hope will provide a chance for leaders to introduce measures such as an interest ...

ANZ merges NZ brands

BEN COLLINS  |  THURSDAY, 27 SEP 2012
Both of ANZ's New Zealand brands will be merged over the next two years, the bank announced yesterday. Since purchasing it in 2003, ANZ has operated The National Bank alongside its operations in New Zealand. From the end of October both will be combined ...

Compliance stifling innovation: BTFG

MELANIE TIMBRELL  |  WEDNESDAY, 26 SEP 2012
... on client's portfolios from mobile devices but also use that device in the review discussion." Power said that within the next three years platforms would be extending service provision beyond advisers in an effort to provide options for better education ...

Greater uptake in global equities: Zurich

MELANIE TIMBRELL  |  WEDNESDAY, 26 SEP 2012
... Almost 70% of advisers surveyed reported they intend to increase their clients' allocation to international equities in the next six to 12 months. Patrick Noble, senior investment strategist at Zurich Investments said the change in appetite was led by ...

Market wrap - afternoon

AAP  |  TUESDAY, 25 SEP 2012
... implementing the Greek austerity measures were having a small affect on investor confidence. "They're waiting to see what happens next," he told AAP. "We're back to the old battle... This has been going on for a few years." Weaker mining stocks were ...