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Showing 651 - 660 of 992 results for "Financial System"

Dimensional latest to join Calastone network

MARK SMITH  |  THURSDAY, 21 AUG 2014
... BT Financial Group, Hyperion, Fidelity, UBS, and IOOF. The announcement comes as the Murray inquiry into the financial system has called for greater focus on efficiency around the operation of superannuation in Australia. "Our business is founded on ...

Cap market efficiency plummets

ALEX DUNNIN  |  WEDNESDAY, 20 AUG 2014
Reinforcing why the government initiated the Financial System Inquiry, economic research by Industry Super Australia has revealed that the financial services sector is becoming less efficient at raising capital. The cause of the problem, according to ...

Ditch retail prospectuses in some cases, say leading lawyers

ALEX DUNNIN  |  TUESDAY, 19 AUG 2014
... panel of leading finance industry lawyers has said. The proposal surfaced following the release of the interim Financial System Inquiry (FSI) report that raised the conjecture that disclosure has failed to protect retail investors. Speaking at a UNSW ...

Consumers have no loyalty to financial institutions

MARK SMITH  |  MONDAY, 18 AUG 2014
... banks including Citibank (12.6%), HSBC (17.9%) and ING Direct (14.0%) as at June 2014. "The recently released 'Financial System Inquiry - Interim Report' found that the banking sector is competitive, although concentrated. It appears from our analysis ...

Law firm rubbishes Grattan fee report

MARK SMITH  |  MONDAY, 18 AUG 2014
Global law firm Herbert Smith Freehills has urged the Financial System Inquiry (FSI) to throw out a controversial report that claims the superannuation system is too expensive. In a submission to the FSI, Herbert Smith Freehills criticises the FSI committee's ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). The new package includes new prudential standards in relation to governance, exposure management ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

More super changes inevitable: EY report

MARK SMITH  |  THURSDAY, 14 AUG 2014
... nature of the system, further regulatory change and focus is inevitable. This is evident in the release of the Financial System Inquiry's interim report," he said. "The industry should be taking this opportunity to work with government and regulators ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... Australian Prudential Regulation Authority (APRA). He was also a part of the Wallis Inquiry into the Australian financial system and had a 20 year career with the Reserve Bank of Australia (RBA). Promontory Financial Group chief executive officer Eugene ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... eventually they must be required to hold a degree. Rantall said the current focus on advice in the media and the Financial System Inquiry is a good opportunity for the industry to look at separating personal professional advice from advice that amounts ...