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Showing 651 - 660 of 2805 results for "Regulation"

Xinja returns deposits

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
... products and announced the return of its authorised deposit-taking institution (ADI) licence. The Australian Prudential Regulation Authority began monitoring Xinja's return of deposits, worth more than $252 million, to 37,884 customers on 16 December. ...

Hume advocates for affordable advice

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
... that the advice process is lengthy, costly and prioritises compliance and the needs of AFSLs over consumers." Current regulation prevents SMSF trustees obtaining the limited SMSF advice they require. "We believe every effort should be made to implement ...

WFH arrangements need planning: Research

ANNABELLE DICKSON  |  WEDNESDAY, 20 JAN 2021
The disconnect between employers and employee expectations of hybrid working arrangements is tipped to grow as employees begin the transition back to the workplace, new research shows. The Adapting to the New Normal: Hybrid Working 2021 report, released ...

BNP Paribas to offer initial margin services

KANIKA SOOD  |  THURSDAY, 14 JAN 2021
... initial margin requirements on bilateral transactions were negotiated on a case-by-case basis without prescriptive regulation. However, this changed in 2016 as Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities ...

Rice Warner weighs in on Your Future, Your Super

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... need to be careful they don't breach anti-hawking legislation. Rice Warner suggested trustees be exempt from such regulation given that the performance test will weed out underperformers with little risk that potential new members will end up in ...

Chief economist update: China on my mind

BENJAMIN ONG  |  THURSDAY, 14 JAN 2021
... deaths (based on worldometers.info data), Australians could afford to wait for the jab. Latest Australian Prudential Regulation Authority (APRA) figures indicate that there's more than A$200 billion in savings - A$113 billion in household banking ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
... advisers and licensees cautious, she said, is that scaled advice is open to interpretation under FASEA and ASIC's own regulation and can be reinterpreted by the Australian Financial Complaints Authority. "But any guidance that would give an adviser and ...

Challenger to buy industry-fund-owned bank

KANIKA SOOD  |  WEDNESDAY, 23 DEC 2020
... settlement date of March 2021. The transaction needs approval from the Federal Treasurer and Australian Prudential Regulation Authority. The ASX-listed company will expand MLMF's term deposit offering by replicating the investment strategy it uses in ...

APRA hands down self-assessment report

KARREN VERGARA  |  MONDAY, 21 DEC 2020
... engagement with industry stakeholders. One concern that emerged from industry associations was the increasing cost of regulation. Many also urged APRA to resume its work on improving the transparency on its assessment of costs and benefits of proposed ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... keep the pressure on these trustees to rectify fee and performance issues and it is "certainly not waiting for [the regulation] to be passed to take action on those particular funds," she said. "We will review the heatmap and consider what changes may ...