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Showing 651 - 660 of 7495 results for "System"

Macquarie reprimanded again for derivatives compliance failures

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
ASIC is again taking action against Macquarie Bank for "multiple and significant compliance failures" relating to its futures-dealing business and over-the-counter (OTC) derivatives trade reporting. The failures have been undetected for many years ...

Licensees slash compliance spending: Survey

KARREN VERGARA  |  WEDNESDAY, 7 MAY 2025
... One third of larger businesses have the same sentiment. Derham said this is despite the fact that Australia's regulatory system works on an assumption that conflicts of interest are to be expected and managed. Meanwhile, artificial intelligence (AI)-related ...

Magellan sees $1bn monthly outflows

ELIZA BAVIN  |  TUESDAY, 6 MAY 2025
Magellan Financial Group was hit by $1 billion in net outflows in April, comprising $100 million in net retail outflows and $900 million in net institutional outflows. However, total assets under management (AUM) increased from $37.5 billion in March ...

ASIC streamlines AFSL applications

JAMIE WILLIAMSON  |  MONDAY, 5 MAY 2025
... ASIC said. However, transactions to vary, cancel or maintain an AFSL are still in the works, so the existing eLicensing system will remain operational for now. Those applying for an AFSL can do so through the existing system or via the new portal, for ...

Labor wins: What super, advice industries want

ELIZA BAVIN  |  MONDAY, 5 MAY 2025
... super. SMC chief executive Misha Schubert said the election result was a clear message that Australians want a strong super system. "SMC will continue to work across the full breadth of the Parliament to progress a positive policy agenda to make Australia's ...

ART promotes high-profile retirement specialist

ELIZABETH FRY  |  THURSDAY, 1 MAY 2025
... member functions to deliver the critical pillars of a retirement service and advance the super fund's ambition for the system and its members. Essentially, Van Wyk's role has been expanded since, as head of ART's asset liability management ...

ASX admits CHESS tech staff 'stretched'

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
... said it would further review the current CHESS resourcing following the delivery of new CHESS Release 1. The new CHESS system will be implemented in two stages with Release 1 - the delivery of clearing services - targeted for March or April 2026. Release ...

AUSIEX to acquire FIIG Securities

ELIZA BAVIN  |  THURSDAY, 1 MAY 2025
Wholesale trading platform AUSIEX will acquire fixed income trading business FIIG Securities by the end of June 2025. The acquisition price has not been disclosed, but Financial Standard understands it has been described as "fair value". Financial Standard ...

Smaller super funds unfairly burdened by regulatory levy model: CPA

ANDREW MCKEAN  |  WEDNESDAY, 30 APR 2025
... APRA to recover costs incurred for regulating the superannuation industry, are a "key component to the integrity of the system," but the current model is "unfair and change is long overdue." "Despite the total levies for next year falling, members of ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
The Australian Financial Complaints Authority (AFCA) has released its bi-annual System Issues Insight Report, to address industry practices and reduce consumer complaints. In the first half of 2024-25, 235 matters were reported affecting 187,855 consumers ...