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Showing 661 - 670 of 4098 results for "Conduct"

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Search funds, an investment strategy that sprung from the hallways of two Ivy league universities in the US, have reached Australia, grabbing the attention of investors drawn to the new business model and returns in excess of 30%. Developed by universities ...

Link Group sells Funds Solutions, settles with FCA

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
Link Group has sold the troubled Fund Solutions business and reached a settlement with the UK Financial Conduct Authority (FCA) over the Woodford fund issues. Fund Solutions has been sold to Waystone Group, for between $203 to $259 million (£110- £140) ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
A major overhaul is in store for the Reserve Bank of Australia, with the widely anticipated review putting forth 51 recommendations, with particular consideration given to how cash rate decisions are made. Released today, An RBA fit for future comes ...

Apple dives deeper into financial services

CASSANDRA BALDINI  |  TUESDAY, 18 APR 2023
... linked account. Silicon Valley's entry into the space has caused some concern for regulators, last year the Financial Conduct Authority (FCA) launched an inquiry into big tech firms like Google, Facebook Amazon and Apple entering financial markets with ...

RBA reforms require bipartisan support: Chalmers

KARREN VERGARA  |  TUESDAY, 18 APR 2023
... payments, financial infrastructure, banking, and banknote functions. Chalmers further flagged that the Statement on the Conduct of Monetary Policy will potentially be included in the RBA Act. The statement is a common understanding between the RBA governor ...

Illegal early release of super sees director banned

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... with Edden-Brown in December 2020, he failed to remove the statements until July 2021, ASIC said. "As a result of this conduct, Edden-Brown is not fit and proper, and is not adequately trained or competent, to participate in the financial services and ...

Princeton endowment fund chief to retire

CHLOE WALKER  |  MONDAY, 17 APR 2023
Princeton University Investment Company (PRINCO) president Andrew Golden has announced his retirement after close to three decades in the top job, during which the university's endowment has grown tenfold. Since joining in 1995, Golden has contributed ...

Former Shaw and Partners adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... Finally, ASIC said he made false statements to the regulator in the course of its investigation. It's alleged his conduct impacted about 40 clients and involved around $3.5 million being placed in the products, which were not approved by Shaw and ...

Pension fund ousts chief over US bank losses

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
The chief executive of Sweden's Alecta was let go by the fund as it looks to recover from large losses resulting from investments in Silicon Valley Bank, Signature Bank and First Republic Bank. Overnight, Magnus Billing was axed as chief executive with ...

ASIC cans Binance AFSL

KARREN VERGARA  |  TUESDAY, 11 APR 2023
... regulated activity. "No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK," the Financial Conduct Authority said.