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Showing 51 - 60 of 625 results for "Financial Sector"

FSC offers guidance on divesting Russia

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
... confident that through this contribution it will assist the broader industry in ensuring divestment occurs as the financial sector makes efforts to comply with the Australian government's broader sanctions against Russia.

Supply chain, labour shortage fears: Analysts

CHLOE WALKER  |  TUESDAY, 1 MAR 2022
... structural on balance, and several analysts pointed to the link between soaring stock markets and assets values, and financial sector wages.

EM investors brace for geopolitical impact

KARREN VERGARA  |  FRIDAY, 25 FEB 2022
Russia's shocking attack on the Ukraine has far-reaching implications for emerging markets investors. Franklin Templeton's emerging markets team said it is "monitoring developments very closely, with the twin goals of being risk-aware and prioritising ...

FSCP panel members named

CHLOE WALKER  |  TUESDAY, 15 FEB 2022
... Services and Credit Panel (FSCP) have been appointed by Treasury as the new disciplinary regime kicks off. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established the FSCP within ASIC as the single disciplinary ...

Retirement Income Covenant, CCIV reforms pass

KARREN VERGARA  |  FRIDAY, 11 FEB 2022
... regime will work hand in hand with the Asia Region Funds Passport, said APIR chief executive Chris Donohoe. "The financial sector is truly global, and investors are increasingly mobile. Now that the CCIV and ARFP can work in tandem, Australian funds ...

Macquarie AM reveals outlook for 2022

CHLOE WALKER  |  FRIDAY, 21 JAN 2022
... interest rates, both short- and long-term. This, in turn, has fuelled rapid growth in debt, asset values and the financial sector," McCormack explained. "They have also contributed to a number of challenges the world currently faces, including increased ...

Avanteos faces criminal charges over deceased super members

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 DEC 2021
... was the subject of evidence given at the Royal Commission in the context of fee for no service conduct in the financial sector. The maximum penalty for each offence, which occurred between 2016 and 2018, is $180,000. This matter was investigated and ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial Services ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... APRA deputy chair John Lonsdale said: "Effective implementation of CPS 511 will strengthen the resilience of the financial sector and rein in the kinds of poorly designed remuneration practices that have damaged community trust and prudential soundness ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... changes to the mandatory financial advice exam, including substantially increasing the cost of each sitting. The Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 exposure draft regulations released yesterday will see ...