Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 701 - 710 of 5944 results for "Banks"

Australian Business Growth Fund launches

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... Hodgman, former premier of Tasmania, has been appointed chair. The federal government will work alongside participating banks through the fund to ensure small and medium-sized businesses have access to equity finance during the economic recovery from ...

ASX200 advance climate targets

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... 83% of ASX200 energy companies, up from 36% in 2018, 50% of utilities up from 25%, 83% of transport up from 50% and 71% of banks up from 29%. Of the 60 companies that reported against the TCFD, 32 did scenario analysis (up from 18) with the common scenario ...

New property fund launches

ELIZABETH MCARTHUR  |  FRIDAY, 16 OCT 2020
... implemented by APRA over the last few years, including increased liquidity restrictions, have accelerated the recognition of non-banks as viable market lenders. The subsequent outbreak of COVID-19 has placed further constraints on traditional lenders," ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... might not be helping the affordability problem. "My feeling is that as an industry the dynamics are changing. We've got the banks out of wealth... We've got two institutions in AMP and IOOF left," he said. While Whereat acknowledged that the big banks ...

Westpac consolidates international operations

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... these changes," Zuber added. It comes as Finbold research reveals Westpac ranks third among the biggest fines paid by global banks so far this year. The $1.3 billion it paid over its record-breaking deal with AUSTRAC places it just behind Goldman Sachs ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
Global banks have paid out around US$10.5 billion in fines so far this year, with Westpac taking out third place thanks to the AUSTRAC scandal. The research, provided by Finbold, listed the top 10 biggest fines paid by global banks with US institutions ...

Vanguard boosts Aussie executive team

ELIZA BAVIN  |  FRIDAY, 9 OCT 2020
... assurance. Vanguard said Jacques brings close to 20 years of risk expertise working alongside asset managers and global banks in enhancing their risk programs and frameworks. Jacques is set to begin in his new role on 18 November 2020. At the beginning ...

Superhero sets eyes on managed accounts

ALLY SELBY  |  WEDNESDAY, 7 OCT 2020
... Winters said, and uses an "omnibus account" structure and regulatory regime (RG133 and RG148) typically imposed upon big banks and global custodians. "It's a single structure that holds all of the assets pooled, but we're holding it through a ...

APRA rolls out new assessment model

ANNABELLE DICKSON  |  WEDNESDAY, 7 OCT 2020
... risk assessment model with a system that will better guide the intensity of the regulator's supervision. In a letter to banks, insurers and superannuation licensees, the prudential regulator announced the Supervision Risk and Intensity Model (SRI) will ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
Two of Australia's big four banks face shareholder resolutions as a result of increased exposure to fossil fuels. NAB and ANZ have had shareholder resolutions lodged against them by environmental finance organisation Market Forces to align with the ...