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Showing 711 - 720 of 992 results for "Financial System"

APRA requests more decision-making power

JAMES FERNYHOUGH  |  MONDAY, 7 APR 2014
The Australian Prudential Regulation Authority (APRA) has used its submission to the Financial System Inquiry to call for increased independence from government. APRA's submission argues that it needs more freedom to regulate the banking, superannuation ...

ISA attacks financial 'short-termism'

JAMES FERNYHOUGH  |  FRIDAY, 4 APR 2014
... investment to GDP outside the mining sector, according to Industry Super Australia (ISA). In its submission to the Financial System Inquiry, ISA described short-termism as "the tendency to overweigh near-term outcomes relative to future long-term growth ...

FPA calls for clear separation of general and personal advice

LAURA MILLAN  |  FRIDAY, 4 APR 2014
The Financial Planning Association (FPA) asked the Financial System Inquiry (FSI) to review the definitions of general and personal advice over concerns that the terms make it difficult for consumers to distinguish personal advice from product sales. ...

RBA questions super fund infra investment

ALICE URIBE  |  THURSDAY, 3 APR 2014
... appropriate to mandate funds to invest in assets to meet "broader national objectives." In its submission to the Financial System Inquiry (FSI), the central bank said that rather than superannuation funds being forced to invest in infrastructure assets ...

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
Two of the major superannuation industry bodies have used their submissions to the Financial System Inquiry to call for tighter regulation of the self-managed superannuation funds (SMSF) sector. Both the Association of Superannuation Funds of Australian ...

CBA asks Murray inquiry to remove super from awards

LAURA MILLAN  |  TUESDAY, 1 APR 2014
Commonwealth Bank (CBA) is asking the Financial Systems Inquiry to remove super from awards and to amend legislation so employers can select any MySuper product as the default fund for their employees. In a submission to the Murray inquiry, CBA said ...

Murray inquiry initial submissions due today

LAURA MILLAN  |  MONDAY, 31 MAR 2014
... government to adopt a comprehensive framework for policy formulation to manage ageing population, to establish a Financial System Policy Commission to recommend policy options and to create an open data regime to allow access to government data and modelling. ...

Murray inquiry should simplify investment tax structures

LAURA MILLAN  |  FRIDAY, 28 MAR 2014
The financial systems inquiry should be focusing on simplifying Australia's tax structure to encourage foreign investment, Minter Ellison partner Richard Batten said. The law firm will send a submission to the Murray inquiry that will stress the need ...

Michael Hintze to join Financial Systems Inquiry

ALICE URIBE  |  MONDAY, 24 MAR 2014
The founder and chief executive of global fund manager CQS Sir Michael Hintze is one of four appointments that have been made to an advisory panel to support the Financial Systems Inquiry (FSI). The International Advisory Panel will provide an expert ...

International capital requirements could cripple insurers

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
... (GFIA) has rejected the G20 proposal that top insurers hold more capital from 2019 to cover potential to the financial system. The GFIA held meetings this week with Australian officials in Canberra, ahead of the G20 Leaders' Summit that will be held ...