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

Search Results

Showing 711 - 720 of 2601 results for "Institutions"

APRA introduces annual stress-testing

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
Authorised deposit-taking institutions are in need of ongoing improvement in stress testing for all entities, according to APRA's review of 28 ADIs. The regulator said all ADIs should review their internal stress testing frameworks after the findings ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
... that has been made in the post-Hayne year, saying APRA has seen evidence that boards and management of financial institutions increasingly recognise that they have legal and ethical obligations beyond maximising profits or collecting bonuses.

Natixis hires insto sales director, opens Melbourne office

ALLY SELBY  |  TUESDAY, 18 FEB 2020
... value to Melbourne's mushrooming market. "Melbourne is not just home to many of Australia's most important financial institutions - it will soon have a bigger population than Sydney," he said. "Natixis' impressive global affiliate network and highly ...

Advisers choose remediation over advice

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... that specialises in the banking and financial services sector. Gordon recruits for some of the big four financial institutions, industry superannuation funds and dealer groups. He recently took to LinkedIn to call for financial advisers looking for a ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
Six of Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and ...

Challenger boutique winds up

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
... Australian clients unless there was specific interest down the line. The target investor base for FME was non-retail institutions, wholesale investor or sophisticated investors such as through the private banking channel. Fidante Partners usually takes ...

How to lose a mandate

KANIKA SOOD  |  MONDAY, 10 FEB 2020
... underperformance. Most institutional investors review their external fund managers every quarter (40%) or every year (30%). These institutions together outsourced about 60% of their assets to external managers, with a majority using more than 20 managers. ...

Old boys, girls clubs dominate boards

ALLY SELBY  |  FRIDAY, 7 FEB 2020
... more," they said. "[This] is perhaps why we might be seeing some of the governance crises we are seeing in our major institutions." WOB said risk aversion, low remuneration for recruiters, lack of professionalism and the prevalence of 'old boys and girls ...

AMP to pay $5m for churn

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... he said. "ASIC believes the penalty applied by the court today will act as a deterrent to AMP and other financial institutions to engage in such misconduct. AMP and other financial institutions must act in their clients' best interests." The court ...

Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 5 FEB 2020
... the industry. It also comes as a result of implementing some of Hayne's key recommendations, the decision by major institutions to leave the advice space and greater scrutiny from ASIC. Touching on the issue of grandfathered commissions, Kewin said ...