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Showing 721 - 730 of 4166 results for "Action"

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... was worsened by recent disruptions in the US banking system in March 2023. "It was necessary for the authorities to take action in order to prevent serious damage to the Swiss and international financial markets," FINMA said. UBS will manage two separate ...

FSC updates TMD template for fund managers

ANDREW MCKEAN  |  THURSDAY, 8 JUN 2023
... Determination (TMD) to promote regulatory best practice in the funds management industry. This follows ASIC's recent regulatory action against Spaceship and Mitrade Global for inadequate compliance with the Design and Distributions Obligation (DDO) regime ...

Super fund ESG options underweight BHP, overweight CSL

RACHEL ALEMBAKIS  |  THURSDAY, 8 JUN 2023
... address every social ill facing Australia. "This makes running a super fund portfolio in light of all the ESG and climate action constraints akin to walking a high wire tightrope," he said. "Plus, through following the Sustainable Development Goals and ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... billions, it's done so at the expense of investors by depriving them of the protections to which they are entitled. Today's action seeks to hold Coinbase accountable for its choices." The SEC is seeking injunctive relief, disgorgement of ill-gotten gains ...

ASIC chair calls out greenhushing

RACHEL ALEMBAKIS  |  TUESDAY, 6 JUN 2023
... according to ASIC chair Joe Longo. In a public speech, Longo provided additional context to the market regulator's focus on ESG action and disclosure by companies - what he called governance, greenwashing and the growth of sustainable finance. Longo ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... any of their hard-earned assets with or on these unlawful platforms." In response to the SEC's filing, Binance said the action undermines the US's role as a global hub for financial innovation and leadership, adding that any allegations that user assets ...

ASX lays out five-year plan to restore trust

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... requires prudent workforce planning. While many of these issues have already been considered, ASIC catalogued them into 27 key action points. "Indicatively, most of these are expected to complete by the end of 2025. The roadmap will continue to evolve ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... 50 corporate actions, Vanguard inaccurately reported differences in the value of shares before and after the corporate action as a purchase or withdrawal instead of market appreciation or depreciation, which also calculated false investment returns. ...

ASIC issues first-of-its-kind stop order

CASSANDRA BALDINI  |  MONDAY, 5 JUN 2023
... trading accounts or dealing in CFDs or margin foreign exchange contracts (margin FX) to retail investors. ASIC said the action is its first in response to a contravention of the reasonable steps obligations regarding a financial product since the DDO ...

Family offices ignoring $3.5tn time bomb: KPMG

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
Echoing similar findings by UBS, KPMG has found that of the estimated 70% of Australian businesses that are family-run, only 30% have an established succession plan. This comes into focus with a $3.5 trillion intergenerational wealth transfer expected ...