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Showing 721 - 730 of 6587 results for "Public"

The rising role and risks of generative AI

ANDREW MCKEAN  |  WEDNESDAY, 15 MAY 2024
... to create convincing outputs, they're not inherently designed to produce verifiable truths. Davis noted that while the public's focus is often on AI in client-facing applications like chatbots, which he considers "fluffy," he believes there's "massive ...

Wealth firms 'still have PTSD from the Royal Commission': Deloitte

ANDREW MCKEAN  |  TUESDAY, 14 MAY 2024
... particularly in a mass market environment," she said. However, she added that Australia's regulatory environment and urgent public policies will both play significant roles in shaping the future of financial advice, creating different local guardrails ...

Billionaire quant investing legend Jim Simons dies

ANDREW MCKEAN  |  MONDAY, 13 MAY 2024
Jim Simons, the founder of Renaissance Technologies, a hedge fund that became one of the most profitable firms in history, has died at the age of 86. Simons began his career as a mathematician, earning a mathematics degree from MIT in 1958 and a PhD ...

Federal Court rejects two CBA class actions

KARREN VERGARA  |  MONDAY, 13 MAY 2024
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF). AUSTRAC alleged as early as 2017 that the bank contravened the Anti-Money Laundering ...

Brisbane financial adviser has assets frozen

ANDREW MCKEAN  |  FRIDAY, 10 MAY 2024
... criminal charges, and Prakash's pivotal role in ASIC's investigation, make urgent ex parte orders necessary in the public interest. On 28 March 2023, the Court made orders preserving the assets of Prakash and the related companies and restrained ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
Stockspot is preparing to launch a superannuation offering that would see members' retirement savings invested exclusively in ETFs. The trading platform is planning to launch Stockspot Super later this year, first bringing an accumulation product to ...

UniSuper outage continues, no cause identified

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
The super fund plans to begin restoring services later this week, though chief executive Peter Chun has told members the root cause of the outage remains unknown. UniSuper's systems, including its app, have been down for about a week now, with members ...

Former APRA chair joins ASX board

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... regulatory expertise". Byres brings over 30 years' experience in financial services regulation, risk management, governance, and public policy in both domestic and international roles. He has previously served as the chair of APRA and the secretary general ...

OpenMarkets brings on corporate advisory firm

JAMIE WILLIAMSON  |  THURSDAY, 2 MAY 2024
... that will see boutique advisory firm Rawson Lewis join its ranks. Rawson Lewis specialises in advising and structuring public capital markets transactions, including IPOs rights issues and placements, as well as private capital raisings. It also advises ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... It will also try to attract investors specifically to build-to-rent projects. Treasury will also publish more detail and public guidance on its approach to foreign investment and tax integrity over the coming months. The fast-track process will take ...