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Showing 761 - 770 of 4211 results for "Action"

Forrests boost Minderoo by $5bn

CHLOE WALKER  |  WEDNESDAY, 21 JUN 2023
... more significant support in a focused manner, empower its partners to deliver change and ignite collective and purposeful action including for vulnerable communities, our oceans and gender equality. Specifically, it will reach Minderoo's beneficiaries ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

Soros hands the reins to son

CHLOE WALKER  |  FRIDAY, 16 JUN 2023
... son, Alexander. Specifically, the 37-year-old heir will lead Soros' charitable Open Society Foundations and political action committee, confirmed by the new successor in an interview the Wall Street Journal. Open Society Foundations is active in ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... this program and subsequent surveys. The leaks were first detected 10 years ago, and were deemed impossible to fix. No action to stem the leaks has been taken. A further 90 decommissioned wells are yet to be assessed. Santos submitted a plan to the offshore ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
The independent body tasked with reviewing the competency of APRA and ASIC has released a list of draft metrics it will use to measure the regulators against and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has ...

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 ...