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

Search Results

Showing 771 - 780 of 4212 results for "Action"

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 ...

APRA probes super fund payments to unions

ANDREW MCKEAN  |  THURSDAY, 1 JUN 2023
... "This is an illegal scheme designed to syphon retirement savings from super funds to the unions. "The lack of enforcement action has become a joke."

Bank of Queensland slapped with EU

CASSANDRA BALDINI  |  WEDNESDAY, 31 MAY 2023
... exposed issues within the Bank of Queensland's (BOQ) operational risk, compliance and risk culture. As part of the action taken against the bank, APRA will require it to hold an operational risk capital add-on of $50 million to take effect from May ...

JPMorgan developing investment advice AI

ANDREW MCKEAN  |  TUESDAY, 30 MAY 2023
... on AI and machine learning models, as well as 600 machine learning engineers writing the code to put these models into action. The bank is looking at potential applications of AI across various areas, including natural language processing, time series ...

More PwC staff to go, will remain anonymous

CASSANDRA BALDINI  |  TUESDAY, 30 MAY 2023
... tax policy information and for betraying the trust of Australians. She said the team is committed to taking all further action required to enhance accountability and announced additional actions to do so. "PwC Australia has directed nine partners to ...