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Showing 61 - 70 of 148 results for "ADI"

Superannuation to face BEAR: Hayne

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
The Banking Executive Accountability Regime should be extended to superannuation. This is one of nine recommendations for the superannuation sector Commissioner Kenneth Hayne has pushed for in his final report released overnight. The BEAR came into ...

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
... see consumers benefit from enhanced competition and potentially innovative new business models," he said. "The Restricted ADI framework is designed to balance the competing objectives of encouraging competition while maintaining safety and stability ...

FIIG turns to institutional market

HARRISON WORLEY  |  WEDNESDAY, 12 DEC 2018
FIIG Securities has made a series of appointments over 2018 to assist its growth in the institutional fixed income market. FIIG, which has $8 billion in securities under advice, officially announced the appointments of three directors and an associate ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
APRA chair Wayne Byres said the prudential regulator still hasn't locked in how it will enforce the BEAR regime if a bank executive breaches it, five months on from the change. Continuing his testimony on the Royal Commission's final day, Byres told ...

AMP Capital adds to student living portfolio

JAMIE WILLIAMSON  |  TUESDAY, 27 NOV 2018
AMP Capital entered a long-term agreement to manage the first student accommodation facilities to be offered at the University of Melbourne. The investment manager, via the AMP Capital Diversified Infrastructure Trust, will manage the refurbishment ...

RBA calls for more innovation

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
RBA started to support immediate payments for Aussies around the clock, this year. RBA's head of payments settlements department Greg Johnston spoke at SIBOS about what the central bank would like to see in payments next. In February, RBA launched ...

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
Challenger banks :86400, volt and xinja mount plans to disrupt the banking oligopoly in Australia. Speaking at the SIBOS Conference held in Sydney this week, senior heads at the three challenger banks spoke about how changing customer needs, fintech ...

Qualitas seizes non-bank financing opportunities

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
Amid the major banks lowering their lending participation rates, Qualitas sees a boom in the private debt real estate segment over the medium term. Speaking at a media briefing on Monday, Qualitas group managing director Andrew Schwartz said private ...

APRA readies ADIs for BEAR

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
... implementing the regime for the larger banks from 1 July 2018. The information paper notes one key element of the BEAR involves an ADI identifying its own individual accountable persons, who must then be registered with APRA. "The ADI must provide APRA ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...