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Showing 61 - 70 of 160 results for "ADI"

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... institutions (ADIs) to be considered non-confidential, and as such, publishable. Currently APRA publishes less than 1% of ADI data. APRA executive director for cross-industry insights and data Sean Carmody said the proposal aligns with the watchdog's ...

AustralianSuper eyes $1.48bn in Indian infrastructure

KANIKA SOOD  |  WEDNESDAY, 7 AUG 2019
Australia's largest superannuation fund has signed an agreement with the Indian sovereign wealth fund to invest up to US $1 billion in infrastructure opportunities and is taking a shareholding in the fund manager. AustralianSuper made an initial ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... insurance and superannuation. In terms or responsibilities, the chair should take on a broader organisation-wide role and ditch ADI-specific duties. The remaining members should work across industry, policy and functional responsibilities. Further, the ...

NZ Super Fund invests in hotels

KANIKA SOOD  |  MONDAY, 15 JUL 2019
The $40 billion New Zealand Super Fund is investing $287 million in the country's hotels, starting with three properties in Auckland and Christchurch. The portfolio was established by Russell Group and Lockwood Property Group. It includes Four Points ...

Investec scores ADI licence

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... from July 1. Investec Bank plc, which is owned by London Stock Exchange-listed Investec plc, is now operating as a foreign ADI. BNP Paribas, Societe Generale, UBS AG, Credit Suisse AG and Royal Bank of Canada are some examples of foreign banks that operate ...

ASIC product intervention to commence

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
ASIC has initiated consultation on new powers allowing it to intervene where it feels financial products have caused or are likely to cause consumer detriment. Under new product intervention powers, ASIC will be able to take action against financial ...

Cashwerkz, Praemium ink deal

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... investment facilities and rollover capabilities which is ideal for wealth managers. There truly is nothing like the breadth of ADI partners Cashwerkz has created in the market today," Ortiz said. Advisers using Praemium need to register directly with ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
The numerous weaknesses exposed in APRA's prudential inquiry into the Commonwealth Bank are apparent among life insurers and superannuation funds. The prudential regulator wrote to 36 insurers, super funds and ADIs last June off the back of its ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
UBS has materially reduced downside risk for housing as last Saturday's elections lay to rest Labor's negative gearing plans and separately, APRA is easing its stance on mortgage lending. "The main implication of the election is the absence of expected ...

Fintech no real threat: Researcher

ELIZABETH MCARTHUR  |  TUESDAY, 21 MAY 2019
... small businesses have also become a key focus for fintechs, while it is not for the big banks. Judo Bank, which was granted an ADI just last month, is focussed on lending to the small and medium sized business market. Small business lending can be risky ...