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Showing 61 - 70 of 263 results for "Financial stability"

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... sector, and oftentimes puts it in the "back seat" next to the banking and insurance, given that it does not pose financial stability issues. The panel said it was not enough that APRA has increasingly focused on member outcomes in the last few years ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... costs had to be balanced against the potential risks in terms of asset misallocation and asset mispricing and financial stability risks as we move forward." But if you think that's the end of RBA rate cuts, Lowe's statement promised that: "The ...

Beware tech firms in financial services

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... of a new financial services subsidiary for the company called Calibra. Risks identified by the BIS include financial stability and consumer protection in an area that may be innovating faster than regulators can keep up as well as the well-known issue ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
... only exacerbate the single currency region's weakening growth fundamentals. Perhaps, worse. The ECB's Financial Stability Review (FSR) report released this month warned "weaker than expected growth and a possible escalation of trade tensions ...

Chief economist update: The power of one

BENJAMIN ONG  |  TUESDAY, 28 MAY 2019
... the December 2018 quarter) was running at a record high 189.6% of disposable income - ultimately, lifting financial stability risks.

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... path for policy, insofar as it implied lower interest rates for longer periods of time, could lead to greater financial stability risks." Take a boat ride across the Atlantic, and you'll find that in spite of the overhanging uncertainty that is Brexit ...

RBA issues stern climate change warning

ELIZABETH MCARTHUR  |  MONDAY, 18 MAR 2019
The Reserve Bank of Australia says the economy faces an "abrupt" blow to financial stability from climate change. In a speech, RBA's deputy governor Guy Debelle said climate change will likely have a permanent effect on the Australian economic landscape. ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... Productivity Commission's final report on superannuation and competition in the Australian financial system, IMF's Financial Stability Assessment of Australia and APRA's own internal enforcement review. "The panel should to the extent relevant take into ...

Former Westpac GM joins APRA review

HARRISON WORLEY  |  WEDNESDAY, 13 FEB 2019
... Spencer. Spencer formerly held senior roles at the International Monetary Fund and was also previously head of financial stability and acting governor at the RBNZ. The two will work with former ACCC chair Graeme Samuel, who the Government announced would ...

New Zealand reviews life insurance commissions

JAMIE WILLIAMSON  |  TUESDAY, 4 DEC 2018
... is concerned about the conduct risk it is creating. According to the Reserve Bank of New Zealand's latest Financial Stability Report, in 2016 New Zealand-based life insurers paid financial advisers commissions of about 20%. This is well above Mexico ...