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

Search Results

Showing 61 - 70 of 539 results for "Supervision"

APRA prioritises supervision of trustee spending

JAMIE WILLIAMSON  |  TUESDAY, 22 OCT 2024
... practices among funds. APRA deputy chair Margaret Cole has informed all RSE licensees that it will be intensifying its supervision of their expenditure as it looks to curb spending that is not in the best financial interests of members. The regulator ...

ASIC makes key appointments to executive team

ELIZA BAVIN  |  THURSDAY, 17 OCT 2024
... international search, ASIC chair Joe Longo announced the appointment of Peter Soros as executive director regulation and supervision, and Chris Savundra to the role of executive director enforcement and compliance. Soros will join ASIC from the Australian ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... "Clime has made significant strides in reducing executive overhead, strengthening the investment team, and enhancing supervision with the appointment of external specialists." "These efforts have resulted in substantial cost reductions in insurance premiums ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... The RBA said for these reasons, the Australian Prudential Regulation Authority is stepping up the intensity of its supervision of superannuation funds. Australia's super sector is worth $3.9 trillion, having doubled in the past decade, with the two biggest ...

FSU campaigns against workplace surveillance

JAMIE WILLIAMSON  |  FRIDAY, 30 AUG 2024
... and to ensure that such data cannot be used in disciplinary or performance management processes," the FSU said. Only supervision that is required for regulatory reasons would be permissible. It said its members are deeply concerned about the growing ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... banks, insurers and superannuation trustees are prepared for whatever potential challenges could arise," he said. "In supervision, we will retain a close watch on risk culture and risk management, with climate change and crisis preparedness to be areas ...

Regulators given new powers to protect financial markets in crises

ANDREW MCKEAN  |  FRIDAY, 23 AUG 2024
... treasurer of the day and the minster for finance," he said. The bill also grants ASIC and the RBA greater licencing and supervision powers to strengthen clearing and settlement facility standards, equipping them with the tools to take decisive action ...

AET boosts Equity Trustees' FY24 performance

KARREN VERGARA  |  FRIDAY, 23 AUG 2024
... EQT's statutory net profit after tax was up 10% to $20.7 million. Funds under management, administration, advice, and supervision grew 27% year on year to $202.8 billion. "The outlook for FY25 benefits from the scaling down of one-off costs related ...

AMP Super trustee has additional licence conditions removed

ANDREW MCKEAN  |  FRIDAY, 2 AUG 2024
... regarding its compliance. APRA previously said the action arose from issues identified during its ongoing prudential supervision of AMP Super, along with matters that emerged during the Royal Commission into Misconduct in the Banking, Superannuation ...

ASIC bans 'incompetent' financial services directors

ANDREW MCKEAN  |  FRIDAY, 19 JUL 2024
... Zakhaim and Anderson were responsible for ensuring XTrade complied with financial services laws and monitoring the supervision of its representatives. However, ASIC found that they failed to manage conflicts of interests, which led to aggressive sales ...