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AMP chair faces shareholder ire

KARREN VERGARA  |  FRIDAY, 30 APR 2021
... changes and why they are the last to know about significant announcements. Shareholders expressed their exasperation with the "daily soap opera of scandals" of executive and board changes, rock-bottom share price performance and unjustifiable remuneration ...

Iress partners with regtech for DDO

ANNABELLE DICKSON  |  FRIDAY, 23 APR 2021
... risk and governance protocols which is why our solution is purpose built to help financial services businesses manage the new TMD obligations," Objective chief executive Tony Walls said. As previously announced, Iress' DDO solution has three key ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
... target. Taking to Facebook, Morrison announced on April 10 that: "The government has also not set, nor has any plans to set any new targets for completing first doses. While we would like to see these doses completed before the end of the year, it is ...

Chief economist update: No fear

BENJAMIN ONG  |  MONDAY, 12 APR 2021
... countries reimposed restrictions). Similarly, after dropping below 400k in February (from 845K in January), the number of daily new cases have been rising since, and to-date have reached 787,000. Yet equity markets continue to rally, some to record highs ...

Chief economist update: Fourth wave threatens Olympics, growth outlook

BENJAMIN ONG  |  THURSDAY, 8 APR 2021
... around 1000 per day in early March from peak of more than 6000 daily infections in January, the seven-day average of daily new cases have increased to around 2500 in early April. Will Japan declare a third state of emergency to contain the brewing fourth ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... most citizens and extends unemployment support, among others. This is expected to be topped up with another US$4 trillion in new infrastructure spending. As the saying goes, "something worth doing is worth overdoing". Jogging Joe is certainly pulling ...

Morningstar releases DDO solution

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
With the October 2021 deadline for ASIC's new product design and distribution obligations fast approaching, Morningstar has released a new solution. "The most meaningful way to keep regulatory compliance costs low for industry participants and consumers ...

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
... APRA deputy chair Helen Rowell on why members' money is being used to fund media outlets such as the ABC and The New Daily and pass the sole purpose test. "How much money have they paid ABC in the last five years? How are you not worried that they ...

Insider trading four times more common

ELIZABETH MCARTHUR  |  TUESDAY, 23 MAR 2021
New research estimates that the actual prevalence of illegal insider trading is much higher than regulators think, at least four times greater than the number of prosecutions. The research was conducted by Vinay Patel and Talis Putnins from the University ...

Chief economist update: BOE not letting its guard down

BENJAMIN ONG  |  TUESDAY, 23 MAR 2021
... time of that forecast, developments in global GDP growth have been a little stronger than anticipated, and the substantial new US fiscal stimulus package should provide significant additional support to the outlook," it said. "The rates of COVID infections ...