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Showing 791 - 800 of 1795 results for "Monitor"

APRA tells super funds to improve conflict of interest management

HARRISON WORLEY  |  WEDNESDAY, 30 MAY 2018
... pointing out that contracts should contain clear and measurable performance indicators, which the RSE licensee should monitor regularly. Additionally, the regulator wants to see licensees consider and document how the use of related parties is in the ...

Westpac off the hook in BBSW scandal

KANIKA SOOD  |  FRIDAY, 25 MAY 2018
The Federal Court ruled Westpac's conduct in handling bank bill swap rates was "unconscionable" on four of the 16 occasions that ASIC alleged the bank manipulated the BBSW. While ASIC failed to prove Westpac traders had manipulated the BBSW, the bank ...

Australian asset owners support first stewardship code

DARREN SNYDER  |  THURSDAY, 17 MAY 2018
... Engage with companies either directly, indirectly (for example, via collective action or third-party providers) or both. Monitor asset managers' stewardship activities. Encourage better alignment of the operation of the financial system and regulatory ...

Saxo Capital Markets hires Aussie markets strategist

HARRISON WORLEY  |  THURSDAY, 17 MAY 2018
The trading and investment platform has created a new role to provide trading ideas and insights of Australian markets to Saxo's global sales trading team. Eleanor Creagh has been appointed to the Sydney based role, reporting to Saxo's group chief economist ...

ASIC consults on advice code monitoring bodies

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
ASIC released its consultation paper detailing proposals for approving and supervising compliance schemes for the incoming code of ethics that all financial advisers must adhere to. Under the professional standards legislation, the code of ethics developed ...

Adviser disciplinary regime has holes: AFA

JAMIE WILLIAMSON  |  MONDAY, 14 MAY 2018
... significant regulatory and structural reform." Despite being of the belief it is possible to have more than one body to monitor advisers' compliance with the pending Code of Ethics, the AFA acknowledged that arguments exist for the establishment of a ...

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
Commonwealth Bank will fork out $25 million to settle its bank bill swap rate rigging scandal, adding to the bank's pile of settlement payouts. CBA will acknowledge it "attempted to engage in unconscionable conduct in breach of the ASIC Act" while trading ...

Insto investment committees step away from status quo

DARREN SNYDER  |  TUESDAY, 8 MAY 2018
QSuper and TCorp believe sequential investment models at large asset owners are past their used-by date and investment committees must be delegating day-to-day investment decisions. The two institutional investors use what is known as the total portfolio ...

Federal government responds to white collar crime Senate inquiry

KANIKA SOOD  |  MONDAY, 7 MAY 2018
The Federal Government has agreed to strengthen some of ASIC's powers but has deferred acting on recommendations to tighten self-reporting and industry codes as it waits for the dust to settle on Royal Commission findings. In its response to the Senate ...

Industry wants one-stop-shop professional body: Poll

KARREN VERGARA  |  MONDAY, 7 MAY 2018
The financial services industry is voting in favour of one overarching professional body to oversee standards and codes of conduct, Financial Standard' latest spot poll shows. We asked readers to respond to the statement: Does the financial services ...