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Showing 821 - 830 of 1829 results for "Monitor"

ASIC issues warning over Dover advisers

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JUN 2018
Advice licensees considering onboarding ex-Dover Financial Advisers' authorised representatives have been warned to ramp up due diligence processes by the corporate regulator. As the fallout from Dover's shock closure continues, ASIC has reinforced ...

AFA criticises draft FASEA standard

KARREN VERGARA  |  FRIDAY, 8 JUN 2018
... and not only the letter - of all relevant laws and regulations, the AFA highlighted instance where this is difficult to monitor. While it supports this standard in principle, the practical reality, it said, is the advice industry has evolved in recent ...

CBA settles with AUSTRAC for $700m

JAMIE WILLIAMSON  |  MONDAY, 4 JUN 2018
Commonwealth Bank will pay $700 million to resolve civil proceedings brought against it by AUSTRAC for contravening anti-money laundering and counter-terrorism laws - almost double what it anticipated. CBA has announced it reached an agreement with ...

Liquidnet and OTAS ramp up AI play

DARREN SNYDER  |  THURSDAY, 31 MAY 2018
Liquidnet's acquisition of equity analytics firm OTAS Technologies is beginning to bear fruit for Australian institutional traders and investment offices, particularly following MiFID II implementation. About 12 months into the partnership, the ...

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 ...