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

Search Results

Showing 821 - 830 of 4771 results for "Reserve"

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... its risk of money laundering in its Baltic operations. CitiGroup was served a cease and desist order from the US Federal Reserve for falling short of risk management and internal controls. The order requires CitiGroup to correct practices and the bank ...

Chief economist update: Get shorty

BENJAMIN ONG  |  TUESDAY, 13 OCT 2020
The People's Bank of China (PBOC) cut the foreign exchange risk reserve ratio for forward contracts to 0% from 20% over the weekend, effectively giving its blessing to currency traders to "get shorty". The PBOC imposed the 20% risk reserve ratio ...

Chief economist update: Budget me this Batman

BENJAMIN ONG  |  MONDAY, 12 OCT 2020
... conditions also improved but only to zero from minus six in August. The government's response has also allowed the Reserve Bank of Australia (RBA) to conserve its almost depleted ammunition. The RBA kept domestic monetary policy unchanged at the ...

Netwealth sees rise in inflows

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... also reported that it has a cash transaction account balance of around 9.1% of FUA to allow for ample liquidity. "If the Reserve Bank announces a further interest rate reduction, Netwealth will absorb this reduction and this will adversely impact out ...

Chief economist update: Splish splash, budget cash

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2020
... debt-to-GDP ratio of 107%; Japan, 237%; the Eurozone, 84.1%; the UK, 80.7%; Canada, 89.7%; China 50.5%. And then there's the Reserve Bank of Australia (RBA) which still has relatively more firepower than many of its counterparts and is "committed ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
ASIC and the Reserve Bank of Australia have outlined their expectations for the replacement of ASX's clearing and settlement system CHESS, as it shifts towards more contemporary and flexible software. The importance of replacing the system in a timely ...

Tax concessions, infrastructure in focus for budget

ELIZA BAVIN  |  FRIDAY, 2 OCT 2020
... adjustments down the track, implying that the budget will be more fluid than in previous years. "Treasury's task, and the Reserve Bank's task for that matter, the OECD and others, their task is very, very difficult. And so that's what we ...

Chief economist update: Australia's third arrow

BENJAMIN ONG  |  WEDNESDAY, 30 SEP 2020
... Virginia, we, Australians all, are one in anticipating Christmas to come on October 6 this year - the day when most expect the Reserve Bank of Australia (RBA) and Treasury to be handing out good tidings. October 6 is RBA meeting day, the day financial ...

Chief economist update: Rents under covid

BENJAMIN ONG  |  MONDAY, 28 SEP 2020
... aren't all rejoicing. Yes Virginia, we're all aware this is happening in this land "girt by sea" under pandemic but the Reserve Bank of Australia (RBA) has actually put facts and figures behind this in its September 2020 bulletin titled, The ...

S&P launches sustainable versions of flagship indices

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
S&P Dow Jones Indices (S&P DJI) has launched sustainability screened versions of its core US equity indices. The new series includes the S&P 500 Sustainability Screened Index, the S&P MidCap 400 Sustainability Screened Index, and the S&P SmallCap 600 ...