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Showing 851 - 860 of 4166 results for "Action"

ASIC probes super fund, investment manager greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 4 NOV 2022
... relation to their claimed green credentials," Longo said in a speech at the ASIC Annual Forum. Last week, ASIC took its first action for greenwashing against ASX-listed energy company Tlou Energy. Tlou paid a total of $53,280 to comply with four infringement ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
The prudential regulator has placed additional conditions on Insignia Financial's RSE licence over governance and risk management issues, including delaying the transfer member benefits to other funds. The additional conditions apply to IOOF Investment ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

Investment teams hire two men for every woman: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2022
... the benefits that diverse teams can bring, there sadly remains little evidence to suggest this is translating into hard action," Redington vice president Sarah Miller said. "We would urge managers to contend with the lack of diversity within their teams ...

Interest rates will jump to slay "the evil of inflation": Lowe

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
At the Reserve Bank of Australia (RBA) board dinner, governor Phillip Lowe expressed that interest rates will need to go higher to bring inflation back to target. After a seventh straight rate rise, whereby the bank lifted the interest rate to 2.85% ...

APRA reinforces capital call expectations

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2022
... only exceptions would be where APRA is satisfied as to the economic and prudential rationale of the call and that such an action will not create an expectation that other instruments will be called in similar circumstances. To meet these expectations ...

CPI poses awkward optics for RBA: Economist

ANDREW MCKEAN  |  MONDAY, 31 OCT 2022
... Australia, as well some homegrown ones, and it was an underappreciation of them that lay behind the serious missteps in RBA action and communication through 2021," Miller said. "Going forward, it will be important to avoid the same 'underappreciation-induced' ...

ASIC takes first action over greenwashing

ANDREW MCKEAN  |  THURSDAY, 27 OCT 2022
ASIC has taken its first action for greenwashing against ASX-listed energy company Tlou Energy. Tlou has paid a total of $53,280 to comply with four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related ...

ANZ told to pay $25m for 20-year failure

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2022
... continued as long as it did because of inadequacies within ANZ's systems, which were compounded by inaction or ineffective action." This matter was the final case brought by ASIC out of the Royal Commission. In total, about $160 million in penalties ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... best time cyclically to address Australia's chronic budget problems. What's missing most in the budget is more action on tackling Australia's growing structural budget deficit gap." "To keep public debt under control, we must either tax more ...