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Showing 71 - 80 of 148 results for "ADI"

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... the instance reward structures potentially conflict with customers' interests, authorised deposit taking institutions (ADI) should appoint a Principal Integrity Officer (PIO) to minimise risks of negative customer outcomes. One function is to report ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... about 280 employees holding senior roles at 12 regulated institutions. The sample set included the largest names across the ADI, life insurance, general insurance and superannuation industries. It was extensively detailed, collecting remuneration information ...

ING appoints head of wealth from Suncorp

ALEX BURKE  |  TUESDAY, 20 MAR 2018
... regulatory capital requirements for credit and market risk. APRA noted: "ING is the first authorised deposit-taking institution (ADI) to be accredited since APRA revised the accreditation process in 2015." "Consistent with suggestions from the 2014 Financial ...

Government passes BEAR reform

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2018
... system." Large authorised deposit-taking institutions will need to be BEAR compliant by 1 July 2018, though small and medium ADI's have been afforded an additional 12 months to comply given their smaller operating costs. Responding, the Customer Owned ...

SSGA dismisses ETF bubble concerns

ALEX BURKE  |  WEDNESDAY, 22 NOV 2017
... regulatory restrictions on these products, including that derivative counterparties hold Australian deposit-taking institution (ADI) licences, or their offshore equivalents. Regulations differ across international jurisdictions. While LaValle said SPDR ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
... Morrison added the Government is aiming to loosen the prohibitions around the use of the word 'bank', so all institutions with an ADI licence will be able to use this term; currently only ADIs with more than $50 million in capital can call themselves ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... BEAR draft bill. Morrison flagged stricter accountability obligations for banking and authorised deposit taking institutions (ADI) in this year's Budget. A chief executive from a large bank could have 40% of total remuneration deferred (or 60% of variable ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

UK regtech expands Australian footprint

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
The overhaul of regulatory reporting requirements by the Australian Prudential Regulation Authority is behind a global regtech provider's decision to expand its Australasian operations. Having already established an Australian presence, London-based ...

APRA sets new capital target for the big four

ALEX BURKE  |  WEDNESDAY, 19 JUL 2017
... below 30%. It also follows pressure on banks' valuations post-Budget when the Government introduced a levy of 0.015% of an ADI's licensed entity liabilities as at each APRA mandated quarterly reporting date - a move the big four unilaterally slammed. ...