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Showing 71 - 80 of 979 results for "Financial System"

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
... the Hayne Royal Commission, intending to "stop practices that lead to poor consumer outcomes and trust in the financial system." Subsequently, the corporate watchdog also introduced similar legislation to financial products in October 2021, opting to ...

ASIC turns up the heat on private markets

KARREN VERGARA  |  WEDNESDAY, 26 FEB 2025
... there may be implications for market integrity, investor outcomes and confident, informed participation in the financial system even at levels of activity that do not pose risks to financial stability," ASIC said. ASIC also warned that while the asset ...

ASIC clearing and settlements powers to curb ASX monopoly

KARREN VERGARA  |  TUESDAY, 25 FEB 2025
... entities unaffiliated with the ASX. "This is a key step in ensuring Australians have a fair, strong and efficient financial system. More broadly, ASIC is actively looking at the regulatory settings for our markets and will release a discussion paper ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... he warned, would create the perception that it underwrites investment losses, introducing "moral hazard to our financial system." Economic opportunities Briggs said the arguably most obvious, yet most pressing area of deregulation - one which promises ...

Super failures, greenwashing: ASIC's key issues in 2025

ELIZA BAVIN  |  TUESDAY, 28 JAN 2025
... intelligence, data and cyber risk, are all key factors influencing the way ASIC views the issues facing Australia's financial system," it said. ASIC said it was focused on the changing dynamic between public and private markets, and superannuation members ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... sector stakeholders," Chalmers said. "This release marks an important step forward as we continue to build a financial system that is stronger and more resilient, dynamic, competitive, and fit for the future." ASFA chief executive Mary Delahunty welcomed ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... cryptocurrencies." "The opportunity to use that technology [blockchain] to perhaps reduce friction that sits within the financial system is very interesting, and there are a number of companies, particularly in the listed arena, predominately in the ...

Trustee valuation processes 'concerning': APRA review

JAMIE WILLIAMSON  |  TUESDAY, 17 DEC 2024
... for transaction costs, operational demands, and liquidity sources from the actions of peers or elsewhere in the financial system, APRA said.

Chalmers unveils new-look RBA boards

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... and deputy chair of the Australian Banking Association. "She will bring a deep understanding of Australia's financial system and an important regional perspective to considerations on monetary policy. Ms Baker has been appointed for a five-year term," ...