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| | | ... definitions for green and transition finance, enhancing consistency," McMahon said. Regulators globally have their sights set on AI and digital technology regulation, the report found, though the rules and pace of change varied greatly between jurisdictions ... |
| | | | GQG Partners was hit with a US$500,000 fine by the US Securities and Exchange Commission (SEC) for violating whistleblower protection laws via the use of non-disclosure agreements (NDAs). The watchdog found NDAs the fund manager entered with 12 potential ... |
| | | | Three Pitcher Partners executives have set off to launch Viola Private Wealth, an ultra-high-net-worth financial advice firm spearheaded by Charlie Viola. Viola, together with founding partners Sean Ward and Andrew Levi, bought out operational aspects ... |
| | | | Significant growth of the superannuation sector has set off alarm bells for the Reserve Bank of Australia (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its ... |
| | | | Household wealth rose for the seventh consecutive quarter - rising 1.5% or $250 billion - in June 2024, according to data from the Australian Bureau of Statistics (ABS). Total household wealth was $16.5 trillion in the June quarter, which was 9.3% ($1.4 ... |
| | | | ... sacrifice arrangements will be advice that assists an individual in managing their tax affairs. If all the other requirements set out in section 25-5 are satisfied, the fees for the advice provided by the financial adviser will be deductible," the guidance ... |
| | | | ... with a combined 74.25% holding. The group has agreed to sell its stake to KKR and Skip Essential Infrastructure Fund, a fund set up by Skip Capital and overseen by Farquhar's wife, Skip Capital chief executive Kim Jackson. The remaining 24.62% of the ... |
| | | | ... still focused on its high inflation challenge. The statement intentionally pointed out that although headline inflation is set to come down in the coming period, the RBA will remain focused on the underlying measures of inflation," Bloxham said. "This ... |
| | | | ASIC imposed a record $5 million fine on Macquarie Bank for its failure to curb suspicious order transactions on electricity futures. ASIC's Markets Disciplinary Panel (MDP) found Macquarie breached market integrity rules on 50 occasions between January ... |
| | | | ... University in the US has found the practice doesn't work as well as initially thought. Yale University professor James Choi's first set of research into nudging was around two decades ago and found automatic enrollment and auto-escalation of savings ... |
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