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Showing 9091 - 9100 of 21783 results for "Dec"

ASIC grilled over negotiating with banks

ALEX BURKE  |  FRIDAY, 27 APR 2018
The Royal Commission today questioned ASIC over its practice of heavily negotiating enforceable undertaking outcomes with financial advice licensees. Senior Counsel Assisting Rowena Orr asked ASIC senior executive leader - financial advisers, Louise ...

RBA names new chief information officer

ALEX BURKE  |  FRIDAY, 27 APR 2018
The Reserve Bank of Australia has appointed a new chief information officer. Gayan Benedict has been serving as the RBA's deputy head, technology services since 2013. Before that, he was senior manager, department of information technology. Prior to ...

Dover roasted for 'Orwellian' protection policy

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
The Royal Commission scrutinised Dover Financial Advisers' former client protection policy, demonstrating its essential purpose to be to exonerate the licensee of any liability in the event of misconduct by authorised representatives. Counsel Assisting ...

Royal Commission invite refused by Dover

JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Dover Financial Advisers was revealed as the only large scale financial advice licensee to decline the Royal Commission's request for assistance in identifying instances of misconduct. Appearing before the Commission yesterday, Dover owner Terry McMaster ...

Chief economist update: Prudence, patience and persistence

BENJAMIN ONG  |  FRIDAY, 27 APR 2018
The European Central Bank's (ECB) 26 April Governing Council meeting produced unchanged monetary policy settings yet again, marking the 26th month of inaction. The eurozone's interest rates haven't changed - repo rate at 0.0%; deposit facility at -0.40% ...

SSGA launches ESG-heavy strategy for Aussie instos

JAMIE WILLIAMSON  |  THURSDAY, 26 APR 2018
State Street Global Advisors is introducing a new low carbon, high ESG international equities fund for Australian institutional investors. Partnering with MSCI, the State Street Low Carbon ESG International Equities Index Trust is the next iteration ...

Norway dominates sovereign wealth funds

KARREN VERGARA  |  THURSDAY, 26 APR 2018
Norway's Government Pension Fund Global (GPFG) remains the world's largest sovereign wealth fund, buoyed by an equities portfolio propelling most of its US$1.06 trillion assets under management. Preqin's latest sovereign wealth fund asset report shows ...

ClearView terminates agreement after takeover bid expires

ALEX BURKE  |  THURSDAY, 26 APR 2018
After the 18-month window for a Japanese life insurer's takeover bid expired, ClearView terminated the co-operation agreement between the two parties. In October 2016, Sony Life agreed with Crescent Capital Partners to acquire a 14.9% stake in Clearview ...

Chief economist update: Inflation remains in the slow lane

BENJAMIN ONG  |  THURSDAY, 26 APR 2018
The financial markets' response to the Australian Bureau of Statistics' Consumer Price Index report was a big "HO-HUM." With the report released a day before ANZAC Day, the response could have been because market players' thoughts were on something ...

ANZ, NAB bottom lines take a hit

KARREN VERGARA  |  TUESDAY, 24 APR 2018
ANZ and NAB painted a bleak profitability outlook for shareholders, flagging massive losses ahead of their 2018 half-year reporting period in early May. ANZ will incur a loss of $632 million from the sale of its life insurance, and pensions and investments ...