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Showing 81 - 90 of 162 results for "ADI"

The rise of challenger banks in Australia: SIBOS

MICHELLE BALTAZAR  |  THURSDAY, 25 OCT 2018
Challenger banks :86400, volt and xinja mount plans to disrupt the banking oligopoly in Australia. Speaking at the SIBOS Conference held in Sydney this week, senior heads at the three challenger banks spoke about how changing customer needs, fintech ...

Qualitas seizes non-bank financing opportunities

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
Amid the major banks lowering their lending participation rates, Qualitas sees a boom in the private debt real estate segment over the medium term. Speaking at a media briefing on Monday, Qualitas group managing director Andrew Schwartz said private ...

APRA readies ADIs for BEAR

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
... implementing the regime for the larger banks from 1 July 2018. The information paper notes one key element of the BEAR involves an ADI identifying its own individual accountable persons, who must then be registered with APRA. "The ADI must provide APRA ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
While older Australians are largely benefitting from reverse mortgages in the short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to ...

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 ...