Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 1643 results for "Authority"

Large AFSLs lead advice complaints: AFCA

KARREN VERGARA  |  THURSDAY, 22 JUN 2023
Financial advisers from large aligned AFSL groups bear the brunt of complaints, according to the Australian Financial Complaints Authority's data, with several AMP and Insignia Financial practices leading the pack. Modelling of the AFCA data shows ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
... which can only be understood by taking a system-wide perspective," it said. Working closely with the Financial Conduct Authority (FCA) and the Pensions Regulator, the BoE will bring together data and information from various parts of the financial system ...

Decade-long Santos well leak prompts investor concern

ROSE MARY PETRASS  |  FRIDAY, 16 JUN 2023
... abandonment report. The regulator is only responsible for operational and temporarily abandoned wells and has no regulatory authority to monitor wells abandoned prior to its establishment in 2012. Jeff Waters, campaigner at Friends of the Earth, said ...

FRAA releases draft APRA, ASIC metrics

KARREN VERGARA  |  FRIDAY, 16 JUN 2023
... it will use to measure the regulators against and is asking for industry feedback. The Financial Regulator Assessment Authority (FRAA) has released the Draft Financial System and Regulator Metrics Framework, which are now open to industry consultation. ...

SWFs double in size, eye alternatives

JAMIE WILLIAMSON  |  THURSDAY, 15 JUN 2023
... with their alternatives investments, with some building large, dedicated in-house teams, like the Abu Dhabi Investment Authority. They are also embracing technology to lower costs and prevent losses. For example, some SWFs are using AI in their forensic ...

Greg Combet steps down as IFM Investors, ISA chair

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... with my own values in representing working people." In May, the government said it would legislate a national Net Zero Authority that would spearhead Australia's transition to net zero emissions. The Authority will collaborate with state, territory ...

King's birthday honours for industry executives

CHLOE WALKER  |  TUESDAY, 13 JUN 2023
... several receiving an Order of Australia. This year, former Macquarie managing director and Financial Regulator Assessment Authority chair Nicholas Moore was appointed an officer of the order of Australia (AO). Moore has served as the federal government's ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... crisis-stricken Credit Suisse for US$3.2 billion, with support from Swiss National Bank and the Swiss Financial Market Supervisory Authority (FINMA). FINMA approved the merger because Credit Suisse was experiencing a crisis of confidence, which manifested ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... fine for issuing false and inaccurate account statements to 8.5 million US customers. The Financial Industry Regulatory Authority (FINRA) found that the fund manager overstated the yield and projected annual income for nine of its money market funds ...

Martin Fahy to step down as ASFA chief

CASSANDRA BALDINI  |  FRIDAY, 26 MAY 2023
... tenure." Dransfield is currently a non-executive director of Hollard Insurance and the Australian Financial Complaints Authority (AFCA). He has been both a board member and chair of the Insurance Council of Australia and the Insurance Council of New ...