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Showing 81 - 90 of 979 results for "Financial System"

Productivity Commission tasked with five new inquiries

ELIZA BAVIN  |  MONDAY, 16 DEC 2024
... our merger system in almost 50 years, abolishing nearly 500 nuisance tariffs, boosting competition across our financial system, reforming skills and education, establishing a comprehensive review of R&D, reforming the delivery of aged care, modernising ...

Objective of super enshrined in law

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2024
After a decade in the making, an objective of superannuation has been legislated, with the bill passed in parliament yesterday. Now enshrined in legislation following the passage of the Superannuation (Objective) Bill 2023, the objective of superannuation ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... policy tools are aimed at mitigating financial stability risks at a system-wide level to promote a safe and stable financial system. In reaching the decision to keep the settings steady, APRA said it took account of high household indebtedness and a ...

Size of super industry on ASIC's radar

ELIZA BAVIN  |  FRIDAY, 15 NOV 2024
... is valid and correct. She added that ASIC is also concerned around dependencies and co-dependencies within the financial system. "There are different sectors that are growing. It is often quoted that private credit has tripled in growth over a short ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... specifically focus on the connection between banking and superannuation and the potential impacts on the broader financial system. "At the moment, we are engaging with industry and fellow Council of Financial Regulators agencies on the design of the ...

RBA seeks input on CBDC research project

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
... tokenised bank deposits, that could promote a "well-functioning tokenised asset markets and stability in the financial system." The industry is also being asked to register their interest to participate in the experimental research phase of Project Acacia ...

Australia's best-performing super fund says no to crypto

ANDREW MCKEAN  |  FRIDAY, 4 OCT 2024
... interesting, Armitage said. "The opportunity to use that technology to perhaps reduce the friction that sits within the financial system, we do think is very, very interesting. And there are a number of companies, particularly the listed arena predominately ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... banks has increased its importance to financial stability. " The sector has historically posed little risk to the financial system owing to its smaller footprint in funding Australian banks and corporations, limited use of leverage, and steady inflows ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024
... the highest yet for greenwashing conduct. Greenwashing is a serious threat to the integrity of the Australian financial system and remains an enforcement priority for ASIC," she said. "The size of the penalty should send a strong deterrent message to ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... needlessly restrictive and increasingly limits lending only to those that already own at least one home, pursuing financial system stability at the expense of first home buyers," he said. "Ensuring that home ownership remains an attainable goal for Australian ...