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Showing 1 - 10 of 877 results for "Financial System"

Adam Blumenthal ordered to pay $850k

ELIZA BAVIN  |  THURSDAY, 18 APR 2024
... of interest, and that serious consequences are imposed for contraventions to help maintain confidence in the financial system," Longo said. The court also ordered Blumenthal to pay $100,000 towards ASIC's costs of the proceeding.

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... growth continues with limited oversight, existing vulnerabilities could become a systemic risk for the broader financial system." The IMF said companies that tap the private credit market tend to be smaller and carry more debt compared to their counterparts ...

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... financial stability remain. The Assessment said there is a possibility that these risks may affect the Australian financial system which would add to the financial pressures experienced by domestic borrowers, and if this strains the balance sheets of ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... services, such as how they handle death benefits claims," Longo said. "We will continue to work to ensure the financial system works for all Australians." At the same time, the National Anti-Scam Centre has issued a warning to consumers about the prevalence ...

Bragg calls for another Financial System Inquiry, critiques ASIC, APRA

ANDREW MCKEAN  |  FRIDAY, 23 FEB 2024
Senator Andrew Bragg has called for another Financial System Inquiry (FSI) to address "structural problems" in the twin peaks of financial sector regulation, ASIC and APRA. In his speech to the Financial Services Council (FSC), Bragg argued that "clear ...

Madigan Capital appoints head of investment capital

ANDREW MCKEAN  |  MONDAY, 19 FEB 2024
... Despite the Reserve Bank of Australia reporting non-bank lending constitutes a minor portion of the Australian financial system - approximately 5% of total assets - the sector has experienced rapid growth since 2015. Madigan anticipates this trend to ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
... trend toward network interconnectedness and the creation of monocultures poses classic systematic risks to the financial system, he added. Gensler also highlighted concerns over 'AI washing,' urging companies to critically assess the relevance of their ...

Unlisted asset valuation practices under review

JAMIE WILLIAMSON  |  THURSDAY, 1 FEB 2024
... focused on "protecting the safety and resilience of regulated entities, promoting confidence and stability in the financial system, and supporting the community to achieve good financial outcomes." As part of this, APRA pinpointed asset valuation and ...

Government proposes framework for clearing and settlement services regulation

ANDREW MCKEAN  |  WEDNESDAY, 17 JAN 2024
... designed to consider the impact of these regulations on the Australian economy, the integrity and stability of the financial system, and the competitive landscape of CS services. It mandates that the minister must consult and consider advice from financial ...

Treasury releases climate disclosure draft legislation

RACHEL ALEMBAKIS  |  TUESDAY, 16 JAN 2024
... investors and companies make more informed investment decisions and lay the foundation for a stronger, more robust financial system," Treasurer Jim Chalmers said. "The government is taking a balanced approach with these changes following extensive consultation ...
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