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Showing 1 - 10 of 117 results for %22Financial Stability Board%22

Perpetual profit, operating revenue lifts

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... representing a payout ratio of 75% of UPAT. Perpetual chief executive and managing director Rob Adams said the wealth manager's financial performance in the first half benefited from the growth of its asset management business and the robustness of its ...

AI poses potential challenge to financial stability: Gensler

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Artificial intelligence could threaten financial stability, forcing novel macro-prudential strategies, according to US Securities and Exchange Commission (SEC) chair Gary Gensler. In a speech at Yale Law School, Gensler described AI as having "tremendous ...

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
... serves as the executive director for markets, overseeing all aspects of the design and execution of balance sheet and financial market operations. Additionally, he manages the UK's official foreign exchange reserves and coordinates market intelligence ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
... a Monetary Policy Board and a separate Governance Board, while also clarifying the RBA's obligation to contribute to financial system stability. Chalmers commented that the proposed legislation reflects the government's objective of maintaining a "world ...

Magellan downplays collapse, open to takeover

KARREN VERGARA  |  WEDNESDAY, 8 NOV 2023
The newly appointed executive chair of Magellan Financial Group played down the risk of the company collapsing and admitted that the fund manager is an attractive takeover target as he faced tough questions at today's annual general meeting. Andrew ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... people. "And I will leave the RBA after 43 years proud of our contribution to the stability of both our economy and financial system," he said.

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... their loved ones," he said. "Unfortunately, the retail advised channel has seen a substantial reduction in the number of financial advisers providing risk advice over the last five years. The number of lives insured across all channels has substantially ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... June 2018, impacted AMP shareholders due to a violent drop in share price following allegations of misconduct by the Financial Services Royal Commission. Most of the $110 million settlement will come from AMP's available insurance proceeds. However ...

Lowe hands down RBA board shake up

CASSANDRA BALDINI  |  THURSDAY, 13 JUL 2023
... Further, the board will oversee the RBA's research agenda as it relates to monetary policy and aspects of financial stability and will work with Treasury to undertake five-yearly open and transparent reviews of the monetary policy framework. Lowe ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... UBS has completed its acquisition of Credit Suisse, marking the end of the largest banking deal since the 2008 Global Financial Crisis. UBS acquired the crisis-stricken Credit Suisse for US$3.2 billion, with support from Swiss National Bank and the Swiss ...
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