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26 November 2018 • By Eliot Hastie • 1 min read

ASIC should be ‘acting quicker’ on financial institutions

The chairman of the financial services regulator has conceded that it was “far too late”, if not years too late, in taking formal action against ...

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Investors concerned with Mexican government shakeup

International investors are concerned with the direction of Mexico’s government policy and its effect on the market, with little more than a week ...

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Share market sell-off to continue but recession unlikely

AMP Capital chief economist Shane Oliver has given his take on the ASX falling to a two-year low this week. “While global and Australian shares had ...

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‘I know people’: Bank CEO’s rich mates have advisers on ‘retainer’

The head of a major bank has been grilled by the royal commission over his understanding of financial advice in the Australian market. Westpac ...

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OECD ups Aus economic growth projection

The Organisation for Economic Co-operation and Development says the Australian economy has seen robust growth, upgrading its projection of the ...

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Alternative asset management reaches tipping point

Alternative funds are gaining favour with investors due to the increasing challenges for hedge fund managers’ capital raising ambitions

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Drug money ‘a complete surprise’ to CBA

CBA boss Matt Comyn has admitted that the bank was “congratulating” itself on its success, spending “hundreds of millions of dollars” and completely ...

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Balanced scorecard remuneration not appropriate for industry

A study into the remuneration models of the financial sector has found that the popular balanced scorecard system has serious flaws and may not be the ...

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Firms urged to ‘Hayne-proof’ businesses

Financial services are being urged to start making changes to their businesses and to not wait for the final report to be handed down. Automation ...

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CBA stands firm on bonuses

The major bank’s CEO has backed bonus payments to frontline staff despite evidence linking variable remuneration to poor customer outcomes and ...

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