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15 June 2023 • By Charbel Kadib • 1 min read

‘Inconsistent’ labour reading builds back-to-back rate hike risks

The latest unemployment figures suggest the Reserve Bank may be poised to accelerate its monetary policy tightening strategy, according to senior ...

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NZ slips into recession as rate hikes take toll

The New Zealand economy has contracted for the second consecutive quarter amid rapid monetary policy tightening from the nation’s central bank

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ASFA, AIST seek greater supervisory levy transparency

AIST and ASFA have both called for more transparency around the Financial Institutions Supervisory Levies. In response to the Treasury consultation ...

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Fed actions hawkish ‘skip’, revises rate projections

The central bank has left the funds rate on hold but now expects further rate hikes over the medium-term. The Federal Open Market Committee (FOMC) ...

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Greg Combet appointed net zero authority chair, announces board resignations

The ISA and IFM chair is set to step down from both organisations as he joins the government’s push to reach net-zero carbon emissions

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Zurich appoints chief claims officer

Zurich Financial Services Australia has appointed a chief claims officer for Australia and New Zealand. The insurer announced that it has appointed ...

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May jobs numbers revealed, exceed expectations

The latest labour market statistics have been published, surprising markets for the second consecutive month. The seasonally adjusted unemployment ...

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OnePath hit with APRA fine, acknowledges failings

The firm has accepted fault for 125 regulatory infringements relating to its management of member contributions. The Australian Prudential ...

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State Street Alpha platform to support ETF ‘life cycle’

The firm has expanded its asset servicing platform as the global ETF market approaches $15 trillion. State Street has expanded the capabilities of ...

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Regulators reviewing crisis management framework

Australia’s regulatory institutions are assessing the financial system’s preparedness for a major shock to the banking system amid ongoing stability ...

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