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16 May 2019 • By Eliot Hastie • 1 min read

ASIC warns industry of funding obligations

ASIC has sent out a warning to Australian financial services and credit licensees to factor in application times when applying for licences

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Fund managers slammed for paying ratings agencies and platforms

A damning new report recommending extensive reform in the financial sector has taken aim at fund managers that pay a sponsorship fee to have their ...

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CBA boss struggling with scandals, defends retail channel

The significant challenges weighing on Australia’s biggest bank are likely to continue for the next 12 to 18 months, according to a leading market ...

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Blue Sky cancels Wilson bid for control

Blue Sky Alternative Investments has withdrawn from negotiations for Wilson Asset Management to take over management of its ASX-listed Alternatives ...

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CBA remediation bill rises by $700m

In its trading update for the March quarter of 2019, CBA confirmed an additional $714 million in customer remediation provisions taken in the quarter

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Consumer financial literacy low as sector trust sinks

The majority of consumers have poor understanding of basic financial concepts but are overconfident in their ability to handle their money, as trust ...

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Green bond issuance up by 40%

Issuers brought $47.2 billion of green bonds to the global market in the first quarter, a 40 per cent increase year-on-year, according to a new ...

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Blue Sky breaches $47.7m loan

Blue Sky Alternative Investments has admitted to the market that it breached a condition of its seven-year $47.7 million loan facility with US-based ...

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Labor policy to deliver larger budget surpluses than Liberals

Labor has released the costings of its policy plan and has said it would bring a bigger budget surplus over forward estimates than the current ...

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SMSFs warned of industry fund rollovers

By the end of October APRA-regulated funds will be required to start reporting and transferring inactive low-balance accounts while SMSF trustees have ...

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