Bill Shorten, minister for Financial Services and Superannuation, has named a charter group to conduct consultations on a Charter of Superannuation Adequacy and Sustainability and the establishment of a Council of Superannuation Custodians. more
In a case of no news being good news, the superannuation industry saw no major, unexpected changes to the structure or policy of superannuation in the 2013-14 budget presented by Treasurer Wayne Swan earlier this week. more
Authorised deposit-taking institutions (ADIs), general insurers and life insurers will be required to establish an independent chief risk officer (CRO) and a board risk committee under proposed cross-industry prudential standards proposed by the Australian Prudential Regulation Authority (APRA). more
The Australian Institute of Superannuation Trustees (AIST) has restructured its policy department, naming David Haynes as executive manager for policy and research. It also has hired Karen Volpato as senior policy adviser. more
Westpac has chosen BNY Mellon as the successor depositary bank for its American depositary receipt (ADR) programme. more
Challenger has expanded its license with SimCorp Dimension with an integrated platform for front- and back-office functionalities. more
Industry superannuation fund HOSTPLUS has selected Citi as its new global custodian, ending a 14-year relationship with J.P. Morgan. more
IQ Group has augmented its consulting team with its expansion into Queensland. more
Gerard Parlevliet, CIO of Commonwealth Bank Group Super, and Graeme Arnott, COO of First State Super, were named the winners of the second-annual National Achievement Awards, organised by fund manager La Trobe Financial. more
Gresham Computing, a provider of transaction control solutions, has reported year-on-year growth in Australia of 25%, while announcing it has moved to a new regional headquarters in Sydney and to a new office in Melbourne. more
Exchange-traded Australian government bonds (AGBs) will be traded on the Australian Securities Exchange (ASX) as of May 21, ASX has announced. more
The Australian Prudential Regulation Authority (APRA) will proceed with plans to introduce the Basel III liquidity coverage ratio (LCR) from January 2015 despite the Basel Committee having issued a revised timetable. more
With Australian firms preparing for the impact of the U.S. Dodd-Frank Act and the European Markets Infrastructure Regulation (EMIR), Northern Trust is consulting with clients about regulations and service offerings, including exploring developing a collateral transformation service. more
Will T2S be delayed (yet again) beyond the June 2015 target implementation date?
When President George W. Bush signed the Emergency Economic Stabilization Act of 2008 (H.R. 1424)...
CURRENT ISSUEWinter Plus/Spring 2013