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Showing 21 - 30 of 135 results for "Financial System"

More work needed on climate risk response

ROSE MARY PETRASS  |  THURSDAY, 14 NOV 2024  |  NEWS
... Suzanne Smith said climate change and the vulnerabilities it exacerbates "contributes to increased risk in the financial system, that can reduce financial institutions' ability to effectively provide key financial services." "Stakeholder expectations ...

Vanguard to pay $13m in greenwashing case brought by ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 25 SEP 2024  |  NEWS
... the highest yet for greenwashing conduct. Greenwashing is a serious threat to the integrity of the Australian financial system and remains an enforcement priority for ASIC," she said. "The size of the penalty should send a strong deterrent message to ...

Investors worth $42trn target state leaders at COP29

ROSE MARY PETRASS  |  WEDNESDAY, 18 SEP 2024  |  NEWS
... Determined Contributions (NDCs) due to be submitted in 2025, Mandating climate-related disclosures across the financial system Implementation of sectoral strategies, especially in high-emitting sectors, Addressing nature, water and biodiversity-related ...

Systems thinking to drive alpha, tackle systemic threats

ROSE MARY PETRASS  |  FRIDAY, 2 AUG 2024  |  NEWS
... challenges (48%) like inequality, polarisation, and social cohesion erosion. Investors are also worried about financial system robustness, biodiversity loss, cyber-attacks, and AI. "There is a rocky road ahead for asset owners. All investors should prepare ...

Banks to refund millions following ASIC review

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... all Australians, including those on low-incomes or located in regional or remote areas, are critical for our financial system. "Banks need to ensure they have systems and processes in place so customers on low incomes can easily transition to low-fee ...

APRA acts on climate risk watch

ROSE MARY PETRASS  |  FRIDAY, 7 JUN 2024  |  NEWS
... risks, continuing high inflation, elevated mortgage interest rates and cost of living pressures, Australia's financial system remains stable. Lonsdale also announced new initiatives to combat cyber-attacks and safeguard data security. The annual ...

Directors welcome new climate reporting regime

ROSE MARY PETRASS  |  THURSDAY, 28 MAR 2024  |  NEWS
... opportunities as part of the net zero transformation," Treasurer Jim Chalmers said. "These new laws will modernise our financial system, provide greater information and clarity to investors, and incentivise investment in the net zero transformation. ...

Investors "flying blind" to climate litigation risk

ROSE MARY PETRASS  |  MONDAY, 15 JAN 2024  |  NEWS
... risks, including as the International Sustainability Standards Board (ISSB) and The Network for Greening the Financial System (NGFS), fail to substantially differentiate between transition risks and legal risks, and provide "little to no" detail on how ...

Treasury publishes climate disclosure legislation

RACHEL ALEMBAKIS  |  MONDAY, 15 JAN 2024  |  NEWS
... investors and companies make more informed investment decisions and lay the foundation for a stronger, more robust financial system," Treasurer Jim Chalmers said. "The government is taking a balanced approach with these changes following extensive consultation ...

Paris overshoot: are investors prepared?

ROSE MARY PETRASS  |  FRIDAY, 12 JAN 2024  |  NEWS
... destabilise socio-economic, political systems and ecological systems, posing a threat to the stability of the financial system. The IGCC is concerned that fundamental institutions will be threatened by physical risk. "We're already seeing conversations ...