The regulator is liaising with the Customer Owned Banking Association to get feedback from mutual banks on a new supervisory model that took the industry by surprise.
Financial services
Regal Partners is under pressure after its $220 million Opthea stake soured, dragging down its share price, unsettling investors and derailing its ASX 300 hopes.
The millionaire factory is no stranger to changing tack in search of higher returns. This time around, that means shifting a lot of money into private markets.
The hedge fund's CEO has moved to quell concerns after it emerged that portfolio managers and traders are facing a steep financial hit from a disastrous biotech bet.
The corporate regulator warned there "will be more failures in private credit investments, and Australian investors will lose money".
Cuffe’s APS Foundation is targeting $1 billion by 2028, backing standout investments like Guzman y Gomez and expanding into global secondary funds.
CIO Kyle Lidbury says private credit opportunities are stronger offshore — and warns Australia’s immature market must watch for creditor-on-creditor violence.
Merricks Capital has settled one of its most high-profile loans — Melbourne Place Hotel — and says workouts are a feature of private credit, not a bug.
Despite pulling back from public ESG advocacy, super funds are still investing with climate in mind, says GSFM investment strategist Stephen Miller.
Sukhinder Singh Cassidy is on track to be the second highest paid CEO on the ASX this year behind Macquarie's Shemara Wikramanayake.
Income Asset Management is giving private clients access to DAZN’s Foxtel loan by facilitating loans through syndicated debt deals.
Distributions from private credit funds are showing more resilience than private equity, attracting investors despite ongoing concerns around asset quality
Financial experts have expressed caution about self-directed super fund products, which give unadvised users more control over their retirement savings.
The corporate watchdog's findings on super funds' poor handling of death benefit claims highlights the growing risks facing directors and executives operating in Australia's $4 trillion retirement savings sector.
