Financial services

Reeling from the final ASIC report into its shortcomings, the Australian bourse is in need of urgent repair even as its CHESS replacement project faces potential delays.

The accounting software platform has teamed up with its would-be disruptor. Investors think other battered SaaS names could follow its lead.

ASIC has set its sights on how individual investors are accessing the booming private credit asset class via managed account platforms.

The ASX-listed GP staking shop has been unfairly caught on the wrong side of the AI trade dominating markets. Now it’s playing offence.

The new listed investment trust is leaning into market turmoil with a $200m float, pitching itself as a “safe harbour” as investors hunt for defensive opportunities.

Chief executive Todd Barlow says the famously long-term investor is adopting a more dynamic approach in response to turbulent global markets.

ASIC has been visiting offices and rifling through documents for further information at some private credit funds. Market participants say its a necessary step.

The corporate regulator has ramped up its scrutiny of some firms in the booming sector following an initial wave of surveillance last year.

Australia’s largest super fund, which manages $410b in retirement savings, has shifted its portfolio as markets grapple with deepening geopolitical conflicts and the rise of AI.

After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.

The financial advice industry was decimated following the Royal Commission but now Bain, KKR, CC Capital, Oaktree and TA Associates are hoovering up what banks thought were too difficult to manage.

What first looked like a Commonwealth Bank problem is shaping up as a broader fraud risk tied to broker and referrer channels across the majors.

Fund managers say Macquarie’s reinstatement process was lengthy, with advisers and clients playing a decisive role in pushing for choice.