Why identity theft should be front of mind for all brokers
Cybersecurity and identity theft are issues that are front of mind of all organisations in every sector, perhaps none more so than in financial services. There has recently been an increase in the amount of share sale fraud owing to identity theft and ASIC has updated its guidance to AFSL holders and issued warnings to industry and consumers.
Procrastination is opportunity’s assassin
A guide to replacing your bank hybrid exposure.AT1 capital securities (bank hybrids) have become a mainstay of retail investors’ portfolios due to their attractive returns, franking tax benefits and perceived safety. This retail demand has in turn helped maintain low yields and favourable funding conditions for Australian banks.
An option to reduce stock volatility “No one ever went broke from taking profit” is the old saying, but they may have had to deal with the tax obligation that it created. This is the question some investors are asking regarding their CBA holding given the run over the last 8-12 months.
Reimagining corporate actions: A transformation opportunity The corporate actions landscape is facing an unprecedented challenge with a deluge of increasingly complex events that strain traditional processing methods. This complexity is further compounded by the fact that the financial industry is navigating a sea of information, where corporate actions are often the most unpredictable waves. Market participants grapple with intricate processes, fragmented data sources, and relentless pressure to achieve more with less, making the task of finding the right corporate actions data, connecting the elusive dots, and streamlining tangled workflows a daunting daily challenge. Yet, within this challenge lies a remarkable opportunity to revolutionise the industry through intelligent automation and data analysis.
The Illusion of Assurance: why your independent review may be putting you at risk
Why review quality is now a strategic and commercial priority for boards.For members of the Stockbrokers and Investment Advisers Association (SIAA), the quality of independent reviews is no longer just a risk or compliance matter – it is a frontline issue for governance, reputation and commercial viability.
Compensation Scheme of Last Resort – just keeps getting worse and worse
In the April edition of the SIAA monthly we reported on our submission to Treasury’s post implementation review of the Compensation Scheme of Last Resort (CSLR) in which we warned that the scheme is utterly unsustainable without a significant re-design as well as changes to the way AFCA operates.
Super snippets: Heading in the right direction
In recent columns for the Stockbrokers and Investment Advisers Association, I have expressed concerns about the governance of public offer superannuation funds, particularly after the Australian Securities and Investments Commission produced its Report 806 into the state of play in regard to death benefit payouts. Suffice to say that paper was not flattering for the large super funds servicing the majority of Australians.
