Yesterday
Rob Whitfield, Christine Holman emerge on ASX inquiry panel shortlist
The corporate regulator announced an inquiry into the sharemarket operator after a series of missteps including a disastrous settlement outage in December.
This Month
ASIC inquiry a ticking time bomb for ASX chief Helen Lofthouse
It is likely to be well into next year before market participants see workable recommendations and any detailed regulatory response from the latest review.
Jarden in talks to secure offshore partner, strategic investor
The Trans-Tasman firm has been in discussions with independent and global advisory houses, including Wall Street deal-making powerhouse Evercore, for a tie-up.
A weak IPO market? Here’s one big reason missed in the debate
Investors have long memories, and poor trading by many initial public offerings over the past five years has played a big part in the souring sentiment.
Helia reviewed ‘circumstances’ of CEO’s share sale before departure
Helia, formerly known as Genworth, quietly investigated its CEO Pauline Blight-Johnston over the sale of shares before the loss of a major contract and her resignation.
GemLife could be first to trial ASIC’s fast-track IPO process
Investment banks and law firms say the corporate regulator’s push to expedite listings is a good first step towards making public markets more attractive.
Westpac plunders more talent from CBA in business deposits push
Westpac wants to improve its standing in business deposits, where it trails in third place in terms of market share.
ASIC shakes up float rules to jumpstart struggling IPO market
The trial measures will accelerate listings and represent the biggest changes to the process for almost a decade.
Texan investment giant’s $1b buy order pumps up CBA’s share price
A bulky order for the bank’s stock over the past fortnight has helped the country’s biggest lender pass $300 billion market capitalisation.
Fix the shrinking ASX before private markets, brokers urge ASIC
The corporate regulator is mulling feedback from almost 90 submissions on its review into Australia’s capital exchange.
Anxious wait for ASIC’s private markets, IPO shake-up
The regulator should clarify its policy positions this year, rather than letting the talkfest drag on. Some clues should emerge this week.
May
Big super mergers create havoc for fundies as mandates get yanked
It’s clear the days of investment managers raking in easy money ended long ago. And some of the best-known firms are getting hit hardest as demand dries up.
New ANZ chief makes first executive hire amid bank poaching frenzy
Nuno Matos has hired a new group executive from Santander’s senior management ranks amid “one of the busiest times for bank CEO and CFO transitions”.
Politicians to pay super tax later than others
Anthony Albanese and other public officials with defined benefit pensions can defer payments of the higher levy on retirement savings until they retire.
Jim Chalmers must get back to the drawing board on super tax measures
Tinkering in the wrong way with the superannuation system to bolster the tax intake is dangerous. AMP’s Alexis George urges a government rethink.
Big banks brace for a wave of executive changes, starting next week
Westpac’s board and chief executive Anthony Miller are set to decide who will lead its retail banking division, with domestic and international candidates considered.
Brookfield spearheads La Trobe’s push for listed private credit trust
The Canadian giant, which is reeling from its disastrous investment in Healthscope, is taking the asset management and lending group into listed markets.
Canadian Securities Exchange unveils venture exchange to take on ASX
The CSE will have to overcome headwinds but chief executive Richard Carleton believes it can shake up the dynamics in Australia, starting with acquiring NSX.
Class action brewing against former ASX executives over CHESS failures
The legal action will target former officers over the bungled upgrade of the exchange’s ageing clearing and settlement platform.
Macquarie showed ‘unhealthy arrogance’ on risk. Until this happened
The confrontational approach taken with the markets disciplinary panel and ASIC contrasted with Macquarie’s engagement with regulators in the UK last year.