The Financial Services Council (FSC) is proposing to make the sophisticated investor test less subjective as currently wholesale fund managers are hesitant to apply it. In a submission to the ...
The Financial Services Commission said on Tuesday it will test-run the so-called omnibus account at seven financial institutions, including a foreign institution starting today. The system will be ...
The Financial Supervisory Commission (FSC) yesterday said that it is drafting a comprehensive stress test to gauge domestic banks’ ability to withstand wide swings in variables affecting risk exposure ...
The Albanese government should restrict access to lucrative wholesale investments to individuals worth more than $5 million, the Financial Services Council says, slashing the share of the population ...
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