RBA: Resilient financial system

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Financial Stability Review The Reserve Bank has given a clean bill of health for the Australian financial system, highlighting the strength of domestic banks compared with their overseas peers. The Reserve Bank has indicated that the natural disasters earlier this year is unlikely to significantly impair bank assets and profitability. However the central bank did

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Insync FM Doesn’t Hold Banks in its Global Portfolio – Why not?

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Insync FM Would Also Find it Difficult to Hold Australian Banks in a Global Fund Given: Their overweight home loan portfolios Their regional outlook Their recent dividend performance Sydney-based international equities manager, Insync FM, does not hold any banks in its 25-stock portfolio of the Insync Global Dividend Growth Fund. Why is that? For Insync

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Credit: How Irish is Australia?

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Summary Ireland has gone from financial market darling to a challenging credit in the space of three years. With a similar concentrated banking system that has a high exposure to the property market, could Australia become another Ireland? The rapid rating decline of Ireland has various lessons for investors: not to rely on ratings; and

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$500m deal puts Capital Finance in the lead

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Growing finance capability represents a real alternative to the big four The latest in a series of securitisation deals for asset financier Capital Finance means the company is now Australia’s largest issuer of A$ denominated non-RMBS securitisations  in 2010. The deal brings the total of securitisation funding raised by Capital Finance in the past 13

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New research comparing capital requirements of banks and insurers in Australia

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New research into regulatory standards for banks and insurers has found that improved transparency would bring benefits and that some differences exist in the treatment of products that are economically equivalent. Such differences may create regulatory arbitrage opportunities and market distortions. The research, conducted by Ernst & Young, is intended to inform debate about the

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Reserve Bank Governor signals pause on rates

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Testimony of Reserve Bank Governor In delivering testimony to the House of Respresentatives Economics Committee, the Reserve Bank Governor has given clear signals that interest rate settings are on hold for now. The Governor didn’t want to dissaude people of the view that while rates could rise in the future, it would “not imminently” occur.

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J.P. Morgan completes migration of ANZ custodian business

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J.P. Morgan direct custody offering open for business J.P. Morgan Treasury & Securities Services has today announced it has completed the successful migration of direct and master custody clients from ANZ Custodian Services. ANZ Custodian Services was acquired by J.P. Morgan in November 2009. Completed on time, within one year of the acquisition, this migration

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Comparing Aussie companies: facts & fiction

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Company financial statistics In recent weeks investors have no doubt found it difficult to sort fact from fiction in the public discussion about company balance sheets. Some commentators have questioned whether banks are generating above-normal profits. Others have questioned whether some companies such as BHP Billiton are making profitable use of capital or whether a

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James Blackshaw joins St.George Private Clients as State Head QLD and WA

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Rebecca Lim, General Manager St.George Private Clients, today announced the appointment of James Blackshaw as State Head QLD and WA. James joins St.George Private Clients from Bank West Private Banking where he was East Coast Director and prior to this role, State Director QLD. He has also worked in the private banking teams at Macquarie

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