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The Australian Prudential Regulation Authority (APRA) said it is to launch an “independent prudential inquiry” into the Commonwealth Bank of Australia, which it said would focus on governance, culture and accountability frameworks and practices within the bank, Australia’s largest. APRA chairman Wayne Byres said the decision to initiate a prudential inquiry followed a number of […]
The Australian investment market is a ‘tough nut’ for overseas investment managers to crack, according to results of research undertaken by the US-based management consultancy Cerulli Associates. In a report for clients, Cerulli note that the market is more difficult and expensive to establish a presence in than many overseas investment manager initially expect. Nevertheless, if […]
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deVere founder and CEO Nigel Green comes out fighting against FATCA
