News

Australian Banks, Advisors, and Issuers should be concerned after recent events in Singapore. The Monetary Authority of Singapore (MAS) is reviewing the regulatory limits and practices as to what qualifies as the Singaporean equivalent of a Sophisticated Investor. The regulatory shake-up is all to do with the following equation;

In something that sounds like an Aaron Spelling soap opera, there has been a Bush or Clinton in the Whitehouse since 1980. It would seem the average voter in the USA is changing channels, and no longer believes this Dynasty should continue.

October saw bond yields rise and stock markets weaken. Australian bonds had a bad month, losing around 2.2%, as did stocks.

Melbourne Cup Form Guide As you place your bet today, you do so alongside hundreds of thousands of fellow Australians, risking around $1.5b on the Spring Racing Carnival. Betting agencies see a 50% spike in activity on Cup day, and stand to turnover around $400m. 25 million swimming pools of alcohol will be consumed, and around $50m spent on fascinators, ties, suits, and frocks. That’s not to mention grooming; where ladies see their beautician or hair stylist for an up-market look, or hipster gentlemen see their barber for a beard trim - $200 on average spent.

Congratulations to Peta Tilse, awarded finalist in the IT Innovation category of the Women in Financial Services Awards.