financial services sector

Opinion

Cormann wish list to hit industry fund status

Cuts to red tape and greater market freedoms in superannuation have been promised by Senator Matthias Cormann if the Liberal Party wins the election. These will open up the system of default funds for industry sectors and will also face the imposition of independent trustees. He has also reiterated his party’s promise that there will […]
Administration

STP saves time, risk and cost

Since the advent of mainframes in the financial services sector, the term straight-through processing (STP) has been with us to describe the ongoing integration of the front, middle and back offices, connecting parties to each trade electronically in order to reduce inefficiencies – and risk. By allowing the automatic transfer of information from one part […]