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The corporate1 regulator says it plans to announce the results of its investigation2 into the financial planning arm of Macquarie group after a Senate inquiry3 recommended re-examine the group's activities. The inquiry's report has slammed ASIC's handling of royal financial planners at the Commonwealth4 Bank and called for a royal commission into both organizations. It's also urged ASIC to re-examine other groups naming only Macquarie Private Wealth. ASIC deputy chairman Peter Kell says it's monitoring Macquarie's compliance5.
The Reserve Bank says cheaper home loans have been more to blame for rising Australian house prices than foreign investors6. A Federal Parliamentary inquiry is investigating complaints that property price hikes in major Australian cities may be driven by an influx7 of foreign buyers. The Reserve Bank assistant governor Christopher Kent has told a hearing in Sydney that most of the recent demand has come from locals. He adds to May just 5% of the recent property sales were to foreign buyers.
The Australian share market has ended the day lower, reversing yesterday's gains as banks and retailers8 also down. The All Ordinaries Index lost 18 points or 0.4% and the ASX 200 Index broadly matching that loss. The financial sector9 is of course in the spotlight10 at the moment. The Commonwealth Bank share also down in line with the rest of the major banks. Macquarie Group shares managed a slight gain. The Australian dollar is currently worth 94.38 US cents.
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1 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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2 investigation | |
n.调查,调查研究 | |
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3 inquiry | |
n.打听,询问,调查,查问 | |
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4 commonwealth | |
n.共和国,联邦,共同体 | |
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5 compliance | |
n.顺从;服从;附和;屈从 | |
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6 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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7 influx | |
n.流入,注入 | |
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8 retailers | |
零售商,零售店( retailer的名词复数 ) | |
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9 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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10 spotlight | |
n.公众注意的中心,聚光灯,探照灯,视听,注意,醒目 | |
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