Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 138 results for %22Banking Industry Conduct%22

Suncorp chief executive steps down

ELIZABETH MCARTHUR  |  MONDAY, 27 MAY 2019
... experiences last year. McLoughlin said Johnston's experience and understanding of Suncorp's core insurance and banking businesses make him will placed to step into the role of acting chief executive. "Steve is highly regarded by his peers and ...

Superannuation mergers strike oligopoly fears

KARREN VERGARA  |  TUESDAY, 23 APR 2019
Concern the superannuation industry will become an oligopoly like the banking sector is being fuelled by the regulators' new powers and increased funding, specifically aimed at forcing underperforming funds to merge or shut down. Of the $400 million ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... innovation which could have widespread use across insurance, superannuation, ecommerce, payroll and securities as well as in banking. McKinnon told Financial Standard : "The New Payments Platform is a game changer for Australian payments, and I am looking ...

Dealer group acquires bank advice business

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2019
... deliver customers increased access to specialised financial planning services, Bendigo and Adelaide Bank executive, consumer banking Richard Fennell said. The dynamics impacting advice businesses have changed significantly in recent years, he said. "The ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... aim of building and enhancing AMP's direct advice channels. He was most recently part of Credit Suisse's private banking leadership team. He starts at the end of June. Responsible for transforming AMP's Australian wealth management operations ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... conduct regulator for superannuation. APRA's extra $150 million in funding will see the prudential regulator extend the Banking Executive Accountability Regime (BEAR) to all APRA-regulated entitles, including super funds and insurers; and greater supervision ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... significant focus on governance and accountability. He said the regulator has consistently supported the view that the Banking Executive Accountability Regime (BEAR) cover other APRA-regulated industries such as superannuation and life insurance. He ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... continued action on all 76 recommendations contained in the final report of the Royal Commission into misconduct in the banking, superannuation and financial services industry." The new consultation paper aims to amend the law to allow ASIC to approve ...

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... priority to the interests of members over all other interests," he said. In separate recommendations, Hayne asked for the banking executives accountability regime (BEAR) to be extended to super funds and insurance. Under it, superfunds would have to ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... following the release of Royal Commission's final report. Landing yesterday, the report was scathing in its assessment of banking executives. Commissioner Hayne said the final round of hearings - which saw chief executives and chairs of the big banks ...