Search ResultsShowing 41 - 50 of 100+ results for "Commonwealth Bank"
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an ...
Banks must prioritise NPP, says Reserve Bank
ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... rolling out the high speed payment system last year. In emails sent by Lowe to the chief executives of ANZ, Commonwealth Bank, Westpac and National Australia Bank last September, he expressed concern at how long it was taking to roll out the high ...
IOOF faces class action
KANIKA SOOD  |  MONDAY, 18 MAR 2019
... was a lawyer at Slater & Gordon in 2010 when the firm worked on getting investors compensation from Commonwealth Bank after Storm Financial collapsed. He is now a partner at Quinn Emanuel and will lead the team working on the IOOF class ...
Commonwealth Bank delays wealth demerger
JAMIE WILLIAMSON  |  THURSDAY, 14 MAR 2019
Commonwealth Bank is delaying its demerger plans for its wealth management and mortgage broking businesses. Announced today, the group said it is prioritising the implementation of the Royal Commission's recommendations, refunding customers and ...
Mortgage broker trail commissions to stay
KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... are settled through 16,000 brokers, Frydenberg said. The channel accounts for almost 40% of all loans at Commonwealth Bank and 55% at ANZ but some banks have shown they don't need to rely on the channel. An example is Bendigo and Adelaide Bank ...
ASIC scolds banks over fee-for-no-service delays
HARRISON WORLEY  |  MONDAY, 11 MAR 2019
... review" programs currently underway at six of Australia's largest financial institutions - AMP, ANZ, Commonwealth Bank, Macquarie, NAB and Westpac. According to ASIC commissioner Danielle Press, the institutions have taken too long to ...
Super fund chief executive to retire
KANIKA SOOD  |  MONDAY, 11 MAR 2019
... is hunting for a replacement. Doug Carmichael is slated to retire in June end after nine years of leading Commonwealth Bank Group Super. The news was confirmed in an update shared with CBA employees last week. The fund has now commenced the ...
Former ASFA chair sees new EQT role
HARRISON WORLEY  |  MONDAY, 4 MAR 2019
... client service. Meanwhile, the trustee company appointed a former head of the office of trustee in Commonwealth Bank's wealth division to its superannuation board last week. Sue Everingham has linked with Equity Trustees Superannuation ...
APRA sets sights on 2019 targets
HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... even recommended a new regulatory overseer as a result . APRA chair Wayne Byres said its inquiry into the Commonwealth Bank and issues at the Royal Commission had shone light on areas in need of focus. "Financial soundness and stability remain at ...
New reforms to smash major super funds
JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
... are also expected to be impacted by the changes if legislated. The top 10 is rounded out by MLC Super, Commonwealth Bank and Cbus, based on APRA statistics for the September 2018 quarter. Rainmaker executive director of research Alex Dunnin ...
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