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ASX to rejig corporate governance framework
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KPMG finds new chief executive
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HSBC Australia and New Zealand have appointed a former Deutsche Bank executive as head of structured finance.
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Featured Profile
Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
Instead of ASIC spending millions of dollars on exams, how about spending money on prosecuting the 170 product providers that have lost clients money with little or no recourse. A more noval idea would be to have Directors of the Banks and Industry Superannuation funds be held liable for poor advice or loss of funds. If that was the case the standard for advisors would improve overnight at no cost to ASIC.
What about getting ASIC staff to sit their own exam to ensure they have the appropriate standard of skills too. They were asleep at the wheel thru all the recent turmoil in the financial services industry.
It seems ASIC is teflon coated these days, they should get their own backyard sorted out.
My dealer group is responsible for my training. I meet all the requirements set down by the FPA for maintaining my CFP.
I'll tell you what to do with the exam so stop blaming the many for the actions of a few; I'm plain sick of it.