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Showing 91 - 100 of 397 results for "Mistake"

Financial institution charged over Epstein scandal

ELIZA BAVIN  |  THURSDAY, 9 JUL 2020
The US Department of Financial Services (DFS) has hit Deutsche Bank with a US$150 million penalty for the bank's relationship with disgraced financier Jeffrey Epstein. This marks the first enforcement action by a regulator against a financial institution ...

Platform prototypes compliance capability

ALLY SELBY  |  THURSDAY, 18 JUN 2020
HUB24 is developing a new tech capability, which it says will identify compliance issues before they happen. The specialist platform is currently working with five licensees to build the tool, including its subsidiary Paragem, which will use machine ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
... has done so much to see us through the worst of the crisis and is critical to building our future," Jones says. "Make no mistake, if the opponents of universal super win, the consequence will be the destruction of jobs, the crippling of economic growth ...

ASIC mainly concerned with media releases: Lawyer

ELIZABETH MCARTHUR  |  TUESDAY, 9 JUN 2020
... a vendetta against them," he said. "ASIC's 'shoot first, ask questions later' approach has crippled the industry. One mistake, and you're out! Recent experiences show that they'll keep looking until they find something." Yazbeck's paper argued that advisers ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
Australian financial firms are struggling to keep up with the pace of technological change, with two thirds of executives revealing that risks are emerging more rapidly than ever before. More than 70 Australian senior risk executives from the major ...

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
"You don't mess with the Zohan." Or in Australia's case, don't mess with the Politburo. It's only been weeks since Australia called for an inquiry into COVID-19, offending China and sending it into retaliation mode - Beijing banned beef ...

Behavioural tools to limit losses, fear

ALLY SELBY  |  THURSDAY, 14 MAY 2020
Market volatility is unavoidable, especially after a significant crash, but focusing on practical techniques to limit behavioural risk can help financial advisers limit the fear, anxiety and grief that they and their clients may be feeling. Behavioural ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... the individual at the time they made that statement," Keating said. "As you might imagine, if someone has made a genuine mistake, then there is no penalty that applies for that." Conversely, Keating said if a trustee is aware the statement they're ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... applications. In an update to its Design and Implementation document the ATO outlined that only where there has been a "genuine mistake" may members alter their ERS applications. The ATO said it is working with individuals where it has been established ...

Adequacy argument headlines online CMSF

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... can imagine them," she said. "You won't see them for a little while because they've had a very busy 2020. But make no mistake they still work in a system that compulsorily requires them to purchase something even though they have wage gaps. "They still ...