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

Search Results

Showing 91 - 100 of 406 results for "Round of"

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... and commence proceedings against IOOF in the Federal Court of Australia. APRA chair Wayne Byres recently told the last round of the Royal Commission that the prudential regulator is still uncertain in how it will enforce the Banking Executive Accountability ...

Social media reacts to final Royal Commission hearings

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
As the final round of Royal Commission hearings drew to a close this week, commentators took to twitter to have their say on the commission's outcomes, efforts of counsel assisting and performances of bank executives in the hot seat. #BankingRoyalCommision ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... happy with it. And the board is not happy with it. And we do have to find a different mode of behaviour." In the fifth round of hearings, counsel assisting Michael Hodge suggested NAB's wealth arm complicated the plan service fee issue, and systematically ...

Apologies are over: Royal Commission looks to future

HARRISON WORLEY  |  MONDAY, 19 NOV 2018
The final round of the financial services Royal Commission will ask chief executives at Australia's largest wealth management companies how to prevent this same misconduct ever happening again. Making her opening statement this morning, counsel ...

Vamos joins embattled insurer

JAMIE WILLIAMSON  |  MONDAY, 12 NOV 2018
... is now a non-executive director on the board of Freedom Insurance Group, the insurer that was admonished in the sixth round of the Royal Commission for deliberately selling insurance products to vulnerable customers. Following shareholder confirmation ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... Group will front the financial services Royal Commission for the first time when the inquiry reconvenes for its final round of public hearings. Commissioner Kenneth Hayne released the list of entities called to give evidence in the seventh round of hearings ...

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... the Australian Catholic Superannuation Retirement Fund (ACRF) were the subject of failed mergers at the superannuation round of the financial services Royal Commission. Both funds were slammed for wasting a merger opportunity that had clear benefits ...

Beware the fintech Ponzi scheme

MICHELLE BALTAZAR  |  FRIDAY, 26 OCT 2018
... rates, favourable terms and generous giveaways. The founders usually use funds from the early investors to pay the next round of investors until, eventually, the money runs out. As published in the paper, a few days before Christmas in 2012, a Chinese ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... as supervising experts, in the operation of the business, she said. APRA and ASIC were slammed at the superannuation round of the Royal Commission for being toothless tigers. APRA deputy chair Helen Rowell said the prudential regulator banned one person ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next round of public hearings on October 11, 12 and 19. The hearings will provide an important opportunity to scrutinise the bank ...