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Showing 1151 - 1160 of 1257 results for "Royal Commission"

Chief economist update: Caught in the crossfire

BENJAMIN ONG  |  TUESDAY, 3 APR 2018
... November 2007 peak. Don't blame you if, like me, you're scratching your collective heads. Sure, there's the on-going Royal Commission investigating the shenanigans of Australian banks but...the All Ords is not comprised of banks alone. Besides, between ...

Royal Commission could lead to credit crunch: UBS

ALEX BURKE  |  WEDNESDAY, 28 MAR 2018
Recent UBS commentary suggests one plausible scenario where the knock-on effects of the Royal Commission could lead to a "credit crunch" scenario. In an update co-authored by analysts Jonathan Mott and Rachel Bentvelzen as well as economists George ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
... ABA's move comes as the financial services industry tries to regain customers' trust and faces the scrutiny of a Royal Commission. Last week, Financial Services Institute of Australasia (FINSIA) called for one industry-wide code to restore professionalism ...

ANZ halts asset secured loans to retail customers

KANIKA SOOD  |  MONDAY, 19 MAR 2018
... responsible lending laws two dozen times between 2013 and 2015. The bank is slated to appear before the banking Royal Commission this week, after executives from NAB and CBA testified last week. Retail investors held 42% of the company's shares, as of ...

Successful implementation of super code critical

STEPHEN FAY, JAMIE WILLIAMSON  |  THURSDAY, 15 MAR 2018
... the medium term resulting from the Joint Parliamentary Committee, Productivity Commission and potentially the Royal Commission but this shouldn't serve as a deterrent and moves to implement the existing code should still progress.

Regulatory disruption hampers long-term vision for super

JAMIE WILLIAMSON  |  WEDNESDAY, 14 MAR 2018
... added while it may be easy for those within the industry to get distracted by regulatory disruption such as the Royal Commission, the industry must prioritise more future-focused and member-focused strategies. "That can't wait until the noise dies down. ...

Financial advice under the Royal Commission spotlight next month

ALEX BURKE  |  TUESDAY, 13 MAR 2018
The Royal Commission will set its sights on the financial advice industry in April, with the first hearing taking place on the 16th. The first round of public hearings commenced today and focused on consumer lending practices regarding credit products ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
... serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last six years to financial advisers. These investigations involved ...

Institutions suffer financial adviser drain

ALEX BURKE  |  MONDAY, 19 FEB 2018
... industry model than just moving to different licensees; to broadcast the idea, he's penning a submission to the Royal Commission. He explains: "Essentially, we need to move the licensing down to the individual. The individual gives the advice; they are ...

Royal Commission seeks further disclosure over financial misconduct

DARREN SNYDER  |  MONDAY, 12 FEB 2018
... properly explain the nature, extent and effect of any misconduct over the past five to 10 years. Overseeing the Royal Commission into the Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Hayne outlined his focus ...