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Showing 1181 - 1190 of 2861 results for "Standards"

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... their stakeholders, including customers, and added these failures extended to obeying the law, and meeting community standards "All of these failures are totally unacceptable. Too many customers have been hurt, and it has to stop," she said. Bligh said ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... Frydenberg that culture and conduct of Australia's financial institutions has fallen below the expectations and standards of the community. Hayne was right to say greed is the motive behind the sector's many excesses. "We know how that greed ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards of honesty. Frydenberg told a press conference that too often, financial institutions have focused on selling products and ...

Interim report dotted with questions

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... happening again? "Too often, the answer seems to be greed - the pursuit of short term profit at the expense of basic standards of honesty," he said. Answering what happens now in the financial services industry, Hayne hinted passing more laws wasn't ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... whether the motive is called 'greed', 'avarice' or 'pursuit of profit', the conduct ignores basic standards of honesty." He said charging for advice that is not provided is equally dishonest as giving advice that does not serve ...

Royal Commission interim report released

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... existing law be administered or enforced differently? Is different enforcement what is needed to have entities apply basic standards of fairness and honesty: by obeying the law; not misleading or deceiving; acting fairly; providing services that are ...

ASIC outlines code monitoring expectations

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... compliance with the code of ethics. "Effective compliance schemes are a key component of the reforms that will require higher standards of ethical behaviour and professionalism among financial advisers," he said. "Our guidance requires high standards ...

Super funds call for grandfathering ban

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... regulators begin work on identified issues immediately to rebuild trust and faith in the system. "Addressing community standards and expectations is at the heart of engendering confidence in the system. Perceived and actual conflicts of interest, if ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... Commission, counsel assisting found that CommInsure, TAL and Rest may have engaged in conduct that fell below community standards after hearing "troubling" evidence from various case studies. CommInsure and Colonial Mutual Life Assurance (CMLA) executive ...

AFCA membership deadline arrives

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
... developing the role of codes of practice to improve customer service, along with her efforts in promoting professional standards and business ethics in the financial advice industry. We look forward to June's contributions in the new role."