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Showing 101 - 110 of 170 results for "Economics Committee"

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... received advice between 2003 and 2012. CBA chief executive Ian Narev spoke to the media a week after the Senate Economics Committee issued the report on the inquiry into the Australian Securities and Investments Commission (ASIC), which was critical ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... Ivantsoff confirmed to Financial Standard that numbers are up and "phones are running hot" after the Senate Economics Committee issued the report of the inquiry into the performance of the Australian Securities and Investments Commission (ASIC). Ivantsoff ...

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... report, which raised a number of serious issues," he added. So far, CBA has not referred directly to the Senate Economics Committee request to set up a Royal Commission into the cases of adviser misbehaviour within CBA Financial Planning and Financial ...

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... regulator, ASIC chairman Greg Medcraft said. Medcraft spoke at a media conference the day after the Senate Economics Committee made public the final report after it spent a year conducting an inquiry into the regulator's performance. "Our job is to do ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
Macquarie Private Wealth is in the firing line with the Senate Economics Committee inquiry recommending ASIC undertake "intensive surveillance" of the company in its recently released report. The organisation was referred to by name in one of the Senate ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... "reckless." The bank has issued a statement, following yesterday's release of the final report of the Senate Economics Committee inquiry into the performance of the Australian Securities and Investments Committee (ASIC), which was prompted by cases of ...

Market wrap AM

AAP  |  FRIDAY, 27 JUN 2014
... and Deputy Head of Economic Analysis David Orsmond are due to appear before the House of Representatives' Economics Committee public hearing for the inquiry into foreign investment in residential real estate. In equities news, Asaleo Care is due to float ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The financial services industry is at a turning point after the Senate Economics Committee report stressed the need for dramatic changes in the way the advice sector operates. The Financial Planning Association (FPA) said that "Australia's complex financial ...

Senate inquiry reccommends Royal Commission into CBA

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The Senate Economics Committee has recommended that the government establish an independent inquiry in the form of a judicial inquiry or a Royal Commission to examine the cases of adviser misconduct within the Commonwealth Bank financial planning businesses. ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... (ASIC) chairman Greg Medcraft said, ahead of the Senate report on the inquiry into the regulator. The Senate Economics Committee is expected to report its conclusions on the extensive inquiry into ASIC's performance that was prompted about a year ago ...