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Showing 101 - 110 of 181 results for "Kenneth"

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... the two bodies police the financial services sector, and both often blamed a lack of resources and funding. Commissioner Kenneth Hayne criticised APRA and ASIC in his September interim report, highlighting several instances of inefficiencies and failure ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
The public were provided a glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... assisting Rowena Orr said. Did the new pay structure change behaviour in ANZ's executives, both Orr and Commissioner Kenneth Hayne asked at separate points during the afternoon's hearing. Elliott said he wasn't sure because the question hasn't ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... fee issue became a focal point of discussion between the bank's chair and counsel assisting Rowena Orr and Commissioner Kenneth Hayne. On the subject of whether NAB should have negotiated with ASIC over the remediation of customers, Henry said NAB's ...

Vertical integration not to blame

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... banks was not the reason for the industry misconduct exposed in the Royal Commission. In their responses to Commissioner Kenneth Hayne's interim report, Australia's big four banks - as well as AMP and Macquarie - went as far as to say Hayne should avoid ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... Shipton agreed, but pointed out dialogue between board members and executives intended to be "free-flowing." Commissioner Kenneth Hayne pushed for a note-taker to be present at these meetings. "The preservation of corporate memory of contacts of this ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
The Labor Party submitted a response to Commissioner Kenneth Hayne's interim report, documenting feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements. In ...

October volatility sours investor outlook

KARREN VERGARA  |  TUESDAY, 6 NOV 2018
... Asian segment fell by 0.3 points to 99.6. State Street Global Exchange research and advisory services business associate Kenneth Froot said October's sell-off in the US erased all 2018 year-to-date equity market gains This was amid concerns about ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... 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, and Macquarie Group is ...

Banks vow to end grandfathered commissions

KANIKA SOOD  |  WEDNESDAY, 10 OCT 2018
... remove grandfathering provisions in relation to financial advice," Bligh said delivering ABA's response to Commissioner Kenneth Hayne's interim report. "This is another important piece in the puzzle of ensuring there are no conflicts for advisers," she ...