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Showing 1281 - 1290 of 4760 results for "banking"

Remediation to hit Westpac earnings

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... fees. Westpac said around half of the $260 million related to the financial advice business, while consumer and business banking accounted for the remainder. Key in the bank's remediation provisions is increased customer refunds for ongoing advice fees ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... conduct regulator for superannuation. APRA's extra $150 million in funding will see the prudential regulator extend the Banking Executive Accountability Regime (BEAR) to all APRA-regulated entitles, including super funds and insurers; and greater supervision ...

EQT hires risk and superannuation strategy lead

KARREN VERGARA  |  MONDAY, 25 MAR 2019
... growing Superannuation Trustee Office (STO). Watts worked across a range of areas including superannuation, insurance and banking at APRA. He joined the prudential regulator in 2012 as a financial analyst before moving to a managerial role in September ...

Banks move to derisk, workforces shrink

KANIKA SOOD  |  MONDAY, 25 MAR 2019
... underweight in the sector, but not totally offload their holdings," Ong says. "On whether and how the restructure of the banking sector will impact super fund appetite to invest in them, it is worth considering how much more the superannuation funds ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... significant focus on governance and accountability. He said the regulator has consistently supported the view that the Banking Executive Accountability Regime (BEAR) cover other APRA-regulated industries such as superannuation and life insurance. He ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... violent relationship and people experiencing long-term illness are the focus of new guidelines proposed by the Australian Banking Association. The ABA opened a consultation to the public which will result in new industry guidelines aiming to better support ...

Indigenous super access needs improvement

KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... carried out by trained staff. One of Hayne's recommendations in the Royal Commission final report is for the Australian Banking Association to amend its code so that if a customer identifies as an ATSI, the bank will follow AUSTRAC's guidance on identification ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... rolled out to the public at all yet. The New Payments Platform website says the infrastructure could be used outside retail banking: "The industries and sectors that could benefit from the Platform's capabilities include insurance, superannuation, ecommerce ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... new consumer division will be led by current business bank chief executive David Lindberg. General manager of commercial banking Alastair Welsh will act in the role of chief executive, business while a global executive search is carried out. These changes ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... continued action on all 76 recommendations contained in the final report of the Royal Commission into misconduct in the banking, superannuation and financial services industry." The new consultation paper aims to amend the law to allow ASIC to approve ...