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Showing 1381 - 1390 of 4967 results for "Practice"

BABL named, shamed over Great Southern

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
Bendigo and Adelaide Bank Limited (BABL) has been singled out as breaching the Code of Banking Practice within its Great Southern Loans business unit. The Banking Code Compliance Committee (BCCC) said in its annual report that the BABL breaches occurred ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... behalf of customers who obtained CommInsure life insurance products recommended by a CBA-licensed adviser. Class Actions practice leader Craig Allsopp said group members were entitled to compensation because they incurred financial losses as a result ...

ETFs undermine product comparison: Research

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
The proliferation of products in the booming exchange-traded funds market is confusing investors and making it impossible to make like-for-like comparisons. New research from the US shows the exchange-traded product industry operates opaquely on many ...

Financial advice firms facing failure: Dynamic Asset Consulting

ELIZA BAVIN  |  MONDAY, 28 SEP 2020
Dynamic Asset Consulting (DAC) has warned that financial advisers are putting their businesses and their clients at serious risk by implementing traditional strategic asset allocation (SAA) portfolios. DAC portfolio manager Jerome Lander said most Australian ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... insurance. The report said the Taskforce considers this omission to be an important factor in the way BID is implemented in practice. "The Taskforce believes that the interpretation of BID for life insurance has evolved over time and advisers tend to ...

Responsible lending laws to be revoked

ANNABELLE DICKSON  |  FRIDAY, 25 SEP 2020
... elements of the reforms include allowing lenders to rely on the information provided by borrowers, replacing the current practice of 'lender beware' with a 'borrower responsibility' principle and removing the ambiguity of consumer lending laws to small ...

ASIC, IOSCO report on debt capital raisings

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... licensees for DCM transactions, often proactively marketing to issuers to receive mandates. As part of ASIC's better practice recommendations, it encouraged licensees to develop procedures that cover the whole lifecycle of a DCM transaction, as well ...

J.P. Morgan set to cough up US$1bn

ALLY SELBY  |  THURSDAY, 24 SEP 2020
... placing smaller orders for the asset and profiting on the increase in price brought about by the large phony order. The practice was made illegal in the US in 2010, following the financial crisis. The settlement rumours come after two precious metals ...

Count Financial adds member firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 SEP 2020
... Small & Gunn director John Small said. "Changing licensees is a very stressful process for a small financial planning practice. There are so many things to think about and it can be so disruptive to the business, particularly with the added challenge ...