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Showing 131 - 140 of 478 results for "Australian Bank"

Why wait for Royal Commission to address trust?

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
A financial services industry group said its latest consumer research shows Australians care less about Royal Commission findings and are more concerned about professional standards. The Financial Services Institute of Australasia's (FINSIA) latest ...

Chief economist update: Caught in the crossfire

BENJAMIN ONG  |  TUESDAY, 3 APR 2018
Isn't Australia part of the lucky group of countries (that include the EU, Argentina, Brazil, Canada, Mexico and South Korea) US President Donald Trump, in all his benevolence, graciously granted exemptions (albeit, temporarily) from his protectionist ...

ABA makes new code compulsory

KANIKA SOOD  |  MONDAY, 26 MAR 2018
Retail banks wishing to be members of the Australian Banking Association (ABA) will now have to sign up for its revamped Banking Code of Practice, which is currently awaiting ASIC's nod of approval. The new code will be binding, enforceable by law and ...

PIMCO sells Aussie banks as correction looms

ALEX BURKE  |  THURSDAY, 15 MAR 2018
PIMCO is winding down its exposure to Australian banks and certain real estate investment trusts as risks increase in these investments. In an outlook report, PIMCO portfolio manager Aaditya Thakur and credit research analyst John Dwyer said that while ...

Actuaries Institute names chief executive

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
The Actuaries Institute appointed a new chief executive to further build its brand and drive the profession forward. Elayne Grace, who has been serving as acting chief executive since the start of the year, has been promoted to the top role. She replaces ...

Institutions urged to overhaul outdated risk management practices

JAMIE WILLIAMSON  |  TUESDAY, 30 JAN 2018
Australia's financial institutions lack the capability to understand and manage risks that flow from rapidly changing social attitudes and should consider creating a dedicated role in response. That is the view of the Actuaries Institute's Ian Laughlin ...

Independent expert awaits bank remuneration guidelines

ALEX BURKE  |  FRIDAY, 19 JAN 2018
The independent governance expert appointed by the Australian Bankers' Association to review its consumer protection reforms, Ian McPhee, voiced his disappointment that not all participating banks have published their "overarching principles on remuneration ...

Retailers should be wary of Amazon: Poll

KARREN VERGARA  |  MONDAY, 4 DEC 2017
The majority of people polled in Financial Standard's weekly survey believe the launch of Amazon Marketplace in Australia has potentially dire consequences for local retailers. One-in-four (25%) respondents strongly agree the e-commerce giant will negatively ...

Major banks overlooking elder abuse

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The Australian Bankers Association and the four major banks aren't doing enough to prevent elder financial abuse, particularly within branches where they are most vulnerable, an advocate group said. Michael Riley, chief executive of not-for-profit organisation ...

The next generation of bancassurance

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
One may think the continuing trend of banks offloading their insurance and wealth management businesses signals the end of the bancassurance model but there is life in it yet, according to IOOF's Renato Mota. In a recent blog post Mota said the traditional ...