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Showing 131 - 140 of 333 results for "Watchdog"

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
JPMorgan's former head of equity, capital and derivatives, Richard Galvin, has been forced to answer questions over the immunity deal offered to him by the ACCC over the cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... for all Australians," Baker said. First up on the agenda, the association will face a fresh inquiry by the competition watchdog into the banking sector, this time, examining "loyalty tax"; where new borrowers are charged lower rates than existing customers. ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the watchdog would confirm by the end of the month whether it would launch legal proceedings under the Banking Executive Accountability ...

Calls to give ASIC power to repair reputations

ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... investigation for wrongdoing following the Royal Commission. Philip Crutchfield, QC, who previously acted for the corporate watchdog in its bank bill swap rate rigging case against Westpac, NAB and ANZ, as well as acting counsel for AMP at the financial ...

ASIC clamps down on poor advice, grandfathered commissions

KARREN VERGARA  |  WEDNESDAY, 28 AUG 2019
... will clamp down on financial advice misconduct and ensure it sees an end to grandfathered commissions. The corporate watchdog outlined its priorities for the advice sector between now and 2023 in its recently released Corporate Plan. One of its new priorities ...

Australians lose record amount to scams

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... million to investment scams alone. The ACCC said it seems scammers are deliberately targeting vulnerable groups. The watchdog said part of the reason for the increase may be because scammers are updating old scams with new technology - with the ability ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... Adviser Network's advisers failed to demonstrate compliance with the best interest duty and related obligations. The watchdog found Statement of Advice (SOA) documents used by the group contained heavily templated wording and many files lacked evidence ...

NFP intra-fund advice is not a distribution channel

KARREN VERGARA  |  WEDNESDAY, 3 APR 2019
... discussion is still in its infancy, Bowtell did not specify what those changes will look like. She added that corporate watchdog ASIC is conducting a review of superannuation advice. It will be looking at in-house product bias and the extent to which ...

Industry Super Holdings slammed for weapons investment

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2019
... in a company that supplies weapons technology to Saudi Arabia from the global community. A study conducted by consumer watchdog and activist group SumOfUs reveals ISH, which is owned by industry superannuation funds, as a major investor in Electro Optic ...

Super funds eye intra-fund advice shake-up

KARREN VERGARA  |  FRIDAY, 15 MAR 2019
... said, adding that in five years' time super funds will not have the same models that are operating today. Corporate watchdog ASIC is also conducting a review of superannuation advice. It will be looking at in-house product bias and the extent to ...