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Showing 1551 - 1560 of 5948 results for "Banks"

Australia lax in fighting financial crime

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... discussion that despite being well regulated and spending large amounts of money in detecting and preventing financial crime, banks alone aren't the only place where money will be laundered. It is however incumbent upon larger institutions with all its ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
... otherwise hinder innovative offerings," Morrison said. According to KPMG's Forging the Future fintech report, Australian banks are leading the way on fintech engagement, collaboration and innovation ahead of global peers. The report, which surveyed more ...

CBA chair defends executive bonuses

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... Bank chair Catherine Livingstone told the Standing Committee on Economics' third hearing into the Review of the Four Major banks that based on the facts at the time, "we made the right determination." Livingstone defended the bank's "rigorous procedures ...

BEAR should apply to insurance bosses: Spot poll

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... also mean executives deferring a large portion of their salary if they breach accountability obligations. "Under the BEAR, banks and their senior executives and directors will be expected to conduct their business with honesty and integrity, prudence ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
... will bring tough new rules and greater accountability to bank executives, Treasurer Scott Morrison said. "Under the BEAR, banks and their senior executives and directors will be expected to conduct their business with honesty and integrity, prudence ...

UniSuper builds equities team

KARREN VERGARA  |  THURSDAY, 19 OCT 2017
... Merrill Lynch for more than 13 years. Andrew Hill, who also hailed from Bank of America Merrill Lynch working in Australian banks research, joins as a senior analyst of financials. Spence and Hill will commence their new positions in December and January ...

Perpetual trustee business wins mandate

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
... substantially benefit the business long-term. "Investing in corporate loans has traditionally been a market dominated by regulated banks, making it difficult for non-bank investors to access. There was significant interest in the IPO from retail and ...

ABA announces new chair

JAMIE WILLIAMSON  |  TUESDAY, 17 OCT 2017
... forward to building on his strong legacy of industry reform." Traditionally, the chair position rotates between the major banks' chief executives. While the Commonwealth Bank was next in line, the announcement that Ian Narev would depart in 2018 brought ...

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
Westpac is facing a class action for allegedly charging higher life insurance premiums via its network of financial planners. Shine Lawyers filed the class action against the bank and its subsidiary, Westpac Life Insurance Services, on behalf of customers ...

Technology will shape financial services

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2017
... apply for a mortgage, blockchain will make those applications instant and eliminate the reams of paper you're used to." With banks already beginning to invest heavily to explore blockchain technology, Riddell said this is the future of customer experience ...