Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1561 - 1570 of 3506 results for "compliance"

Former Morgan Stanley chief to join Westpac board

HARRISON WORLEY  |  WEDNESDAY, 6 FEB 2019
... join the board of Westpac in March as non-executive directors, and both are set to be appointed to the board risk and compliance committee. Harker is the former managing director and chief executive of Morgan Stanley in Australia, and led the firm's ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... by Hayne in the report, with the Commissioner noting CBA had been confronted directly about why it had conduct and compliance issues in a manner not shared by its contemporaries. "I was persuaded that Mr Comyn...is well aware of the size and nature of ...

ASIC enforcement must get tough: Commissioner

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
... starting point should be "why not litigate?" instead of the "negotiate" tack the regulator has traditionally taken. Compliance is not "voluntary" and the companies that ASIC oversees are not its "clients", Hayne said. He asks that ASIC make it a policy ...

AFSL reference checking protocols required

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
Financial advice licensees are not doing enough to communicate the background of advisers. As such, compliance with the Australian Banking Association's reference checking protocols should be mandatory for all advice licensees, the Royal Commission ...

Royal Commission principles not simply an add-on

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... at 4.10pm today, Longstaff said Commissioner Kenneth Hayne made it clear he's not interested in more laws to govern compliance, rather it's about where do firms sit in regards to community expectations. "It's not enough to know how they [firms] treat ...

Hiring outlook subdued: Poll

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... education requirements. Paraplanners can look forward to salary raises and more opportunities, as companies rush to fill in compliance and remediation roles created as a result of the Royal Commission. "Another major trend this half will be the continued ...

Commonwealth FP fails to meet EU obligations

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... first was delivered in July 2018. ASIC said the second report raised concerns around CFPL's remediation program and compliance capabilities, saying there remains a heavy reliance on manual controls which "have a higher inherent risk of failure due ...

Royal Commission to suppress bank stocks

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... this backdrop, as they are cycling low bad debt charges and face higher regulatory capital, and higher funding and compliance costs," she told a media briefing recently. Figures from the Australian Shareholders' Association show retail investors ...

Industry fund appoints chair

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
... 2003. Firkins has worked as an auditor and been involved with the aviation industry. He has an understanding of complex compliance and risk management systems, is able to engage with people and has a healthy approach to governance and strategy, the fund ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... Capital, a managed discretionary account provider specialising in trading services and advice, uncovered widespread non-compliance practices. Jade Capital advertised misleading information on returns, fees and costs, performance history and results relating ...