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Showing 141 - 150 of 803 results for "Judge"

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... investment products." "ASIC has long had concerns about these products, which were infamously described by one Federal Court judge as 'financial heroin hits," she said. "We consider, and the court in that case considered, CFDs to be little more than ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
With the threat of cyber-attacks growing by the day, leadership teams in all areas of financial services are being urged to ramp up cybersecurity protections, with the regulators keeping a keen eye on their efforts. But while major institutions might ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
The Reserve Bank of Australia (RBA) said the decision to maintain the cash rate at 4.1% was finely balanced with a consideration to hike another 25 basis points. In the July 4 minutes, released this morning, the RBA explained inflation in Australia ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... retention agents ignored the express wishes of the consumers to cancel policies and acted so as to wear them down," the judge said. The banking Royal Commission grilled Howden about the boiler room sales tactics he imposed on his call centre staff, incentivising ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
The Reserve Bank of Australia's (RBA) decision to hold the cash rate at 4.1% is a relief, but likely only a temporary one. AMP Australia deputy chief economist Diana Mousina told Financial Standard the RBA decided to hold and observe the impacts ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... during the transition. An independent board of directors will be established for the new entity, with former Federal Court judge Andrew Greenwood joining as a non-executive director. Allegro further confirmed that candidates for an independent chair ...

Former BBY operations lead sentenced

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
... she will serve a three-and-a-half-year community correction order, including 380 hours of community service. His Honour Judge Doyle said Bilton's conduct involved serious offending and the obtaining of an extremely large financial advantage for BBY and ...

Super funds must prioritise member experience: Consultant

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
A global technology and HR consultancy is urging superannuation funds to shift to experience-led organisations, amid changing member expectations. Bharat Bathi, the lead of Wipro HR Services' retirement services division, says "it's not an option ...

Courtenay House affiliate faces prison

CHLOE WALKER  |  TUESDAY, 9 MAY 2023
... ASIC, Papoulias was not aware that the funds were used to fuel a Ponzi scheme. Nevertheless, when handing down the sentence, Judge McHugh SC remarked that Papoulias' actions had undermined public confidence in the regulatory regime of the financial services ...