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Showing 141 - 150 of 398 results for "Mistake"

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... said Australia's banks accept full responsibility for their failures, labeling the findings as "shocking." "Make no mistake, today is a day of shame for Australia's banks," Bligh said. "This report makes some shocking findings. Our banks have ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... the witness stand this afternoon. Martin told counsel assisting Rowena Orr that ClearView "got [it] wrong" and "made a mistake" because it simply didn't understand it was breaching anti-hawking provisions prohibited by the Corporations Act. Breaching ...

Retail super funds reject MySuper delays

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
Several retail superannuation funds have rejected claims they fell below community standards and contravened the Superannuation Industry (Supervision) Act by delaying the transition of members into cheaper MySuper products. In response to recommendations ...

Chief economist update: Famous last words

BENJAMIN ONG  |  TUESDAY, 28 AUG 2018
The S&P 500 index closed at 2896.74 points at the end of last night's trading activity on Wall Street. Yes, Virginia, it's a new record high! Yippee-kay-yay and hallelujah! This is good for stock markets around the world, including Australia. ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
... unanimously voted to raise the Bank Rate by 25 bps to 0.75% on August 2, BOE governor Mark Carney was quoted as saying: "The mistake is to always wait, wait, wait until you have perfect certainty," before acting on policy. To this day, the BOE, like ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
ASIC's favourite method of tackling misconduct came under fire as the Royal Commission capped off its round of superannuation hearings on Friday. First up was Tim Mullaly, a senior executive leader in ASIC's financial services enforcement division. ...

NAB complicated plan service fee issue: Royal Commission

HARRISON WORLEY  |  MONDAY, 13 AUG 2018
... publicly apologising to Australians for NAB's actions in a video posted to twitter late in the week. "When we make a mistake, we find it and we fix it - and if necessary, we compensate you, and the mistake we've made in this case is we haven't ...

NAB CEO apologises over super failures

HARRISON WORLEY, DARREN SNYDER  |  FRIDAY, 10 AUG 2018
... I'm sorry for that," Thorburn said. "It's clear in these cases and in others, that we failed you. "When we make a mistake, we find it and we fix it - and if necessary, we compensate you, and the mistake we've made in this case is we haven't ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... of England went ahead and raised interest rates, highlighting the truism of BOE Governor Mark Carney's words: "The mistake is to always wait, wait, wait until you have perfect certainty." Then again, the US and UK labour markets are operating at ...

FASEA clarifies foreign degrees mistake

JAMIE WILLIAMSON  |  FRIDAY, 3 AUG 2018
The Financial Adviser Standards and Ethics Authority issued a clarification as to which body will assess foreign qualifications under the new professional standards. In releasing its initial guidance on foreign qualifications last week, FASEA advised ...