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Showing 1601 - 1610 of 6079 results for "Commission"

One regulatory regime enough: FSC

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... financial services law be simplified. "This is consistent with the philosophy expressed in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry," the FSC said. With the government planning ...

ASIC prepares to be primary super conduct regulator

ELIZABETH MCARTHUR  |  THURSDAY, 12 SEP 2019
... regulating the conduct of super funds was one of the most significant changes for ASIC to be recommended by the Royal Commission. While ASIC awaits legislative reform to cement its role in super, Hughes said ASIC is already positioning itself to take ...

Senate creates committee on fintech, regtech

KRISTI CHENG  |  THURSDAY, 12 SEP 2019
... that sees the government looking towards technology as a solution to improve compliance in the wake of the Hayne Royal Commission. At a Q&A session at the Institute of Public Administration last month, Prime Minister Scott Morrison spoke about how regtech ...

Consultation opens on new ASIC powers

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... the Crimes Act. This draft legislation is part of the Government's commitment to deliver on the findings of the Royal Commission. Treasurer Josh Frydenberg said in a statement: "The exposure draft legislation is further evidence of the government's commitment ...

Calls to give ASIC power to repair reputations

ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... given the power to issue "no action letters" to those not under formal 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 ...

The end of grandfathered commissions

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... the product," Kewin added. "Some of these advisers have a significant level of debt that is secured by grandfathered commission clients. "We call on the banks to treat these financial advisers with respect and allow them time to adjust their business ...

AFCA ombudsman addresses adviser concerns

KRISTI CHENG  |  TUESDAY, 10 SEP 2019
... 12 months, to accept complaints about conduct dating back to 1 January 2008, the period examined by the Hayne Royal Commission. In cases where financial firms and its customers have not found a resolution, AFCA will start investigating legacy matters ...

ASIC super specialist jumps to law firm

KANIKA SOOD  |  TUESDAY, 10 SEP 2019
... on September 2. She has more than 30 years of experience, most recently at the Australian Securities and Investment Commission. She was also a member of the Comprehensive Income Products for Retirement (CIPR) Framework Advisory Group which was formed ...

Priced out: Advice affordability at risk

ELIZABETH MCARTHUR  |  MONDAY, 9 SEP 2019
... becoming more expensive - or unaffordable altogether - for the average Australian. A submission by ASIC to the Royal Commission last year stated: "Many of the recent and ongoing reforms designed to lift conduct standards for advisers are likely to also ...

Financial incentive provokes misconduct: Research

ELIZABETH MCARTHUR  |  THURSDAY, 5 SEP 2019
... without proper customer authorisation allegedly just to charge fees and the stories to come out of the Banking Royal Commission in Australia. The authors said these examples all illustrate unethical pro-organisational behaviour. While some unethical ...