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Showing 151 - 160 of 338 results for "Accountable"

Government opens BEAR extension consultation

HARRISON WORLEY  |  THURSDAY, 23 JAN 2020
... and APRA. Treasurer Josh Frydenberg said the obligations of FAR would make senior financial services executives more accountable for what happens under their watch. "These obligations will ensure that senior executives of these financial entities will ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... in Westpac's risk management framework are identified and addressed and that Westpac and those responsible are held accountable as appropriate." In addition, APRA said it will impose an immediate increase in Westpac's capital requirements of $500 million ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... legal obligations," Rowell said. "However, by imposing additional licence conditions, we are ensuring Avanteos is held accountable, and that any ongoing weaknesses in governance or internal controls are identified and remedied. That is especially important ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... its affairs with skill and diligence and cooperate with APRA, as well as a second set of obligations that relate to "accountable persons"; ensuring the liability of senior executives. "There are various people designated by Westpac under the act as accountable ...

Update on FASEA code guidance on the way

ELIZABETH MCARTHUR  |  FRIDAY, 29 NOV 2019
... as they can but they are not the ones who will ever enforce one standard of the code or hold one financial planner accountable to the code. "Therefore their interpretation of the code becomes almost irrelevant once this thing really goes live." Glenfield ...

FASEA compliance has silver lining

KANIKA SOOD  |  FRIDAY, 29 NOV 2019
... code applies to practitioners, not licensees. "You want to be able to protect yourself by holding them [licensees] accountable to high standards."

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... taking over as acting chief executive from December 2. Hartzer said: "As chief executive I accept that I am ultimately accountable for everything that happens at the bank. And it is clear that we have fallen well short of what the community expects of ...

How personality tests add value in advice

ELIZABETH MCARTHUR  |  THURSDAY, 21 NOV 2019
... to rest and reflect is your last priority then we can work out how to put that into your calendar. We can hold you accountable." Scifo and Goldberg's particular breed of personality testing is a customised version of the objective personality typing ...

ASIC to survey whistleblower policies

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
... wrongdoing and by deterring people from doing the wrong thing. "They play a crucial role in achieving a more fair and accountable corporate environment." In addition, ASIC said it is granting relief to public not-for-profit companies or charities with ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... financial services sector identified by the Hayne Royal Commission, it is important that financial institutions are held accountable and to ensure that they make the crucial improvements needed to start restoring trust in our financial institutions." ...