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Showing 151 - 160 of 346 results for "Final Report"

Royal Commission will worsen credit crunch: Poll

KARREN VERGARA  |  TUESDAY, 12 FEB 2019
... Financial Standard 's latest spot poll shows. The majority of respondents (64%) agreed Commissioner Hayne's final report, which was released on February 4, will have the unintended consequences of making it tougher to obtain finance. About one-in-four ...

Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... Account. Commenting on NAB's executive leadership shakeup after the financial services Royal Commission's final report, Costello said the bank's leadership has responded appropriately and shown responsibility for the bank's actions. "Normally ...

NAB wealth exit delayed

HARRISON WORLEY  |  FRIDAY, 8 FEB 2019
... was yet to arrive about the proposed legislative changes resulting from the recommendations of the Royal Commission final report, the current regulatory and operating environment for wealth business was tough. "A delay of the intended public markets ...

NAB chief executive and chair exit

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... acknowledges the bank has "sustained damage" as a result of past practices and comments made in the Royal Commission's final report about them. Commissioner Kenneth Hayne lambasted the leadership of Thorburn and Henry, believing they have not learned ...

NAB calls trading halt

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... commencement of trade on February 8, or when the announcement is released to the market. The bank was singled out in the final report of the Royal Commission released on February 4. Commissioner Kenneth Hayne criticised the leadership of chief executive ...

AFCA appoints new ombudsman

DARREN SNYDER  |  THURSDAY, 7 FEB 2019
... chief executive and chief ombudsman David Locke said: "AFCA recognises the importance of small businesses and the final report from the Hayne Royal Commission clearly demonstrates how devastating it can be when they have financial disputes that are not ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... when dealing with legacy products, including sometimes quite substantial system costs." Finally, Trapnell said the final report gives advisers certainty on how they can move forward in their profession after many years of upheaval. He said he was particularly ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... customers on package fees, and interest and remediation. CBA's stock jumped on Tuesday, as the Royal Commission's final report delivered after market close on Monday stayed away from recommending an end to vertical integration.

APRA could oversee stalled super fund mergers

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... addressing a stalled merger would be an appropriate use of such a power," Commissioner Kenneth Hayne said in his final report. The SIS Act asks that trustees of any responsible entity that offers a MySuper product must conduct an annual scale assessment ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... policy and professionalism Phil Anderson believes the timeline is problematic. Responding to the Royal Commission's final report, Treasurer Josh Frydenberg announced payment of grandfathered commissions will be banned as of 1 January 2021. "This is not ...