Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 171 - 180 of 338 results for "Accountable"

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... industry, policy and functional responsibilities. Further, the panel wants APRA to increase transparency and hold staff accountable for the timeliness of approvals and other commercially-important decisions for regulated entities. "In addition, APRA ...

YouTube fundie woes continue

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 JUN 2019
... outsourcing investment decisions and asset management to Woodford Investment Management. As such it is the entity accountable to the FCA. Andrew Bailey, chief executive of the FCA, wrote to UK MP Nicky Morgan confirming the FCA has opened a formal investigation ...

Retail clients win under new ASIC powers: Lawyers

KARREN VERGARA  |  TUESDAY, 28 MAY 2019
... power gives ASIC a powerful weapon in its enforcement armoury. It also gives ASIC a new risk - that of being held accountable for products that have caused consumer loss where ASIC failed to prevent the issue of that product," they said.

APRA flexes new muscles

HARRISON WORLEY  |  WEDNESDAY, 22 MAY 2019
... regulator recognised IOOF has made progress towards meeting its license conditions, but said the group needed to be held accountable for the "timely implementation of the conditions", to ensure its organisational structure, governance and conflict management ...

Push for chief executive pay ratio disclosure

ELIZABETH MCARTHUR  |  MONDAY, 29 APR 2019
... and for boards to be elected annually. ACSI is calling for a corporate governance framework that will hold companies accountable for conduct that harms investors and the community. In line with this, ACSI believes companies should be required to disclose ...

HESTA joins ESG social media fight

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... provide excuses on these issues - like other large organisations that operate in the real world, they need to be held accountable for high standards of safety." The coalition of funds says it wants accountability from social media companies and prove ...

Fire drills needed to meet APRA standards

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... Howard says that APRA's new information security standard stipulates that APRA regulated entities need to hold boards accountable for cyber and information security. Speaking to Financial Standard, Howard explained that the new standard presents a broad ...

FPA shuffles CRC leadership

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... chair," Broome said. "The FPA's Code of Professional Conduct continues to play an important part in holding members accountable for misconduct, and provides significant benefits for consumer protection. "We would like to thank Graham for his important ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... entities, with a strong focus on underperforming super funds. Frydenberg said the extra funding will ensure a strong, and accountable financial services industry. "The additional funding for ASIC will ensure it has the resources it needs to perform its ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
... at NAB. "It includes how we compensate customers when we get it wrong; how we pay our people; how we hold ourselves accountable for running the bank and; how we build a culture that puts customers first every time." Specifically, the bank disagrees APRA ...