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Showing 221 - 230 of 539 results for "Supervision"

YBR overhauls wealth arm

KARREN VERGARA  |  FRIDAY, 17 MAY 2019
Yellow Brick Road is restructuring its wealth business that will result in job cuts under the supervision of chair Mark Bouris. Its chief executive will also step down. YBR's board announced overnight it will commence to dispose, outsource or restructure ...

Former Kaz Capital adviser banned

ELIZABETH MCARTHUR  |  FRIDAY, 17 MAY 2019
... licence conditions: "Licensees must have an adequate and appropriate compliance framework to govern the monitoring and supervision of their representatives. We expect all licensees to comply with this and will monitor their compliance closely." Cornford ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
... processes, simplify products and address compliance obligations, as they prepare for more intensive levels of regulatory supervision and enforcement from APRA and ASIC. It has also revealed issues in their back books." Dring explained while cash earnings ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... uncooperative institutions," he said. "What will not change, however, is APRA's role as a safety regulator focused on supervision, with prevention as our primary goal." Byres also noted the cases referred to the prudential regulator by Commissioner ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... meet their best interests obligations," the regulator said. "ASIC expects to see improvements in the standards of supervision, conduct and compliance across the financial advice industry, and the imposition of additional licence conditions is part of ...

Major advice licensee in possible best interest breach

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... has had additional licence conditions imposed after ASIC surveillance spurred concerns the licensee had inadequate supervision processes in place to ensure advice provided by its representatives was in the best interests of clients. According to Rainmaker ...

Kelaher to leave IOOF

ELIZABETH MCARTHUR  |  THURSDAY, 4 APR 2019
... Kelaher. APRA singled out Kelaher as an executive whose actions were not in accordance with the Superannuation Industry (Supervision) Act, describing him as someone who "demonstrated a failure to understand the covenants under the SIS Act and obligations ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... the regulators were able to expand their capabilities and deliver on their new responsibilities and enforcement and supervision approaches. The statement also said the Government would assess whether industry had implemented the Commission's recommendations ...

Regulators unite for life insurance transparency

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
... publication complemented each other, and added the joint data initiative would allow both regulators to "support stronger supervision of insurers." "The online tool compares insurers on four metrics - the percentage of claims accepted, the length of ...

APRA warns trustees on expectations

ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... their members into the future." "APRA will be ensuring this occurs through our various entity-specific and thematic supervision activities, and holding the industry to account through enhanced transparency measures." The letter to trustees included an ...