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Showing 231 - 240 of 1021 results for "Financial Institutions"

CBA to pay $7m for overcharged interest

ANNABELLE DICKSON  |  THURSDAY, 8 APR 2021
... the error and found the delay "particularly troubling". As such, ASIC commissioner Sean Hughes said when financial institutions discover overcharging, they must take immediate action to remediate impacted consumers. "Financial services institutions need ...

ASIC sues CBA over monthly fees

ANNABELLE DICKSON  |  THURSDAY, 1 APR 2021
... notified ASIC and lodged its first breach reports in May 2019. "ASIC commenced this proceeding because financial institutions need to have robust compliance systems to meet their obligations to customers," the regulator said. "Financial institutions ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
... and general advice given via a sales campaign, today's judgment will provide clear guidance to those financial institutions that develop campaigns to sell financial products through direct approaches to retail clients." The industry is already gearing ...

Must prepare for demise of LIBOR: RBA

ELIZA BAVIN  |  FRIDAY, 19 MAR 2021
The Reserve Bank of Australia (RBA) has told financial institutions they must be prepared for the "imminent demise" of LIBOR. RBA assistant governor (financial markets) Christopher Kent said as the deadline for LIBOR is fast approaching, financial institutions ...

Chief economist update: Japan to double down on stimulus?

BENJAMIN ONG  |  MONDAY, 15 MAR 2021
It won't be long now until cherry blossoms start blooming in Japan. But just like these blossoms' short-lived wonder, the Land of the Rising Sun's economic recovery through various crises going back to the late 1980s-early 1990s proved to ...

Remediation services profiting from Royal Commission failures

ELIZABETH MCARTHUR  |  THURSDAY, 11 MAR 2021
... a refund from the multi-million-dollar remediation programs being run by all of Australia's largest financial institutions can use Remediator to manage the refund process. However, Remediator's fee is 20% of the refund amount plus GST (charged ...

Ignition Advice enters UK market

ELIZA BAVIN  |  FRIDAY, 26 FEB 2021
... market. "By bringing advisers and their clients together on the one advice platform, we enable our partners, financial institutions, to truly scale their advice propositions," Donohoe said. "With rapid implementation times and great user experiences ...

Financial services eyes gig economy workers

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
... gig economy employees over the next five years, a study from PwC shows. More than half (52%) of the 500 financial institutions surveyed expect to hire more gig-based employees, despite a minority of casual employees (less than 10%) take up the current ...

T. Rowe Price names new executive

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
... taking on the responsibilities of the new position. Arnott has over 12 years' experience at global financial institutions in a range of relationship management roles looking after ultra-high-net-worth and high-net-worth research and intermediary ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... superannuation funds as part of the economics committee's ongoing review into the big banks and other financial institutions in his role of chair. Wilson believes the scrutiny is an important part of ensuring Australia's financial system is working ...