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Showing 2521 - 2530 of 6264 results for "DET"

ASIC finalises EU with HSBC

KARREN VERGARA  |  FRIDAY, 22 FEB 2019
ASIC has completed an enforceable undertaking with HSBC Bank Australia and is satisfied the bank met all requirements. HSBC entered the court enforceable undertaking with ASIC on 13 May 2016. The regulator was concerned HSBC provided "potentially deficient ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
Of the 28 funds identified by APRA as candidates for merger in the last 12 months, at least 13 have moved to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation ...

ASIC flags post-RC criminal prosecutions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
The corporate regulator is anticipating a number of criminal actions to stem from its investigations into misconduct revealed at the financial services Royal Commission. Providing an update on its enforcement work in relation to the Royal Commission ...

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
A Gold Coast accountant has been banned from providing financial services for three years, after agreeing to a court enforceable undertaking with ASIC. Jenan Oslem Thorne - who also goes by the names Cenan Thorne or Cenan Dikmen - was found by the corporate ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
IOOF's bottom line will take a hit from the newly legislated Protecting Your Super package and the proposed removal of grandfathered commissions. Acting chief executive Renato Mota and chief financial officer David Coulter told an investor briefing ...

ASIC appeals Westpac Federal Court decision

JAMIE WILLIAMSON  |  MONDAY, 18 FEB 2019
The corporate regulator is appealing last year's landmark Federal Court decision, determined to prove two Westpac subsidiaries provided personal financial advice despite not being licensed to do so. In December 2018, Justice Jacqueline Gleeson determined ...

J.P. Morgan introduces digital currency for instos

JAMIE WILLIAMSON  |  FRIDAY, 15 FEB 2019
J.P. Morgan is launching its own digital currency to harness the benefits offered by blockchain. The largest bank in the US is getting ready to roll out JPM Coin, representative of a fiat currency and designed to make instantaneous payments between ...

MGP chief executive departs

KARREN VERGARA  |  FRIDAY, 15 FEB 2019
Managed Accounts Holdings announced its chief executive will leave on "mutual" terms. David Heather will exit the MGP Group on 10 May 2019 after four years in the top job. MGP said in a statement that Heather "leaves by mutual agreement as the company ...

Netflix-style shopping for funds

KANIKA SOOD  |  TUESDAY, 12 FEB 2019
A former member of Macquarie's insto equities sales team is launching a new platform which ultimately aims to offer a Netflix-style shopping experience to financial advisers and clients. Forum 360 has been working for two years to build the prototype ...

Former Macquarie advisers have bans reduced

JAMIE WILLIAMSON  |  TUESDAY, 12 FEB 2019
Two former Macquarie financial advisers that were banned for 10 years for falsifying client records have had their penalties substantially reduced by the Administrative Appeals Tribunal. Mark Alexander Landau and Marcus Roderick Campbell were banned ...