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Showing 251 - 260 of 595 results for "Counsel"

Rest restructures senior management

KARREN VERGARA  |  THURSDAY, 29 NOV 2018
... general manager of transformation and technology, Sandra Coleman; chief financial officer, Chris Stevens; and general counsel and company secretary, Paul Howard. Rest confirmed chief operating officer Andrew Howard, who served as interim chief executive ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... currently "urgently sampling" workplace super members prompted by eight breaches identified by the company in October. Senior counsel assisting Michael Hodge asked Wilkins: "Is the risk that AMP faces in relation to this that it may have another fees ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... breaches (despite a legal obligation to do so within 10 days) and blamed the complexity of running a big organisation. Counsel assisting Rowena Orr referenced ASIC's recent investigation into financial institution's breach reporting times, which ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... at the Royal Commission, NAB's plan service fee issue became a focal point of discussion between the bank's chair and counsel assisting Rowena Orr and Commissioner Kenneth Hayne. On the subject of whether NAB should have negotiated with ASIC over the ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... was most likely a failure. Opening the final week of hearings into misconduct in financial services today in Melbourne, counsel assisting Michael Hodge asked Thorburn whether Australia's retail banks had failed by moving into wealth. Thorburn said wealth ...

BEAR should be expanded, ASIC included: Shipton

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... Accountability Regime to senior ASIC staff while being quizzed on the regulator's current governance. After telling Senior Counsel Assisting Rowena Orr that he believes the BEAR should be expanded to also encompass all ASIC regulated entities, Orr referred ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... off! Not reported publicly. - Denise Brailey (@DeniseBrailey) November 21, 2018 Consumer advocate Denise Brailey praised counsel assisting Rowena Orr for revealing the Commonwealth Bank asked former chair David Turner to return 40% of his director's ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... resolutions with financial services firms and flagged litigation could take precedence, the Royal Commission heard. Shipton told counsel assisting Rowena Orr that ASIC has "over-utilised" negotiating outcomes for financial misconduct and in hindsight ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... organisations, with topics such as remuneration and vertical integration up for discussion. CBA chief Matt Comyn faced counsel assisting Rowena Orr over the bank's penchant for rewarding its staff with bonuses based on short term performance, referred ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... framework of banking, and clearly underestimated how much change was going to be required to make that work," Hartzer said. Counsel assisting Michael Hodge quizzed Hartzer - who leads the only major Australian bank not to recently jettison its wealth ...