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Showing 261 - 270 of 515 results for "Powers"

Super needs greater oversight from APRA: Poll

KARREN VERGARA  |  MONDAY, 30 OCT 2017
APRA should have greater powers to control and intervene in the superannuation industry, the latest spot poll results shows. More than half (58%) of respondents said APRA should have increased powers to improve board governance and risk management practices ...

White-collar crime penalties to skyrocket

KARREN VERGARA  |  TUESDAY, 24 OCT 2017
... lengthy prison time for financial services corporations and employees guilty of misconduct, a review of its enforcement powers has found. The final paper of the Financial System Inquiry (FSI) is urging the Federal Government to give ASIC "stronger regulatory ...

BEAR should apply to insurance bosses: Spot poll

KARREN VERGARA  |  MONDAY, 23 OCT 2017
... customers," Morrison said The latest Financial Standard weekly readership survey asks if APRA should have greater intervening powers in superannuation.

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
... would adversely affect the bank's reputation or hurt its customers," he said. In addition, the Government has boosted the powers of regulators so they can keep the system operating at the highest standards, Morrison added. This means empowering APRA ...

APRA pushes for greater control over super

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2017
APRA is calling on the Senate to increase its regulatory powers to help improve superannuation governance, transparency and member outcomes. APRA deputy chair Helen Rowell told the Senate Economics Legislation Committee aiming to address weaknesses ...

Asset managers must work on unique value

JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... offering asset allocations consisting entirely of their own underlying strategies, with Cerulli senior analyst Brendan Powers saying asset managers are looking to differentiate themselves in the wake of commoditisation and platform consolidation. "Asset ...

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
... (or 60% of variable remuneration, whichever is less) for up to four years. The bill also proposes APRA to have greater powers to investigate and disqualify senior executives; it may seek civil penalties of up to one million penalty units if an ADI breaches ...

Superannuation gets another makeover

EMMA RAPAPORT  |  FRIDAY, 15 SEP 2017
... unscrupulous employers to short-change workers of their full superannuation guarantee entitlements will also be closed. APRA's powers to regulate funds will be strengthened, enabling the regulator to take preventative or corrective action where they ...

Broaden ASIC banning powers: Report

KARREN VERGARA  |  THURSDAY, 7 SEP 2017
... recommendation the ASIC Enforcement Review Taskforce flagged in its sixth report aiming to reform the regulator's banning powers of individuals working in the financial services and credit sectors. ASIC can currently prevent individuals from providing ...

Government funds ATO superannuation taskforce

DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... of taxation and superannuation obligations. The reforms are also set to improve the effectiveness of the ATO's recovery powers, including strengthening director penalty notices and use of security bonds for high-risk employers, to ensure that unpaid ...