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Showing 11 - 20 of 126 results for "Counsel Assisting"

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... issues at the Royal Commission earlier this year, with IOOF managing director of distribution Mark Oliver telling counsel assisting Michael Hodge that issues raised by APRA in 2016 were not "material". The Commission heard IOOF left some superannuation ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... actual outcome of the application of those processes and identifying that the outcome is deficient?" senior counsel assisting Michael Hodge asked of Byres. Hodge said it was the same issue with CBA - the framework and policies looked good but the audit ...

Social media reacts to final Royal Commission hearings

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
... close this week, commentators took to twitter to have their say on the commission's outcomes, efforts of counsel assisting and performances of bank executives in the hot seat. #BankingRoyalCommision #bankingRC #BanksRC #ABC730. The Royal Commission ...

Royal Commission: And that is a wrap

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... glimpse into the tireless work of the financial services Royal Commission as Commissioner Kenneth Hayne and counsel assisting Rowena Orr made closing remarks this afternoon. The final day's hearings adjourned at 1.15pm and unlike other rounds, the Commission ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... five months on from the change. Continuing his testimony on the Royal Commission's final day, Byres told senior counsel assisting Michael Hodge that while it had an interim plan to manage breaches by an accountable person at a bank under BEAR, it hadn't ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... meant the executives could take home higher bonuses but had more deferred shares and longer deferred period, counsel assisting Rowena Orr said. Did the new pay structure change behaviour in ANZ's executives, both Orr and Commissioner Kenneth Hayne ...

Miscalculations delay remediation, more issues emerge: AMP

JAMIE WILLIAMSON  |  WEDNESDAY, 28 NOV 2018
... "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 for no service ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... (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 found ...

Should banks fund customer litigation?

HARRISON WORLEY  |  TUESDAY, 27 NOV 2018
... 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 remediation ...

Wealth an unnecessary failure: Thorburn

HARRISON WORLEY  |  MONDAY, 26 NOV 2018
... 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 didn't ...