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Showing 11 - 20 of 54 results for "Counsel Assisting Rowena Orr"

Should banks fund customer litigation?

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

BEAR should be expanded, ASIC included: Shipton

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... 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 to the UK Financial ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... 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 fees. ASIC head Shipton ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... 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 should have run remediation ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... 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 to in Monday's ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
... the Royal Commission's hearings, Commonwealth Bank's chair Catherine Livingstone agreed to senior counsel assisting Rowena Orr's suggestion that the information received by the remuneration committee was inadequate in accurately deciding the variable ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... including fees for no service and outdated medical definition issues. Under his watch, Comyn told counsel assisting Rowena Orr that he will be personally accountable for the actions of the bank going forward and iterated that customer outcomes will be ...

Apologies are over: Royal Commission looks to future

HARRISON WORLEY  |  MONDAY, 19 NOV 2018
... to prevent this same misconduct ever happening again. Making her opening statement this morning, counsel assisting Rowena Orr said the Royal Commission's seventh round of hearings would focus on understanding why misconduct has occurred, and what ...

CommInsure, TAL engaged in troubling conduct: Royal Commission

KARREN VERGARA  |  MONDAY, 24 SEP 2018
... its jurisdiction and failed to provide information requested that breached FOS' terms of reference, counsel assisting Rowena Orr said. In a second case study of a claimant who suffered from breast cancer, CBA also failed to respond to FOS within the ...

Give life code a chance, Loane tells Royal Commission

HARRISON WORLEY  |  FRIDAY, 21 SEP 2018
... life insurance code to be given a chance to have an effect before statutory obligations be enforced. Counsel assisting Rowena Orr asked Loane if the FSC considered it problematic that Australia's corporate regulator did not have the power to enforce ...