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Showing 11 - 20 of 21 results for "Poor culture"

Three AMP directors step down

ALEX BURKE  |  TUESDAY, 8 MAY 2018
... change is required at the company. This must extend to further board renewal. Investors need reassurance that the poor culture and governance practices exposed at the Royal Commission have been banished and new perspectives installed," ACSI chief executive ...

Banks put revenue above quality advice: FSU

ALEX BURKE  |  MONDAY, 16 APR 2018
... sector isn't via piecemeal reform, committees or self-regulation, but a Royal Commission that "goes to the heart of poor culture." Follow Financial Standard for ongoing coverage of the financial services Royal Commission: NAB details serious compliance ...

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... sector isn't via piecemeal reform, committees or self-regulation, but a Royal Commission that "goes to the heart of poor culture." Citi analysts expressed a "no buy ratings across the major banks." The banks have clearly been a focus of the government ...

Direct life insurance review underway: ASIC

KARREN VERGARA  |  FRIDAY, 28 JUL 2017
... review cultures within firms." ASIC is not looking to regulate a firms' culture, Saadat noted, but understands that poor culture can drive behaviour and consequently poor consumer outcomes. Insurers will need to demonstrate how it sets performance benchmarks ...

Good financial advice a challenge: ASIC

KERRIE SYDEE  |  FRIDAY, 2 SEP 2016
... areas that pose the highest risks to trust and confidence. In particular this includes gatekeeper culture driving poor culture within the financial advice, credit, insurance and superannuation sectors. Key target areas include reward and incentive structures ...

Economic Wrap

ALEX DUNNIN  |  WEDNESDAY, 27 JUL 2016
... demand even higher interest rates before purchasing new debt." While the report was not a direct swipe at Australia's poor culture of fiscal discipline, the report nevertheless fires a shot over the bow of governments that are not taking their fiscal ...

ASIC puts culture top of mind

KERRIE SYDEE  |  WEDNESDAY, 22 JUN 2016
... services industry, focusing on culture was integral to detecting early warning signs of bad behaviour and misconduct. "Poor culture often leads to poor outcomes for investors and consumers, impacts on the integrity of the Australian financial markets ...

ACE forced to pay $1m for poor Combined sales culture

MARK SMITH  |  FRIDAY, 26 FEB 2016
... investigation also focussed on allegations of systemic failures within the Combined Insurance division including poor culture and failure to ensure consumers were given appropriate advice. ACE admitted that there had been contraventions of the Corporations ...

CFAs told ASIC is for the consumer

DARREN SNYDER  |  WEDNESDAY, 14 OCT 2015
... customer first culture," Medcraft said. "We care about culture because there is often a strong connection between poor culture and poor conduct. We consider it to be a key risk area with respect to our role as a conduct regulator, as it often is a red ...

No industry is immune from poor culture risk: ASIC

STAFF WRITER  |  TUESDAY, 22 SEP 2015
There are currently no sectors in the financial services industry immune from the risk of cultivating a poor culture, the Australian Securities and Investments Commission (ASIC) commissioner John Price said. Speaking at the 2015 Customer Owned Banking ...