Search ResultsShowing 11 - 20 of 100+ results for "Westpac"
APRA joins in on Westpac scrutiny
ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...
Chief economist update: Has the Fed conquered the yield curve?
BENJAMIN ONG  |  THURSDAY, 12 DEC 2019
... prospect of a resumption of hikes in interest rates by 2021 (as per the December dot plot). This isn't a good look for Westpac chief economist Bill Evans and his team. In their "Westpac Market Outlook December 2019 & January 2020" report released ...
Westpac directors slammed
ALLY SELBY  |  THURSDAY, 12 DEC 2019
Social enterprise Women on Boards has demanded that more heads roll, ahead of Westpac's AGM in Sydney today. Ruth Medd, who co-founded Women on Boards, made the remarks as a long-term shareholder in Westpac and experienced chair and non-executive director. ...
Thousands exit Westpac raise
HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
More than 3300 Westpac investors decided to exit the bank's recent share placement plan, taking close to $70 million with them. Westpac has smashed through its target of $500 million on its way to raising $770 million of investor capital, and the big ...
Culture index launched
ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... on organisational culture was the major contributing factor to the types of failings witnessed at organisations like Westpac and AMP. "It's universally acknowledged that transparency is the greatest regulator. The notion of transparency pivots thinking ...
ASIC takes action against former AMP adviser
HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... Portfolio, which sees ASIC investigate the potential failings of Australia's six largest financial institutions: NAB, Westpac, CBA, ANZ, Macquarie and AMP.
Regulators circle as scandal engulfs Westpac
ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
APRA has put Westpac on notice; warning the disgraced bank could face fines and disqualification of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the ...
Enforcement appetite is working: APRA
ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... take enforcement action. Our enforcement appetite is working." Byres also told the committee that it is important, while Westpac is receiving a lot of negative attention, to not lose sight of other issues which are important for delivering a resilient ...
Industry fund for coal miners on ESG journey
ELIZABETH MCARTHUR  |  MONDAY, 2 DEC 2019
... governance following the Royal Commission. The question prompted the panel to discuss AUSTRAC's recent claim that Westpac breached anti-money laundering laws 23 million times. Thomas explained it was particularly disappointing for her and her clients ...
AFSLs show widespread non-compliance: ASIC
ELIZA BAVIN, JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2019
... robustness of their compliance measures. AFS licensees that are or were part of the AMP, ANZ, CBA, Macquarie, NAB and Westpac financial services groups were not included in the review. "This was because we were already looking at the conduct of these ...
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