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Showing 11 - 20 of 110 results for %22CBA Inquiry%22

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... too greatly. "Taking into account developments such as the BEAR regime, the Royal Commission, the learnings from the CBA Inquiry - and the fact we have had new powers given to us - we plan to set out a new approach to enforcement that will see us utilising ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... standards more generally; again this will be in light of what we have learned through our supervisory activity, through the CBA prudential inquiry and the findings of the Royal Commission," Brennan said. The APRA executive added that a 10-year post-GFC ...

APRA sets sights on 2019 targets

HARRISON WORLEY  |  FRIDAY, 1 MAR 2019
... stability remain at the core of APRA's objectives. But APRA's Prudential Inquiry into Commonwealth Bank of Australia (CBA) highlighted the importance of not just having a healthy balance sheet, but also strong governance, a sound culture, appropriate ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... Bank said the Royal Commission had been valuable for all stakeholders in the financial services industry, and would result in CBA becoming a better bank. CBA chief executive Matt Comyn was praised by Hayne in the report, with the Commissioner noting ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... the meeting, made or received the telephone call, or initiated the [inquiry]." He pointed to the attempts made by ANZ and CBA to sell superannuation in bank branches under a general advice scenario - which "may have contravened the law." He echoed the ...

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... are satisfactory. It was only in August 2017 that APRA set a precedent and decided to establish a prudential inquiry into CBA despite knowing about the group's deficiencies in governance, culture and accountability for some time, Hayne said. APRA ...

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
An independent review of CBA's remediation action plan says the bank has satisfactorily hit just one of its 153 milestones as at August end, but is showing evidence of commitment. CBA was required to put together a remediation action plan after APRA ...

Royal Commission revisits fees for no service

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Commission's fifth round, which kicked off in Melbourne this morning, Senior Counsel Assisting Michael Hodge said AMP, CBA, IOOF, ANZ and StatePlus Super have admitted to engaging in miscount or possible misconduct with respect to advice fees in ...

AMP adds legal expert to board

KARREN VERGARA  |  TUESDAY, 12 JUN 2018
... changes to AMP's board following its appearance at the Royal Commission. Financial System Inquiry overseer and former CBA chief executive David Murray replaces Brenner in July. Three directors, Patty Akopiantz, Vanessa Wallace and Holly Kramer recently ...

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...