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Showing 331 - 340 of 1264 results for "CBA"

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its financial results for the six months to 31 December 2018 (1H19) will be impacted from the provisional allocations. ...

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 ...

Two senior hires at Integrity

KARREN VERGARA  |  WEDNESDAY, 5 DEC 2018
... joins Integrity from TAL, where he held the role of head of change finance for the last two years, and prior to this worked at CBA, Westpac and Zurich. Integrity offers group insurance, but will launch its retail product early next year. It is currently ...

CBA investigates possible privacy breach

JAMIE WILLIAMSON  |  MONDAY, 3 DEC 2018
... information of CommInsure claimants accessed by employees in other departments of the bank. As reported by the ABC earlier today, CBA is investigating whether a breach may have occurred internally when medical information provided by customers to CommInsure ...

APRA grilled over superannuation

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... 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 and compliance functions were not alerting or raising issues up. How ...

APRA not clear how to police BEAR breaches

KANIKA SOOD  |  FRIDAY, 30 NOV 2018
... enforcement strategy review that it is undertaking. The Banking Executive Accountability Regime (BEAR) kicked into effect for CBA, NAB, ANZ and Westpac five months ago on July 1. It gives the prudential regulator two main powers: to disqualify an accountable ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
... financial institution's breach reporting times, which found ANZ took significantly longer than the other three major banks. CBA took on average 104 days, NAB took 139 days, while Westpac took 165 days to commence an investigation and lodge a breach ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... Financial Standard readers have decried how banking and financial services executives are remunerated following insight into how CBA remunerated its executives at the financial services Royal Commission. Eighty-nine percent of respondents in our recent ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... Consumers' Centre benefitting from a $1.25 million payment as a result of an Enforceable Undertaking (EU) ASIC entered into with CBA and ANZ following an investigation that found they missold super products. Shipton said the payments aim to "ameliorate" ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... Commission over the actions of their organisations, with 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 ...