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Showing 331 - 340 of 516 results for "Powers"

Body needed to monitor adviser competency: FSC

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... demands among the more than 6,000 submissions to the second round of the FSI. Other points of debate are increasing ASIC's powers to immediately ban financial planners that are not providing proper advice, as well as changing disclosure obligations so ...

Market Wrap AM

AAP  |  TUESDAY, 22 JUL 2014
... 4,424.70. All three indices rallied significantly from morning declines that took the S&P 500 as low as 1,965.77. Western powers have ratcheted up the pressure on Russia over the apparent shooting down of a Malaysian passenger jet over rebel-held east ...

Confidence key to financial future: Murray

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  TUESDAY, 15 JUL 2014
... forward. Instead, it suggests increasing the capital requirements for large financial institutions, strengthening regulatory powers and investing more in pre-planning and pre-positioning for financial failure. The inquiry's final report and recommendations ...

FSI asks industry to consider greater ASIC powers

MARK SMITH  |  TUESDAY, 15 JUL 2014
... chairman David Murray, has questioned whether the Australian Securities and Investments Commission (ASIC) requires greater powers to better monitor Australia's financial services industry. In the 460-page interim report released today, the Committee ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... report on the performance of ASIC. However, we appear to have identified similar issues regarding ASIC's mandate, skills, powers and funding model. This is part of a broader point on the importance of active industry supervision and need for strong ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... it is "the best that the Labor party can do in this position to have these matters dealt with." The government has other powers at their disposal that they're just refusing to use," he said. Labor will also seek to disallow the government's amendments ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... of a "systemic problem" within the financial planning sector. Morris said that while he believed the regulator had the powers to halt the bad planning practices it was made aware of but that they are not properly implemented. "The problem is that ASIC ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... financial industry and is a pivot point from where we need to move from." The report requested the government extend ASIC powers so it could immediately suspend a financial planner if there was suspicion that the adviser "engaged in egregious misconduct ...

BNP, US prosecutors near $US9bn settlement

AFP  |  MONDAY, 23 JUN 2014
... of the deal, BNP would plead guilty to a criminal charge of conspiring to violate the International Emergency Economic Powers Act and would face a months-long ban on its ability to make transactions in US dollars, the Journal on Sunday cited people familiar ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... financial products through general advice. The government will also change the Corporations Act to expand its regulatory powers in relation to conflicted remuneration "to put absolutely beyond doubt how serious the government is about not permitting ...