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Showing 371 - 380 of 557 results for "Supervision"

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... 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, independent and accountable regulators. Flowing from these observations, the interim report canvasses ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
... ongoing advice reviews, upfront advice, customer satisfaction and compliance. CBA has so far spent $25 million in the "supervision and monitoring of advisers." This includes online document storage and a system which shows all adviser activity, including ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... at CBA. "The people still working here are not giving bad advice," he noted, and added that they are "in constant supervision and monitoring to make sure that they are delivering good advice to clients." Narev avoided saying how many customers could ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... undergone structural, cultural and management changes, with the introduction of new robust systems and processes for the supervision and monitoring of advisers," the bank argued. Read the full Senate Economics Committee report into ASIC here Read all ...

APRA announces draft 2014-15 supervisory levies

ALEX DUNNIN  |  TUESDAY, 27 MAY 2014
... The Australian Prudential Regulation Authority (APRA) and Treasury have issued a discussion paper on the proposed supervision levies they wish to impose on financial entities for next financial year. In the paper APRA said it needs to raise $117 million ...

Queensland advice firm falls foul of regulator

MARK SMITH  |  THURSDAY, 15 MAY 2014
... ASIC deputy chairman Peter Kell said. Under the enforceable undertaking, LCL Capital will face a 15 month regime of supervision, review and audit of their authorised representatives by an ASIC approved, independent senior financial planning expert. This ...

CommInsure launches tailored SMSF insurance product

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... version of its Total Care Plan Super product, updated to meet the new requirements in the Superannuation Industry (Supervision) Act (SIS Act), which come in to force on 1 July this year. One of its central features is 'Split TPD', whereby policyholders ...

CBA promoted Nguyen to keep him away from clients

LAURA MILLAN  |  THURSDAY, 10 APR 2014
... included accusations of alleged forgery and fraud. "He was also relocated to Chatswood, where he would be under closer supervision of his manager," she explained, and added that "clearly that was the wrong decision under the view of the investigative ...

ASFA and AIST push for tighter regulation of SMSFs

JAMES FERNYHOUGH  |  WEDNESDAY, 2 APR 2014
... of recognition is of itself a failing of the system," the submission stated, adding: "AIST is not calling for the supervision of SMSFs by APRA. This would also involve great transition risk. It also would not acknowledge the high level of skills and ...

APRA gets Basel III tick

JAMES FERNYHOUGH  |  WEDNESDAY, 19 MAR 2014
The Basel Committee on Banking Supervision has graded Australia's capital regulation framework as 'Compliant' with the Basel III standards. Australia's is the eighth regulatory framework to be graded by the Basel Committee. Others include the United ...