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Showing 21 - 30 of 126 results for "Counsel Assisting"

BEAR should be expanded, ASIC included: Shipton

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... Regime to senior ASIC staff while being quizzed on the regulator's current governance. After telling Senior Counsel Assisting Rowena Orr that he believes the BEAR should be expanded to also encompass all ASIC regulated entities, Orr referred to the UK ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... reported publicly. - Denise Brailey (@DeniseBrailey) November 21, 2018 Consumer advocate Denise Brailey praised counsel assisting Rowena Orr for revealing the Commonwealth Bank asked former chair David Turner to return 40% of his director's fees. ASIC ...

Royal Commission: ASIC rethinks negotiation tactics

KARREN VERGARA  |  FRIDAY, 23 NOV 2018
... financial services firms and flagged litigation could take precedence, the Royal Commission heard. Shipton told counsel assisting Rowena Orr that ASIC has "over-utilised" negotiating outcomes for financial misconduct and in hindsight should have run ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... 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 based on short term performance, referred ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... banking, and clearly underestimated how much change was going to be required to make that work," Hartzer said. Counsel assisting Michael Hodge quizzed Hartzer - who leads the only major Australian bank not to recently jettison its wealth management arm ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
... 62nd day of the Royal Commission's hearings, Commonwealth Bank's chair Catherine Livingstone agreed to senior counsel assisting Rowena Orr's suggestion that the information received by the remuneration committee was inadequate in accurately deciding ...

Comyn promises personal accountability

KARREN VERGARA  |  TUESDAY, 20 NOV 2018
... outcomes, including fees for no service and outdated medical definition issues. Under his watch, Comyn told counsel assisting Rowena Orr that he will be personally accountable for the actions of the bank going forward and iterated that customer outcomes ...

Apologies are over: Royal Commission looks to future

HARRISON WORLEY  |  MONDAY, 19 NOV 2018
... companies how to prevent this same misconduct ever happening again. Making her opening statement this morning, counsel assisting Rowena Orr said the Royal Commission's seventh round of hearings would focus on understanding why misconduct has occurred ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... were process errors and rejected suggestions it failed to previously report the error. AMP also objected to counsel assisting's findings that the wealth manager may have engaged in misconduct by authorising the deduction of premiums from members' accounts ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... He urged the regulators to enforce the laws at their disposal as well as the penalties. In the fifth round, counsel assisting Michael Hodge cast serious doubts over the ability of APRA and ASIC to effectively regulate the superannuation industry, questioning ...