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Showing 401 - 410 of 1022 results for "Financial Institutions"

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
... George Lucas said the high number of risk-averse millennials correlates with the idea of disillusionment in financial institutions. "It is not surprising that they still are reluctant to consolidate their superannuation into one financial institution ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... union agrees wholeheartedly with Treasurer Josh Frydenberg that culture and conduct of Australia's financial institutions has fallen below the expectations and standards of the community. Hayne was right to say greed is the motive behind the sector's ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... of consumers and the most basic standards of honesty. Frydenberg told a press conference that too often, financial institutions have focused on selling products and the culture of greed was embedded in remuneration practices and policies, coupled with ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... leadership. The interim report found that the APRA Information Paper on Remuneration practices at large financial institutions released in April this year didn't put an emphasis on the link between remuneration and the likelihood of misconduct. "Given ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major financial institutions exposed by the Commission: "No matter whether the motive is called 'greed', 'avarice' or 'pursuit of profit' ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... previously notified, MGL has provided for these matters," Macquarie Group said. "Macquarie was one of over 100 financial institutions involved in this market, from which it withdrew in 2012."

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... financial services industry." Many of the breach reporting and consumers compensation delays were due to financial institutions' inadequate systems, procedures and governance processes, as well as a lack of a consumer-orientated culture of escalation. ...

Industry veterans join global commission

DARREN SNYDER  |  MONDAY, 24 SEP 2018
... sector innovation to address modern slavery and human trafficking. Yesterday, the Commission heard how financial institutions can be exposed to modern slavery and human trafficking by inadvertently handling funds associated with these crimes. Traffickers ...

Sargon Capital acquires Decimal

JAMIE WILLIAMSON  |  FRIDAY, 21 SEP 2018
... focus on growth and increasing their understanding of financial matters, Kingston said. "Sargon provides financial institutions and entrepreneurs with the technology and infrastructure that they need to successfully build and grow investment funds and ...

Integrity Life expands senior team

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... Integrity Life underwriting the life insurance component of QBE's consumer credit insurance suite sold via financial institutions.