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Showing 411 - 420 of 475 results for "Remediation"

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
... transparency of its processes in assessing and granting a banking licence." Other recommendations focused on compliance and remediation, the biggest of which was saying the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation ...

ASIC bans Brisbane life adviser

KERRIE SYDEE  |  FRIDAY, 4 NOV 2016
... Affinia and the identification of these concerns, Affinia reviewed all advice provided by Young and implemented a remediation program for affected clients.

Gender inequality still the elephant in the room

KERRIE SYDEE  |  FRIDAY, 21 OCT 2016
... those results by gender and individual business unit to quickly see where the pain points are and develop specific remediation strategies to foster accountability, inclusive leadership training and sponsorship of high performing talent. "What I tend ...

Narev points to GFC for bank dissatisfaction

JAMIE WILLIAMSON  |  WEDNESDAY, 19 OCT 2016
... this month's parliamentary committee, Narev told delegates that as part of this strategy they will hear more about remediation and "some of the amounts you might hear will be significant amounts", but they should be seen as a sign of regulators and the ...

ASIC accepts EU from Perth advice firm

ALEX BURKE  |  TUESDAY, 13 SEP 2016
... were "inadequate," and that risks were not properly identified. The regulator also criticised the firm's audit and remediation programs, which it described as "not timely [or] effective in identifying remediating advice conduct and deficiencies", and ...

ANZ to refund millions in unlawfully charged fees

JAMIE WILLIAMSON  |  TUESDAY, 6 SEP 2016
... manage the cost of their banking." ANZ has initiated contact with those customers who will be reimbursed, expecting the remediation process to be complete by the end of the month. The bank has also amended its terms and conditions to clarify instances ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... recognised the assistance and cooperation of My Adviser with the investigation and that My Adviser had commenced paying remediation to clients of Arion. More than $2 million has been paid to date. ASIC commissioner Greg Tanzer said: "All licensees must ...

CBA EGM becomes customer advocate chief

DARREN SNYDER  |  MONDAY, 15 AUG 2016
Commonwealth Bank executive general manager customer advocacy and remediation, Dr Brendan French, will head the bank's customer advocate arm. CBA said the role and customer advocacy function will strengthen the firm's accountability for fair customer ...

ASIC drops Macquarie AFSL conditions

KERRIE SYDEE  |  FRIDAY, 1 JUL 2016
... behaviours. "It is one that responds to breaches or other compliance issues promptly and appropriately, including relevant remediation action as required. We consider that the manner in which Macquarie is currently applying Macquarie's framework, supports ...

ASIC orders HSBC remediation plan for "deficient" advice

ALEX BURKE  |  TUESDAY, 17 MAY 2016
... information about clients' relevant personal circumstances," according to ASIC. As a result of the EU, HSBC will implement a remediation plan for affected clients; develop an assessment plan to determine whether this kind of advice affected clients invested ...