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Showing 441 - 450 of 1075 results for "Commissioner"

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... the committees Australia's banks should be able to return to the model in the future, should they wish to. Despite Commissioner Kenneth Hayne specifically recommending against it, Hanson's bill would force Australia's banks to jettison the vertical integration ...

ASIC approves AMP for MDAs

HARRISON WORLEY  |  TUESDAY, 9 APR 2019
... to renew their authority to provide MDA services it had worked constructively with the corporate regulator. ASIC commissioner Danielle Press said ASIC is expecting improvements across the advice industry, and additional license conditions were part of ...

Financial advice exit a boon for the industry: Poll

KARREN VERGARA  |  MONDAY, 8 APR 2019
... reposition BT Financial Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration. Hayne said the forced separation of financial advice and ...

Poor governance spurs calls for directorship caps

JAMIE WILLIAMSON  |  MONDAY, 8 APR 2019
... release of the Royal Commission final report, the Governance Institute of Australia chief executive Megan Motto said: "Commissioner Hayne and his team is right to highlight the important role of leadership embedding an ethical culture from the top down." ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... compliance with the best interests duty. He added the new law was another example of the Government taking action on Commissioner Kenneth Hayne's final recommendations. This includes Recommendation 3.6, which extends civil penalties to superannuation ...

AMP overhauls wealth leadership

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2019
... of additional licence conditions is part of ongoing efforts to make our expectations clear to AFS licensees," ASIC commissioner Danielle Press said. "ASIC will impose licence conditions based on what an applicant is seeking authorisation for, what we ...

Budget: RC response to cost over $600m

HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... allocated to the new independent authority set to oversee their conduct over the next three years, as recommended by Commissioner Kenneth Hayne. The Budget also reveals APRA's capability review - which Hayne insisted the Government carry out "as soon ...

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining ...

Regulators unite for life insurance transparency

HARRISON WORLEY  |  FRIDAY, 29 MAR 2019
... supervisors who will use them to gain deeper insights into the performance of the life insurers they oversee." ASIC commissioner Sean Hughes said both the online tool and APRA's data publication complemented each other, and added the joint data initiative ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...