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Showing 31 - 40 of 41 results for "Executive Accountability Regime"

Government passes BEAR reform

JAMIE WILLIAMSON  |  THURSDAY, 8 FEB 2018
The Banking Executive Accountability Regime legislation was passed in the Senate yesterday. The legislation aims to incentivise good behaviour and ensure banks and individuals are held accountable for their actions if they fail to meet the expected ...

BEAR has 'teeth': Treasurer

KARREN VERGARA  |  MONDAY, 30 OCT 2017
Bank executives and directors who breach their obligations under the Banking Executive Accountability Regime will face much tougher penalties and consequences, Treasurer Scott Morrison warns. Morrison told the Financial Services Council and BT Political ...

BEAR should apply to insurance bosses: Spot poll

KARREN VERGARA  |  MONDAY, 23 OCT 2017
The Banking and Executive Accountability Regime (BEAR) should be widened to executives of life insurance companies, the latest spot poll results shows. All of the respondents gave a resounding 'yes', with 67% strongly agreeing and 33% agreeing that ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
The Banking Executive Accountability Regime (BEAR) is one step closer to being legislated with the Turnbull Government yesterday referring its Bill to the House of Representatives. Incorporating the Treasury Laws Amendment (Banking Executive Accountability ...

Super changes increasing adviser workload: Financial Standard poll

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... technology," he said. The latest Financial Standard weekly readership survey asks if the Banking and Executive Accountability Regime should extend to life insurance companies..

BEAR cracks down on executive pay

KARREN VERGARA  |  MONDAY, 25 SEP 2017
The Banking Executive Accountability Regime draft legislation could force banks to defer a large portion of executives' remuneration if they breach accountability obligations. The Treasury Laws Amendment (Banking Executive Accountability and Related ...

BEAR regime must extend entire industry: Medcraft

JAMIE WILLIAMSON  |  WEDNESDAY, 13 SEP 2017
... conduct and culture within Australia's big banks is a major problem and the Government's proposed executive accountability regime is a step in the right direction - though it may not go far enough, ASIC chairman Greg Medcraft said. Speaking at a Thomson ...

Broaden ASIC banning powers: Report

KARREN VERGARA  |  THURSDAY, 7 SEP 2017
... a 'game changer' in terms of accountability in financial services and complements the Banking Executive Accountability Regime (BEAR) currently being established. "The [BEAR] will ensure banks and their senior executives and directors are held accountable ...

Advice associations respond to Federal Budget

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2017
... critical and requires professional advice," Kewin said. The association also welcomed the Banking Executive Accountability Regime as a means of strengthening consumer trust. However, the AFA is disappointed no measures were announced to address the financial ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... said further consultation will be required on the Government's final implementation of the Bank Executive Accountability Regime and the Major Bank Levy to ensure they are appropriately targeted and have no unintended economic consequences. "The Government ...