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Showing 31 - 40 of 42 results for %22James Shipton%22

Post Royal Commission change is all talk: Shipton

JAMIE WILLIAMSON  |  MONDAY, 22 OCT 2018
... experiencing deliberate delays from financial institutions in meeting reporting requirements. On Friday, ASIC chair James Shipton told the Parliamentary Joint Committee on Corporations and Financial Services that the regulator is still experiencing "slow ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... was recently given a $70 million funding boost and second deputy chair in Daniel Crennan. Together with ASIC chair James Shipton, Frydenberg said they are working on a turnaround strategy on enforcement and compliance. What is not clear from the report ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... legislation, the premise is more likely to be that the conduct will be harmful to the economy generally." ASIC chair James Shipton responded to the interim report in a statement stating ASIC welcomed the report and acknowledged the Commission's work ...

ASIC slams unacceptable reporting breaches

KARREN VERGARA  |  WEDNESDAY, 26 SEP 2018
... financial groups, consumers due to be compensated were out of pocket for almost six years (2145 days). ASIC chair James Shipton said the findings are a "sad indictment on the financial services industry." Many of the breach reporting and consumers compensation ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... are at high risk of buying cover that they do not want or that is not right for them," the report said. ASIC chair James Shipton commented: "Aggressive selling practices and products that don't pay out when consumers expect undermine trust in the industry. ...

Government introduces financial literacy strategy

KARREN VERGARA  |  WEDNESDAY, 22 AUG 2018
... Strategy comes off the back of ASIC's national financial literacy initiatives between 2014 and 2017. ASIC chair James Shipton said: "ASIC is committed to financial inclusion and better outcomes for all Australians. People are at the heart of the financial ...

Fees for no service remediation passes $250 million

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... of plan service fees to super members and whether these fees constituted fees for no service. In May, ASIC chair James Shipton said there will be more consumer compensation to come over fees for no service. He also alluded to the regulator implementing ...

Banks take 1500 days to identify breaches: ASIC

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
Big banking groups are taking an average of 1500 days to internally identify breaches in conduct, ASIC chair James Shipton said in his address at the FSC Summit in Melbourne today. And this is only the first step in the reporting the breach to ASIC ...

ASIC not to blame for trust deficit: Shipton

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
ASIC chair James Shipton rejects suggestions that historic inaction by the regulator contributed to the significant trust deficit present in Australia's financial services industry. Appearing before the House of Representatives Standing Committee on ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... ASIC admitted they were not surprised by the revelations about AMP publicised via the Royal Commission. ASIC chair James Shipton said the issues raised at the Royal Commission are the exact issues the regulator has been investigating for some time now. ...