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Showing 5111 - 5120 of 14213 results for "Interest"

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
The Finance Sector Union has welcomed the release of Commissioner Hayne's interim report, labeling it an important first step in reforming the financial services industry. FSU national secretary Julia Angrisano said the union agrees wholeheartedly ...

Interim report dotted with questions

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
What is to gain from passing new law? That's one of many questions that dotted Commissioner Kenneth Hayne executive summary for the Banking Royal Commission's final report. Hayne boiled down his 643-word summary to two questions: Why did it ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
The industry's remuneration practices and policies played a major role in the banking misconduct uncovered by the Royal Commission Inquiry, the interim report found. Governance and risk management practices failed to prevent the misconduct where ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... products above others, even where they may not be ideal for the consumer," the report reads. Discussing conflicts of interest, Hayne said where an adviser "is employed by, or aligned with and acts on behalf of, a principal who manufactures or sells financial ...

Royal Commission interim report released

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
Passing new law to deter financial services companies from erring again would add an extra layer of complexity to an already complex regulatory regime, the Royal Commission has said in its interim report released this afternoon. "The law already requires ...

BlackRock outlines ETF plans for Australia

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
Actively managed ETFs are one of the things that are off the table for BlackRock's Australian business at least for now, according to the newly-appointed iShares head Christian Obrist. Obrist spoke to Financial Standard about the opportunities that ...

ASIC outlines code monitoring expectations

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... compliance scheme, as well as how to apply for approval. The application process will comprise three stages: registering interest with ASIC; submitting a draft application; and the submission of a final application following feedback. Among other things ...

Macquarie chiefs embroiled in German investigation

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... transaction. Macquarie added all individuals involved were likely to be formally classified under German law as "persons of interest or suspects" in order to be interviewed. Macquarie said the matter was also the subject of civil litigation, adding a ...

Pinnacle launches new affiliate

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... Investors founded by former Vanguard executives. It paid $4 million for the stake and agreed to pay $46 million for a 35% interest in Metrics Credit Partners. Pinnacle's share price has jumped rose from $3.75 at the start of 2018 to about $7.91 at publication ...