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Showing 501 - 510 of 1075 results for "Commissioner"

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... Treasurer has put the blame of industry misconduct solely on Australia's financial services companies, quoting Commissioner Kenneth Hayne to say "there can be no doubt that the primary responsibility for misconduct in the financial services industry ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... grandfathering for the period 1 July 2019 to 1 January 2021. The removal of the payments was a key recommendation of Commissioner Kenneth Hayne's report, saying there is no justification for grandfathering provisions in an industry that is trying to ...

Ongoing service arrangements should be tightened: Hayne

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
An overhaul of ongoing fee arrangements has been recommended by Commissioner Kenneth Hayne to combat fees for no service conduct. The final report of the Royal Commission has recommended ongoing fee arrangements should be renewed annually by clients. ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... regulators. Releasing his final report into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Kenneth Hayne recommended a new three-person oversight authority would assess the effectiveness of APRA and ASIC in meeting ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... recommended regular capability reviews of both APRA and ASIC every four years, with a review of APRA recommended by the Commissioner to begin "as soon as reasonably practicable." An APRA capability review was also recommended by the Productivity Commission ...

Royal Commission principles not simply an add-on

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... firm Pritchitt Partners. Speaking ahead of the Royal Commission's final report, due at 4.10pm today, Longstaff said Commissioner Kenneth Hayne made it clear he's not interested in more laws to govern compliance, rather it's about where do firms sit in ...

Global Financial Innovation Network launches

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... part of GFIN, which supports cross-border testing of innovative businesses. In floating the idea of GFIN last year, Commissioner John Price said there was an environment that allows firms to simultaneously trial and scale new technologies across multiple ...

ASIC terminates managed accounts provider AFSL

KARREN VERGARA  |  FRIDAY, 1 FEB 2019
... terminate its existing client arrangements. The firm and Clinnick have the right to appeal ASIC's decision. ASIC commissioner Danielle Press warned all consumers considering MDAs to evaluate the risks and benefits of an MDA. "Consumers should ensure ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... billion superannuation fund; the managing director of Australia's largest fund administrator; and a former ASIC commissioner. Former Principal Global Investors chair David Hoare was awarded a Companion (AC) in the General Division of the Order of ...

Willis Towers Watson adds cyber specialist

HARRISON WORLEY  |  THURSDAY, 24 JAN 2019
... has previously presented at the AusCERT National IT Security Conference, the Office of the Australian Information Commissioner's Asia Pacific Forum and the Australian Institute of Company Directors. In a LinkedIn post, Di Marco said he was looking forward ...