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Showing 501 - 510 of 685 results for "Proceedings"

NAB responds to ASIC market manipulation allegations

ALEX BURKE  |  WEDNESDAY, 8 JUN 2016
NAB has responded to ASIC commencing legal proceedings for the bank's alleged "unconscionable conduct and market manipulation." ASIC's concerns relate to the setting of the bank bill swap reference rate (BBSW) from 2010 to 2012; the regulator previously ...

Competitive forces driving US pension fees down

MARK SMITH  |  WEDNESDAY, 18 MAY 2016
Greater transparency and increased competition, as well as the risk of legal proceedings, have driven companies in the US to demand lower fees from pension providers for their employees' 401(k) plans. As new disclosure rules allow companies to learn ...

ASIC commences proceedings against Westpac

ALEX BURKE  |  WEDNESDAY, 6 APR 2016
ASIC has commenced legal proceedings against Westpac in the Federal Court in Melbourne for its role in setting the bank bill swap reference rate from 2010 to 2012. ASIC has alleged Westpac engaged in "unconscionable conduct and market manipulation" ...

ASIC releases 2016 enforcement report

KERRIE SYDEE  |  THURSDAY, 31 MAR 2016
... investors, removed 27 individuals from financial services, laid 42 criminal charges, charged six persons in criminal proceedings, issued 20 infringement notices, commenced 105 investigations and completed 86 investigations. The report noted that malicious ...

Aviva commences proceedings against Centrepoint

ALEX BURKE  |  THURSDAY, 28 JAN 2016
Aviva Asia has commenced court proceedings against Centrepoint Alliance, the latter revealed in an ASX statement. According to Aviva's writ of summons and statement of claim, Centrepoint's former Singaporean subsidiary, Fifth Floor, breached a 2012 ...

Property spruiker banned for providing unlawful advice

MARK SMITH  |  TUESDAY, 20 OCT 2015
... Properties Group had been unlawfully carrying on a financial services business for over five years. ASIC launched legal proceedings in November 2014 against the group that, by June 2015 had advised over 860 members of the public to establish and switch ...

Labour market says go, inflation says no

BENJAMIN ONG  |  MONDAY, 7 SEP 2015
... that showed the US economy growing above trend at 3.7% annualised rate in the June quarter. Those expecting a hold on proceedings are also correct. Employment grew by only 173K in August - less than the 223K expected and the smallest jobs add since March ...

Grexit nears, markets cheer

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2015
... there's still "another correction of at least 5 percent" coming. Double duh! No doubt the Fed's watching the Greek deal proceedings as it began its two-day FOMC meeting last night. A September lift-off remains the standing bet. But if Grexit happens ...

CalPERS meetings open to members

ALEX DUNNIN  |  WEDNESDAY, 18 MAR 2015
... pension fund, has for years been publishing on its website notice of trustee meeting, outcomes and videos of selected proceedings. CalPERs even allows members to submit questions they want the fund board to consider, They are also able to request to ...

ASIC to face legal action over Storm Financial

LAURA MILLAN  |  THURSDAY, 5 FEB 2015
... has enough information to prove that ASIC took no action to protect consumers. "Since 2010 we've been involved in proceedings against banks who were involved in Storm: Bank of Queensland, CBA, Macquarie Bank and Westpac," Levitt said, and added that ...