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Showing 551 - 560 of 722 results for "Misconduct"

ASIC flags stronger adviser surveillance

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2017
About $618.8 million was paid in compensating and remediating corporate misconduct in the six months to June - almost a fourfold increase on the second half of 2016. During the period, ASIC removed 23 individuals from working in financial service; commenced ...

CBA contemplates CommInsure sale

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
... arm, Sovereign, was also highlighted for a potential sale. Although CommInsure was cleared of allegations of medical misconduct and systemic claims handling issues by ASIC and Deloitte in March, CBA's announcement nonetheless follows a troubled year ...

Aussie banks cleared of Wells Fargo-type conduct

EMMA RAPAPORT  |  WEDNESDAY, 2 AUG 2017
The corporate regulator has cleared eight Australian banks of any systemic misconduct involving illegal opening of accounts as seen at international firm Wells Fargo. The audits, undertaken by ASIC in December 2016 of the big four plus BOQ, Citibank ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... particularly as the banks seek to demerge their wealth management and insurance operations, in part, due to allegations of misconduct," the report reads. The revival of private equity using the consortium model to undertake acquisitions is also a trend ...

Financial services not immune to public inquiry

KARREN VERGARA  |  TUESDAY, 25 JUL 2017
... inquiry like the banking sector is currently facing. The industry and its individual organisations cannot afford for misconduct to be identified and made public by an external party, said PwC Australia insurance leader Scott Fergusson. In addressing ...

Currency and managing volatility: New Financial Standard spot poll

DARREN SNYDER  |  MONDAY, 19 JUN 2017
... and conduct, including whether the applicant has been dismissed previously or resigned in circumstances relating to misconduct such as selling customer data, compromising customer security or wilfully and repeatedly breaching bank policies. This week ...

UBS cops $280,000 ASIC fine

ALEX BURKE  |  FRIDAY, 16 JUN 2017
... able to obtain sufficient and appropriate market data in a timely manner to enable it to monitor and detect market misconduct in light of rapidly developing technology and increasingly complex trading strategies," ASIC said. "The provision of incorrect ...

Advisers preparing ahead of professional standards: Spot poll

DARREN SNYDER  |  TUESDAY, 13 JUN 2017
... and conduct, including whether the applicant has been dismissed previously or resigned in circumstances relating to misconduct such as selling customer data, compromising customer security or wilfully and repeatedly breaching bank policies. The Financial ...

Fiduciary rule introduced in United States

JAMIE WILLIAMSON  |  TUESDAY, 13 JUN 2017
... advice provided on 401(k)s. It is hoped the new rule will also aid in diminishing the frequency with which instances of misconduct are seen across the US financial advice landscape; advisers account for 10% of the total financial services workforce in ...

Westpac to review history of new applicants

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2017
... role with the Westpac Group will now be subjected to a background check. Designed to identify any past instances of misconduct by potential employees, the institution will include conduct background checks as part of the application process to help promote ...