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Showing 561 - 570 of 1018 results for "Inquiry"

Murray calls for ASIC to have more money and power

MARK SMITH  |  SUNDAY, 7 DEC 2014
... money to do its job. Those were the recommendations laid out by David Murray in his final report to the Financial System Inquiry (FSI). "Regulators' funding arrangements and enforcement tools have some significant weaknesses, particularly in the case ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
... advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is tailored to their ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
... Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

Banks should hold more capital: Murray

AAP  |  SUNDAY, 7 DEC 2014
... should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found. The final report of David Murray's blueprint for the future of Australia's financial system, released by Treasurer ...

Change insurance commissions to fight churning: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) final report has recommended that upfront commissions for life insurance advice not be greater than ongoing commissions, in order to fight churning practices. The inquiry led by chairman David Murray noted that such ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
The Financial System Inquiry (FSI) has made 44 recommendation to increase efficiency, resilience and fair treatment of the financial system. Read below the relevant recommendations for the superannuation, wealth management and funds management industries. ...

MTAA hails 'a third, a third, a third' board structure a success

JAMES FERNYHOUGH  |  FRIDAY, 5 DEC 2014
The Financial System Inquiry report will be released this Sunday, and it is widely expected to have something to say about superannuation fund governance - namely, that the boards of super funds should have a quota of independent trustees. While many ...

Follow our coverage of the FSI final report on Sunday

ALICE URIBE  |  FRIDAY, 5 DEC 2014
Financial Standard will be providing comprehensive coverage of the Financial System Inquiry's final report after its release on Sunday. The report, which is likely to shape industry and regulatory policy for the financial planning, superannuation and ...

Senate grills ASIC after it blocks 250,000 websites

LAURA MILLAN  |  TUESDAY, 2 DEC 2014
... investment frauds. The Committee was made aware of ASIC's mistake in August, when the regulator sent a submission to an inquiry into which government agencies should be able to block websites. According to the submission, ASIC staff tried to block a ...

ASIC stands up for adviser national exam

LAURA MILLAN  |  FRIDAY, 28 NOV 2014
... national examination for financial advisers would fail to address the current deficiencies. In a joint submission to the inquiry into adviser education they said that the examination would "shift the focus from ensuring a financial adviser has the requisite ...