Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 84 results for "Senate Committee"

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... Wealth." Macquarie has argued that it has been working with ASIC "to resolve all its matters of concern." But the Senate Committee questioned the effectiveness of the Macquarie EU with the regulator. "Given that ASIC did not, until recently, fully understand ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
... consumer complaints and business that they are writing. "We've done the hard work," Perkovic said. However, the Senate Committee holds a different view on how far CBA has moved on. "If these changes have indeed taken place and produce the intended result ...

Market wrap

AAP  |  FRIDAY, 4 JUL 2014
... 1,100 customers who lost savings as a result of fraudulent and misleading behaviour by financial advisers. A Senate committee last week called for a royal commission into the scandal. Among resources stocks, Rio Tinto gained 32 cents to $62.32, BHP Billiton ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
... amount of risk. "It's a question of getting the balance right and that is why we are going to carefully study the Senate committee report," the prime minister told reporters in Melbourne. The government has already commissioned a review of the financial ...

Market wrap

AAP  |  THURSDAY, 3 JUL 2014
... 1,100 customers who lost savings as a result of fraudulent and misleading behaviour by financial advisers. A Senate committee last week called for a royal commission into the scandal. Among resources stocks, Rio Tinto gained 32 cents to $62.32, BHP Billiton ...

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... the program that we are announcing today and the approach that we are taking today is the right response to the senate committee inquiry." The Open Advice Review program will re-evaluate the advice given to clients of Commonwealth Financial Planning ...

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... "We expect to provide a detailed response by the end of this week," Narev said in the written statement. "The Senate Committee has provided a wide-ranging report, which raised a number of serious issues," he added. So far, CBA has not referred directly ...

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... that's very clear from this inquiry," ASIC chair Peter Kell said. Regarding the record 61 recommendations that the Senate Committee has included in the report, the two ASIC officials said that they would be giving them "careful consideration" and added ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... surveillance" of the company in its recently released report. The organisation was referred to by name in one of the Senate Committee's 61 recommendations. The report has recommended that "ASIC undertakes intensive surveillance of other financial advice ...

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
Initial comments from the government suggest it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully ...