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

Search Results

Showing 41 - 50 of 110 results for %22CBA Inquiry%22

Big four prepared for APRA capital adequacy changes

ALEX BURKE  |  MONDAY, 20 JUL 2015
... results) was partly designed to "provide a buffer" for anticipated regulatory changes, including higher mortgage risk weights. CBA chief financial officer David Craig expressed a similar sentiment, saying that "CBA has been working on a number of options ...

FSC revamps board, policy team

LAURA MILLAN  |  FRIDAY, 3 JUL 2015
... 2015 as senior policy manager for advice. He was previously an executive manager of advocacy for the Commonwealth Bank's (CBA) submission to the Financial System Inquiry (FSI). Economist Sara Dix took over the role of policy manager for global markets ...

Labor now opposes advice Royal Commission

LAURA MILLAN  |  WEDNESDAY, 24 JUN 2015
... this time." This represents a change of Labor's position, which had called for a Royal Commission into Commonwealth Bank (CBA) and other financial institutions in July 2014, following the release of the report of the inquiry into the performance of the ...

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
... it's critical that someone entirely outside of the organisation has the right to assess their case," he said. He added that CBA and Macquarie provide former clients with funds if they want to get an assessment of their case outside the bank. NAB does ...

Bank results underpin wealth management new era

LAURA MILLAN  |  FRIDAY, 8 MAY 2015
... returns, but to rebuild consumer's trust in their model. Recent analysis by EY of the quarterly results for Commonwealth Bank (CBA), ANZ, National Australia Bank (NAB) and Westpac argued: "Managing conflicts in vertically integrated operations, professional ...

CBA advisers ran from ASIC

ALEX BURKE  |  WEDNESDAY, 22 APR 2015
CBA chief executive Ian Narev said that he supported the idea of individual adviser misconduct being noted on the ASIC planner register, but the issue was complicated by advisers resigning when the regulator began its investigation. Speaking at the ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
... Andrew Thorburn and group executive of NAB Wealth Andrew Hagger will also face a Senate grilling, along with Commonwealth Bank (CBA) chief executive Ian Narev and wealth management group executive Annabel Spring. Westpac and AMP are due to attend at ...

Competition for annuities likely to remain low

LAURA MILLAN  |  FRIDAY, 27 MAR 2015
... banks are choosing to partner with Challenger, rather than to compete with the annuities provider, with Commonwealth Bank (CBA) signing a distribution agreement in October 2014. "While the non-bank life insurers do pose a competitive threat to CGF, it ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... self-managed sector. Early indications, however, show that these options are expensive to manage and have seen little take-up. CBA reacts to planning scandal 2014 has arguably been the most difficult year for Commonwealth Bank's wealth management arm. ...

Higher adviser education standards boost CFP demand

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... We are committed to working on a one-to-one basis with financial planners to find a tailored solution." Commonwealth Bank (CBA), Westpac, National Australia Bank (NAB) and AMP have increased the minimum education requirements for their financial advisers ...