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

Search Results

Showing 621 - 630 of 1608 results for "Investigation"

Sam Henderson attempts to set record straight

ELIZABETH MCARTHUR  |  FRIDAY, 13 DEC 2019
... building a narrative towards the industry to bring about change," he said. "The Royal Commission was not a full investigation... We can argue whether it was done in a constructive way or with a cricket bat." Mental health was a topic of conversation ...

APRA slaps extra conditions on Avanteos

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... than $6 million, including interest. The firm has since remediated all affected accounts however, following an APRA investigation, the prudential regulator has imposed a range of additional conditions to the firm's RSE license to ensure it avoids ...

ACCC immunity deal questioned by court

ELIZA BAVIN  |  FRIDAY, 6 DEC 2019
... cartel scandal of 2015. The Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following an ACCC investigation into a $2.5 billion ANZ share sale with JPMorgan and some staff offered immunity deals in exchange for testimony. Now, Galvin ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... working closely with AUSTRAC and ASIC. "We are actively looking at the issues, but there is not as yet a formal investigation," Byres said. There are two sets of obligations that come under BEAR, one relating to the entity; the bank, to conduct its affairs ...

Non-compliant personal advice rife at super funds: ASIC

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... and the member's objectives, financial situation and needs; and because they failed to conduct a reasonable investigation into financial products and base all judgements on the member's relevant circumstances. "Our advice reviews showed that ...

Regulators quash remuneration rumours

ELIZABETH MCARTHUR  |  THURSDAY, 28 NOV 2019
The Code of Ethics does not seek to ban particular forms of remuneration nor does it say that any forms of remuneration are specifically a conflict, FASEA chief executive Stephen Glenfield told the FPA Congress. Appearing as part of a regulatory update ...

ASIC probes Regal Funds Management

HARRISON WORLEY  |  WEDNESDAY, 27 NOV 2019
Regal Funds Management has confirmed an ASIC investigation into the asset manager is underway. In a statement, a Regal spokesperson said the firm this week learnt the corporate regulator had begun to conduct a preliminary investigation into the asset ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... executive Louise Davidson said. "It is still unclear how these significant issues came to occur, and why a fulsome investigation was not initiated earlier." She added that ACSI will be closely monitoring Westpac and its progress on remediation and improvement. ...

ASIC launches investigation into Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
More woe for Westpac as ASIC confirms it has commenced an investigation into the bank following AUSTRAC's actions in relation to money laundering. An ASIC spokesperson told Financial Standard : "ASIC can confirm that it commenced an investigation ...

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ...