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Showing 641 - 650 of 979 results for "Financial System"

Consumers have no loyalty to financial institutions

MARK SMITH  |  MONDAY, 18 AUG 2014
... banks including Citibank (12.6%), HSBC (17.9%) and ING Direct (14.0%) as at June 2014. "The recently released 'Financial System Inquiry - Interim Report' found that the banking sector is competitive, although concentrated. It appears from our analysis ...

Law firm rubbishes Grattan fee report

MARK SMITH  |  MONDAY, 18 AUG 2014
Global law firm Herbert Smith Freehills has urged the Financial System Inquiry (FSI) to throw out a controversial report that claims the superannuation system is too expensive. In a submission to the FSI, Herbert Smith Freehills criticises the FSI committee's ...

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... supervision of large financial institutions, but will defer a decision on its final implementation until the end of the Financial System Inquiry (FSI). The new package includes new prudential standards in relation to governance, exposure management ...

CBA dismisses Murray's concerns over vertical integration

LAURA MILLAN  |  THURSDAY, 14 AUG 2014
Commonwealth Bank (CBA) chief executive Ian Narev dismissed concerns expressed by the Financial System Inquiry (FSI) interim report that Australia's big institutions control both the manufacturing and distribution of financial products. "We need to ...

More super changes inevitable: EY report

MARK SMITH  |  THURSDAY, 14 AUG 2014
... nature of the system, further regulatory change and focus is inevitable. This is evident in the release of the Financial System Inquiry's interim report," he said. "The industry should be taking this opportunity to work with government and regulators ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... Australian Prudential Regulation Authority (APRA). He was also a part of the Wallis Inquiry into the Australian financial system and had a 20 year career with the Reserve Bank of Australia (RBA). Promontory Financial Group chief executive officer Eugene ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... eventually they must be required to hold a degree. Rantall said the current focus on advice in the media and the Financial System Inquiry is a good opportunity for the industry to look at separating personal professional advice from advice that amounts ...

Financial services export industry must rival iron ore

MARK SMITH  |  THURSDAY, 7 AUG 2014
... sectors or as an industry to be regulated," he said. The Murray Review is the first inquiry into Australia's financial system to consider financial services an industry that generates economic and employment growth in its own right, Cooper said, adding ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
... regulation are among the recommendations Ernst & Young executive director Greg Chipman believes will come out of the Financial System Inquiry (FSI). Chipman outlined his expectation at the opening session of the Financial Services Council (FSC)'s three ...

BRUMBIE: Walk quietly but carry a big stick

ALEX DUNNIN  |  WEDNESDAY, 6 AUG 2014
It's now a few weeks since Financial System Inquiry (FSI) chief David Murray handed down his interim report and already sectional advance troops have been spooked into defending their status quo. But rather than squabble over details, like is always ...