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Showing 641 - 650 of 1018 results for "Inquiry"

APRA releases additional requirements for large instos

LAURA MILLAN  |  FRIDAY, 15 AUG 2014
... 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, risk 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
... 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 to develop ...

CBA posts record profit, strong wealth management growth

LAURA MILLAN  |  WEDNESDAY, 13 AUG 2014
... within CBA's financial planning units, which were unveiled by media reports and a sweeping Senate Economics Committee inquiry. Since then, CBA has put in place an Open Advice Review program to review compensation to victims of poor advice, but the group ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... was the inaugural Chairman of the 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 ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... raising the issue as early as 2011. However, the regulator only clarified the definition after a Senate Economics Committee inquiry into ASIC's performance recommended it. During the Senate inquiry, University of New South Wales law professor Dimity ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... and any compensation offer was adequate. This information was made public in the wake of a Senate Economics Committee inquiry into the performance of ASIC, which was prompted by cases of poor advice, alleged fraud and document forgery within CBA's financial ...

General advice is not advice: Rantall

JAMES FERNYHOUGH  |  FRIDAY, 8 AUG 2014
... 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 to product ...

Financial services export industry must rival iron ore

MARK SMITH  |  THURSDAY, 7 AUG 2014
... as a facilitator of growth in other 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 ...

FSC Conference: Experts forecast FSI outcomes

MARK SMITH  |  WEDNESDAY, 6 AUG 2014
... 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 day annual conference ...