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Showing 51 - 60 of 105 results for "Senate Economics Committee"

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
Macquarie has issued its first public statement since a Senate Economics Committee report flagged "systemic failings of compliance" within its advice business two weeks ago. The group said that it has been working with the Australian Securities and ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... on the government to establish a summit of industry leaders to address the 61 recommendations of the Senate Economics Committee inquiry into the financial services regulator. The Governance Institute of Australia also issued a statement following the ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... openness; we've listened," Narev declared yesterday in the bank's first media conference following the Senate Economics Committee release of a report largely critical of CBA's management of its financial planning businesses. But Narev refused to answer ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
... Commonwealth Bank's (CBA) Open Advice Review program announced today while it works on its response to the Senate Economics Committee report. Finance Minister Mathias Cormann said that it was "appropriate, indeed it was necessary, that CBA CEO Ian Narev ...

FPA calls for industry summit to restore trust in advice

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... positive changes, we would fully support calls for a Royal Commission," he added, referring to the Senate Economics Committee recommendation to set up a Royal Commission to investigate cases of bad advice within Commonwealth financial planning businesses. ...

CBA opens up compensation review to all advice clients

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... received advice between 2003 and 2012. CBA chief executive Ian Narev spoke to the media a week after the Senate Economics Committee issued the report on the inquiry into the Australian Securities and Investments Commission (ASIC), which was critical ...

Inquiry sees spike in demand for legal action against CBA

LAURA MILLAN  |  WEDNESDAY, 2 JUL 2014
... Ivantsoff confirmed to Financial Standard that numbers are up and "phones are running hot" after the Senate Economics Committee issued the report of the inquiry into the performance of the Australian Securities and Investments Commission (ASIC). Ivantsoff ...

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... report, which raised a number of serious issues," he added. So far, CBA has not referred directly to the Senate Economics Committee request to set up a Royal Commission into the cases of adviser misbehaviour within CBA Financial Planning and Financial ...

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... regulator, ASIC chairman Greg Medcraft said. Medcraft spoke at a media conference the day after the Senate Economics Committee made public the final report after it spent a year conducting an inquiry into the regulator's performance. "Our job is to do ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
Macquarie Private Wealth is in the firing line with the Senate Economics Committee inquiry recommending ASIC undertake "intensive surveillance" of the company in its recently released report. The organisation was referred to by name in one of the Senate ...