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Showing 51 - 60 of 138 results for %22Banking Industry Conduct%22

Conflicts of interest recommendation falls short

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Industry Super Australia has criticised the banking Royal Commission final report for falling short of addressing conflicts of interest. Industry Super Australia said the structure of the industry and other profit-to-member super funds has avoided such ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
The banking, superannuation and financial services Royal Commission has made 76 recommendations to address industry misconduct and Treasurer Josh Frydenberg said the Federal Government will act on each of them. The Treasurer has put the blame of industry ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Australian Prudential Regulation Authority. Responding to the Royal Commission's final report into Misconduct in the Banking, Superannuation and Financial Services Industry, Treasurer Josh Frydenberg said a capability review would be launched into ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... be one of the key recommendations of Commissioner Hayne's final report which is due February 2019. The Australian Banking Association and many superannuation funds are already calling for a ban, and three of the four big banks have already vowed ...

FPA reviews disciplinary regulations

JAMIE WILLIAMSON  |  WEDNESDAY, 12 DEC 2018
... providing an opportunity to review our processes in light of the learnings from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry."

Industry dubious about one regulatory body: Survey

KARREN VERGARA  |  MONDAY, 10 DEC 2018
... told the last round of the Royal Commission that the prudential regulator is still uncertain in how it will enforce the Banking Executive Accountability Regime if it is breached. This week's poll asks: Will post-retirement products gain more adviser ...

Bank chief executive resigns

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... be business as usual during the search period, he said. Sutton said he looks forward to re-engaging with the banking industry in the future. "After consulting with my family, I've made the decision to resign to focus on my long-term health. In February ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... ensure organisations put the best interests of consumers at the heart of what they do. "For consumers, interacting with banking and financial services is not voluntary. In a compulsory system everyone has a right to be treated with fairness, honesty ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
The industry's remuneration practices and policies played a major role in the banking misconduct uncovered by the Royal Commission Inquiry, the interim report found. Governance and risk management practices failed to prevent the misconduct where ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... Australia's financial system. The 686-page document, released on Friday, unveiled larger, highly profitable institutions in banking and insurance have "entrenched market power" driven by opaque pricing, conflicted advice and remuneration arrangements. ...