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Showing 701 - 710 of 1581 results for "Culture"

APRA joins in on Westpac scrutiny

ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... focused on the banks risk governance. "The review program will include risk management, accountability, remuneration and culture. An element of the review will be an examination of the steps Westpac has been taking to strengthen risk governance in recent ...

Westpac directors slammed

ALLY SELBY  |  THURSDAY, 12 DEC 2019
... has erupted following the disclosure of 29 million legal breaches to AUSTRAC, has shown a blatant disregard for ethical culture and behavior," Medd said. Medd blames the board for the bank's systemic money laundering failures. "The board has become a ...

Chief economist update: Businesses remain unmoved by low rates

BENJAMIN ONG  |  WEDNESDAY, 11 DEC 2019
... October rate reduction to 0.75%. The AICD survey also found that "70% of respondents agreed that there is a risk-averse culture on Australian boards." These two conditions alone - pessimism over the outlook and risk aversion - are what's keeping ...

IOOF, ANZ transaction gets green light

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
... in the best interests of their members." APRA said it till maintain close supervisory attention on IOOF to encourage a culture of ongoing improvement in its governance and business operations, consistent with APRA's industry-wide focus on improving outcomes ...

Culture index launched

ELIZA BAVIN  |  TUESDAY, 10 DEC 2019
In response to current concerns around Australian corporate culture exposed by the Hayne Royal Commission, a Melbourne-based startup has launched a standardised index creating culture transparency. The Workability Index (TWI) aims to provide companies ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... timeframe. At the recent House Economics Committee, Wade said the Royal Commission highlighted the fact that AMP did not have a culture that put clients first. "With that backdrop, AMP is working hard to implement the recommendations of the Final Report ...

Enforcement appetite is working: APRA

ELIZA BAVIN  |  MONDAY, 2 DEC 2019
... option level data. On this score, there is no choice." Byres also said the fact that shortcomings in governance and risk culture continue to emerge in the financial services industry is concerning. "Last month, APRA published its plans to significantly ...

Countdown to FPA Congress

JAMIE WILLIAMSON  |  TUESDAY, 26 NOV 2019
... future of Statements of Advice have proven most popular. Other hot topics to be discussed at the Congress include how culture leads performance, building trustworthy networks, how to create a values-based firm and the latest developments in the SMSF ...

ACSI, AFIC respond to Westpac scandal

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... ACSI will be closely monitoring Westpac and its progress on remediation and improvement. "Investors want to see Westpac's culture and governance strengthened to avoid a repeat of these issues." Davidson said. "We believe that this crisis warrants further ...

Complexity equals risk: IOOF chief

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... organisationally and culturally, or does it suggest that you're unable to find people who conform to the organisation's culture?" Wilson asked. Mota said his view was that the firm was holding itself to a higher level of accountability. "In some ...