Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 145 results for "Interim Report"

Royal Commission interim report flawed

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Commissioner Kenneth Hayne's interim report lacks understanding of financial advice and appears to have ignored submissions on the issues raised throughout the Royal Commission. That is the view of the Association of Financial Advisers which, in ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
Australian Banking Association chief executive Anna Bligh said the Royal Commission's interim report into misconduct in financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne ...

FSU, FSC respond to interim report

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
The Finance Sector Union has welcomed the release of Commissioner Hayne's interim report, labeling it an important first step in reforming the financial services industry. FSU national secretary Julia Angrisano said the union agrees wholeheartedly ...

Regulatory inadequacy to blame: Hayne

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... advice scandals has enabled poor conduct to continue and exacerbate, according to the Royal Commission. In his interim report, Commissioner Hayne has said scandals dating back to the GFC can shed light on the conflicts and culture in the financial advice ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
Commenting to the interim report released this afternoon, Federal Treasurer Josh Frydenberg said it's evident the findings point to "greed" that's been pursued in return for short-term profits at the expense of consumers and the most basic standards ...

Interim report dotted with questions

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
... Public submissions for the RC are open until the end of next month. Read Frydenberg's full response to the TC interim report here.

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
... 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 a financial benefit was present ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
... underscored the Royal Commission's hearing into financial advice, Commissioner Kenneth Hayne has said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major financial institutions exposed by the Commission ...

Hayne admonishes ASIC

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... remediating misconduct that can take years to resolve and for its inability to prevent future breaches. In his interim report Hayne disapproved of ASIC's preferred method of negotiating outcomes with entities that took the regulator "far too long" ...