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Showing 61 - 70 of 205 results for sanction

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
The International Monetary Fund (IMF) recently released its World Economic Outlook April report where it slashed its global growth projections to 3.3% this year, down from 3.5% forecast in January and from 3.7% predicted in its October 2018 outlook ...

FPA disciplines two members

HARRISON WORLEY  |  MONDAY, 4 MAR 2019
Two Financial Planning Association of Australia members have faced immediate sanctions following determinations from the association's Conduct Review Commission. On Friday the FPA said two members would be stripped of their membership and professional ...

Hayne report raises professionalism stakes

JAMIE WILLIAMSON  |  MONDAY, 11 FEB 2019
Financial advisers could face the same rigid license registration requirements as doctors and lawyers if the Royal Commission's recommendations on compliance and further education in the industry become law. Commissioner Kenneth Hayne is calling ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... law towards community expectations." She said that in recommending Life Insurance Code of Practice have the power to sanction, Hayne had actually gone a step further than ASIC enforcement taskforce's previous recommendations. The proposed amendment ...

FPA reviews disciplinary regulations

JAMIE WILLIAMSON  |  WEDNESDAY, 12 DEC 2018
... ability to agree with the FPA to not have it publicised be removed. The processes of investigation and of breach and sanction should be separated, with the investigation officer doing the former and the CRC performing the latter - not staff. The requirement ...

Chief economist update: Cheaper oil greases wheels of growth

BENJAMIN ONG  |  MONDAY, 12 NOV 2018
... September. Not after US president Donald Trump re-imposed sanctions on Iran as well as threatened that the US would also sanction countries importing oil from Iran. But as the saying goes, what goes up must come down. Oil is now in a bear market - WTI ...

Chief economist update: Oil slick

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2018
... middle of this year after US President Trump re-imposed sanctions on Iran as well as threatening that the US would also sanction countries importing oil from Iran. This sent prices even higher - Brent oil rose to over US$80/barrel and WTI oil topped ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
Despite receiving a bad rap for being ineffective during the financial services Royal Commission, new research finds the majority of enforceable undertakings deter future misconduct. This is according to a joint study conducted by ASIC and the University ...

Revised penalties come down hard on white collar crime

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The Federal Government will this week introduce legislation into parliament to increase the penalties for white collar crimes. In a media release on Sunday, Treasurer Josh Frydenberg said criminal penalties were set to double in some cases, while civil ...

FPA finds Sam Henderson guilty

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... determination said. "The Panel now provides the parties with an opportunity to make submissions as to imposition of any Sanction, in a manner and within the times that are to be advised," the determination said. Such submissions may also address the ...