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Showing 861 - 870 of 1257 results for "Royal Commission"

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
... higher costs. "Australian banks are facing significant challenges, both financial and non-financial, with the Royal Commission, regulatory pressures and a rapidly evolving competitive environment all pointing to ongoing sector disruption," Dring said. ...

Macquarie to front Royal Commission

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
Macquarie Group will front the financial services Royal Commission for the first time when the inquiry reconvenes for its final round of public hearings. Commissioner Kenneth Hayne released the list of entities called to give evidence in the seventh ...

Industry fund chief exits

KARREN VERGARA  |  MONDAY, 5 NOV 2018
... Retirement Fund (ACRF) were the subject of failed mergers at the superannuation round of the financial services Royal Commission. Both funds were slammed for wasting a merger opportunity that had clear benefits for members after finding executives were ...

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... total, 3.5% of the group's cash earnings were consumed by ongoing legal and remediation costs off the back of the Royal Commission. A total of $281 million was paid out in remediation - an increase of $163 million year-on-year. Much of this was as a ...

Frydenberg boosts APRA funding

HARRISON WORLEY  |  MONDAY, 5 NOV 2018
... criticism was levelled at the prudential regulator for using its formal enforcement powers sparingly. During a Royal Commission hearing in August this year, APRA deputy chair Helen Rowell confirmed the prudential regulator had only once banned a person ...

One-stop complaints shop opens

DARREN SNYDER  |  THURSDAY, 1 NOV 2018
... newly-established financial services dispute resolution system expects to play an important role in the wake of the Royal Commission into the sector's misconduct. Australian Financial Complaints Authority chair Helen Coonan said the one-stop-shop for ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... Chief executive Shayne Elliot said ANZ has taken action to "fast-track fundamental changes" as a result of the Royal Commission. External legal costs relating to the Royal Commission mounted to $55 million (pre-tax) for the 2018 financial year. "We are ...

Fintechs in the money, gain confidence

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
... can grab market share from big banks and incumbents with the advent of open banking and as the fallout from the Royal Commission plays out, EY's latest fintech census shows. With one-in-five fintechs now turning a profit, the sector is confident it can ...

What the RC can teach us about trust: Deloitte

DARREN SNYDER  |  MONDAY, 29 OCT 2018
One of the big four accounting and professional services firms is seizing the financial services Royal Commission as an opportunity to better understand how trust works in Australian banks. Launching its first trust index for Australia's banking ...

Super-size me: Latest employment trends

DARREN SNYDER  |  MONDAY, 29 OCT 2018
... practice, Richard Baker said overall candidate sentiment was higher than 2017 but bank wealth demergers and the Royal Commission are keeping movement limited. He said movement was more subdued for senior executives asking more than $250,000 in digital ...