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

Search Results

Showing 71 - 80 of 338 results for "Accountable"

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... profits over investor protection is one we see far too often in this space, and today we're both holding Kraken accountable for its misconduct and sending a message to others to come into compliance." The crypto contagion continued with Binance and ...

Morningstar executive lands at ART

KARREN VERGARA  |  TUESDAY, 7 NOV 2023
... at Deutsche Asset Management, and Skandia's head of retail investment services. In her new role, Fitzgerald will be accountable for ensuring investment portfolios and investment capability can consistently navigate and adapt the investment landscape ...

PwC chief executives hold too much power: Review

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... uncorrected for many years. He said excessive power is conferred on the chief executive, who is not perceived to be accountable to the board. "Culturally, the generally accepted view is that the chief executive runs the show," explained Switkowski. "During ...

Licensees shun remediation obligations: ASIC

KARREN VERGARA  |  TUESDAY, 26 SEP 2023
... are relevant given the recent passing of the Financial Accountability Regime (FAR) Bill 2023. "Under the FAR regime, accountable entities will need to nominate an accountable person responsible for oversight of remediation programs," ASIC said. The financial ...

Government passes FAR legislation

KARREN VERGARA  |  WEDNESDAY, 6 SEP 2023
... insurers, and superannuation funds. The FAR ensures that these institutions clearly identify individuals who will be held accountable for the actions of the organisation." APRA and ASIC will jointly administer the FAR. "They will have the power to disqualify ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... endorse tax exploitation schemes by 100%. As part of government reforms that aim to strengthen the industry and hold it accountable, penalties will jump from $7.8 million to over $780 million. In a statement, government said the new package looks to ...

ASIC sues Vanguard for greenwash in bond fund

RACHEL ALEMBAKIS  |  TUESDAY, 25 JUL 2023
... never any intention to mislead, but Vanguard recognises it has not lived up to the high standards it holds itself accountable to and apologises for the concern this matter may cause for our clients," the manager said. Vanguard said it requested a trading ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... APRA and ASIC include the proposed regulator rules that prescribe information for inclusion in the FAR register of accountable persons, including supporting detail about the ADI key function descriptions, as well as proposed transitional rules that prescribe ...

Allegro unveils PwC entity as Scyne Advisory

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... is clear that the conduct of a number of partners fell short of what was expected of them. They are now being held accountable for their misconduct," said Stubbins. "While we cannot change the past, we can control our actions today and in the future. ...

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
... of investors by depriving them of the protections to which they are entitled. Today's action seeks to hold Coinbase accountable for its choices." The SEC is seeking injunctive relief, disgorgement of ill-gotten gains plus interest, penalties, and other ...