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Showing 81 - 90 of 287 results for %22Banking Royal Commission%22

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
... different factors that financial institutions take into account when setting their prices." Responding to the inquiry, the banking sector's peak advocacy body, the Australian Banking Association said the sector stood "ready to assist the ACCC" in ...

Culture change must not be a fad: APRA

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
APRA chair Wayne Byres told Australia's banking lobby that changes to the sector's culture cannot disappear once the spotlight moves away. Speaking at the Australian Banking Association's national economic series in Sydney on Wednesday, Byres said APRA's ...

AMP combines business units, appoints new boss

KANIKA SOOD  |  THURSDAY, 10 OCT 2019
AMP Limited has announced it is combining its Australian wealth management business with banking into a new entity named AMP Australia, and has shuffled its C-suite lineup. AMP chief executive Francesco De Ferrari said the integration of the wealth ...

QMV kicks off legal practice, appoints lead

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... advising superannuation funds on legal changes beyond what is "signed and approved". As an example, Vaughan cited the Open Banking regime which he says will force superannuation funds, and not just banks, to think about data protection and privacy in ...

RC sting felt in finance pay packets

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 OCT 2019
... pointed to the outcomes of the Royal Commission as a leading factor in the changes. "There is no doubt the Banking Royal Commission created a major distraction and, hiring activity at the very senior end slowed as a result," the report found. "It was ...

Government moves to expand design, distribution laws

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... released updated design and distribution obligations, which now extend to investor directed portfolio services (IDPS), basic banking products, products sold in certain situations where the obligations could be avoided, and simple corporate bond depository ...

One regulatory regime enough: FSC

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... simplified. "This is consistent with the philosophy expressed in the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry," the FSC said. With the government planning to create a new disciplinary ...

Calls to give ASIC power to repair reputations

ELIZA BAVIN  |  WEDNESDAY, 11 SEP 2019
... question or submission can have lethal consequences," he said. Crutchfield went as far as to compare the banking Royal Commission to the executions of the French Revolution. "In the financial services Royal Commission, the metaphorical tumbrels of the ...

Financial incentive provokes misconduct: Research

ELIZABETH MCARTHUR  |  THURSDAY, 5 SEP 2019
... without proper customer authorisation allegedly just to charge fees and the stories to come out of the Banking Royal Commission in Australia. The authors said these examples all illustrate unethical pro-organisational behaviour. While some unethical ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... management did not meet management's expectations. Ongoing negative sentiment surrounding the Royal Commission into the Banking, Superannuation and Financial Services Industry created significant uncertainty which had adversely affected the market ...