The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 1 - 10 of 21 results for "Banking Act"

Morgan Stanley sheds 2500 global roles

KARREN VERGARA | FRIDAY, 6 MAR 2026

Morgan Stanley is shedding 2500 jobs across its global workforce, affecting many in the investment banking, wealth management and investment management divisions. As first reported overnight by the Wall Street Journal, roles from front office to the ...

Citi appoints head of global asset managers

ELIZABETH MCARTHUR | THURSDAY, 10 JUN 2021

Citi has announced the appointment of a new head of global asset managers for Asia Pacific. John McLean, who is currently head of capital markets origination for Citi Australia and New Zealand based in Sydney, will step into the role. McLean has been ...

APRA closes Westpac probe

ELIZA BAVIN | FRIDAY, 12 MAR 2021

APRA has closed its investigation into possible breaches of the Banking Act 1959, including the Banking Executive Accountability Regime (BEAR), by Westpac. APRA launched the investigation into Westpac last year following allegations by AUSTRAC that ...

APRA hands reins to ASIC in AUSTRAC case

ALLY SELBY | THURSDAY, 18 JUN 2020

... obligations under the Banking Executive Accountability Regime (BEAR) and standards of fitness and propriety under the Banking Act to ASIC. In November last year, AUSTRAC exposed 23 million money laundering breaches using Westpac's now-defunct international ...

Westpac forks out $80m for AUSTRAC scandal

ELIZA BAVIN | THURSDAY, 20 FEB 2020

Westpac said it expects $80 million in additional expenses in FY20 as parts of its response plan in relation to the AUSTRAC scandal. The bank provided a company update to the ASX, in which it outlined its progress on its response plan for the AUSTRAC ...

Westpac served class action

JAMIE WILLIAMSON | WEDNESDAY, 18 DEC 2019

... problems. Earlier this week, APRA launched its own official investigation into Westpac for possible breaches of the Banking Act, including the Banking Executive Accountability Regime. The investigation will focus on the conduct that led to AUSTRAC's ...

APRA joins in on Westpac scrutiny

ELIZA BAVIN | TUESDAY, 17 DEC 2019

APRA has launched a formal investigation into Westpac for possible breaches of the Banking Act. The prudential regulator said the investigation will focus on the conduct that led to AUSTRAC launching its criminal charges against the bank over an alleged ...

Macquarie merges private wealth businesses

KANIKA SOOD | THURSDAY, 17 MAY 2018

Macquarie Group is consolidating its private bank and private wealth businesses to concentrate its growth strategy on high net-worth (HNW) clients, a move it expects to affect advisers. HNW clients are already the exclusive focus of Macquarie's private ...

BEAR closer to legislation

KARREN VERGARA | FRIDAY, 20 OCT 2017

... Incorporating the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017 to the Banking Act will bring tough new rules and greater accountability to bank executives, Treasurer Scott Morrison said. "Under the BEAR, banks ...

Bank love affair with wealth management waning

KERRIE SYDEE | MONDAY, 16 MAY 2016

The wealth management industry has been embroiled in one scandal after another and as it struggles to meet both shareholder and customer demands, a number of big players are re-evaluating their commitment to wealth management. Unlike many international ...

PAGE:

BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

Videos

Brought to you by

Strength amid noise

Follow the leaders

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

Maintaining a fundamental focus in a world obsessed with the short term

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

The market has changed. The opportunity hasn't.

A guaranteed future

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE