Search ResultsShowing 1 - 10 of 26 results for "Banking Executive Accountability Regime"
Westpac served class action
JAMIE WILLIAMSON  |  WEDNESDAY, 18 DEC 2019
... 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 investigation as well as the bank's efforts ...
APRA joins in on Westpac scrutiny
ELIZA BAVIN  |  TUESDAY, 17 DEC 2019
... Westpac, its directors and/or its senior managers breached the Banking Act - including the Banking Executive Accountability Regime (BEAR) - or contravened APRA's prudential standards," the regulator said. "Given the magnitude and nature of the issues ...
Regulators circle as scandal engulfs Westpac
ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... would confirm by the end of the month whether it would launch legal proceedings under the Banking Executive Accountability Regime (BEAR) against the besieged bank. It comes nearly two weeks after AUSTRAC's explosive exposure of 23 million money laundering ...
APRA proposes new remuneration standard
KARREN VERGARA  |  TUESDAY, 23 JUL 2019
... collective accountability. Deputy chair John Lonsdale said CPS 511 would complement the Banking Executive Accountability Regime to lift industry standards of accountability and reduce the likelihood of misconduct. "Limiting the influence of financial ...
APRA forced to overhaul culture, capabilities
KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... being appointed or re-appointed to regulated entities (which is part of the extended the Banking Executive Accountability Regime), and considering changes to its regulatory framework, which includes reviewing penalties. The Government will establish ...
APRA self-assesses shortcomings
KARREN VERGARA  |  WEDNESDAY, 1 MAY 2019
... including their skills and experience. Given the banking Royal Commission advocated for the Banking Executive Accountability Regime (BEAR) should be extended to superannuation, APRA said it is working with the Government to implement this recommendat ...
Regulators receive pre-Budget funding boost
HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... superannuation. APRA's extra $150 million in funding will see the prudential regulator extend the Banking Executive Accountability Regime (BEAR) to all APRA-regulated entitles, including super funds and insurers; and greater supervision intensity across ...
Royal Commission will guide remuneration standard: APRA
DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
... and accountability. He said the regulator has consistently supported the view that the Banking Executive Accountability Regime (BEAR) cover other APRA-regulated industries such as superannuation and life insurance. He also reminded the industry that ...
Superannuation to face BEAR: Hayne
KARREN VERGARA  |  TUESDAY, 5 FEB 2019
The Banking Executive Accountability Regime should be extended to superannuation. This is one of nine recommendations for the superannuation sector Commissioner Kenneth Hayne has pushed for in his final report released overnight. The BEAR came into ...
Commonwealth FP fails to meet EU obligations
JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... supposed to be provided from Commonwealth Bank's accountable person - as under the Banking Executive Accountability Regime - around CFPL's remediation efforts. The attestation and final report were due on 31 January but were not delivered. Instead ...
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