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Showing 1 - 10 of 16 results for "Opening Statement"

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... Federal Reserve has raised rates by 0.5%, the most aggressive interest rate increase in over 20 years. In his opening statement, Federal Reserve chair Jerome Powell said: "Inflation is much too high, and we understand the hardship it is causing, we're ...

NAB revamps superannuation trustee board

KANIKA SOOD  |  TUESDAY, 14 JAN 2020
... from a previous four as at September end. NAB first signaled the additions in NULIS chair Peter Promnitz's opening statement to the House of Representatives. "Our four new directors possess diverse and extensive experience in financial services ...

Byres warns not to spread APRA too thin

HARRISON WORLEY  |  MONDAY, 12 AUG 2019
... traditionally done," Byres said. "The capability review and indeed the other reviews that John mentioned in the opening statement gave us a range of recommendations that we should do more of or do more intensively, or do more frequently. Unfortunately ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... executive Philip Chronican has acknowledged the institution needs to go to great lengths to repay customers. In his opening statement to the House of Representatives Standing Committee on Economics, Chronican began by saying: "Let me start by acknowledging ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
Australia's superannuation sector in trying to digest the Productivity Commission's 700-page report with its 31 recommendations need to keep in mind the massive structural problems it is trying to fix. The fundamental problem that has perplexed ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
... the votes cast will be 'against' the remuneration report. Chief executive Andrew Thorburn said in his opening statement that NAB has completed its refunds of plan service fees, and the issue affecting more than 304,000 customers has been closed. ...

Apologies are over: Royal Commission looks to future

HARRISON WORLEY  |  MONDAY, 19 NOV 2018
... Australia's largest wealth management companies how to prevent this same misconduct ever happening again. Making her opening statement this morning, counsel assisting Rowena Orr said the Royal Commission's seventh round of hearings would focus ...

Royal Commission seeks further disclosure over financial misconduct

DARREN SNYDER  |  MONDAY, 12 FEB 2018
Commissioner Kenneth Hayne had to repeatedly ask some of Australia's largest financial services businesses to properly explain the nature, extent and effect of any misconduct over the past five to 10 years. Overseeing the Royal Commission into the Misconduct ...

Royal Commission begins in February

JAMIE WILLIAMSON  |  TUESDAY, 23 JAN 2018
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry is calling for submissions ahead of its first hearing on Monday, 12 February 2018. The initial public hearing, which will see the Commissioner and Senior ...

We have made mistakes: CBA

KARREN VERGARA  |  TUESDAY, 7 MAR 2017
... appear here, there will be a much longer, and still continuing, list of practical actions taken," he said in his opening statement. In the five months since the first round of the inquiry, CBA appointed a customer advocate to be a voice for customers ...
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