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Showing 1 - 10 of 429 results for "Remediation"

ART beefs up analytics team

ELIZABETH FRY  |  THURSDAY, 12 DEC 2024
... Before the four years with VFMC, she worked at Latitude Financial as general manager of transformation, conduct and remediation. She was previously the head of ANZ Group Services and ran several of the lender's businesses, including ANZ Trustees ...

More work to do on reportable situations compliance, ASIC says

JAMIE WILLIAMSON  |  WEDNESDAY, 4 DEC 2024
... However, the average time to report a breach to ASIC after it first occurred was 534 days. The average time to finalise remediation programs after a breach first occurred was 632 days. ASIC said it will be doing further work in 2025 to determine how ...

Half of advice, super complaints result in no remedy

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... involves a slow or delayed service, and includes call-wait times, lengthy in-person queues, delays in providing a remediation outcome, difficulties in obtaining a booking or appointment, third-party timelines and their related delays," the report said. ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... trades over a 20-month period. The fictitious trades also cost MBL an estimated US$58 million ($89 million) through remediation processes. The FCA said that from June 2020 to February 2022, Travis Klein, a relatively junior trader from MBL's metals and ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... has made we have seen a 53% reduction in long standing claims since August 2023." The fund expects the death claims remediation program will be substantially completed by the middle of next year and a dedicated team has been established to support affected ...

Licensees pay $92m in compensation

ELIZA BAVIN  |  FRIDAY, 1 NOV 2024
... and covers licensee population reporting, breach identification and investigation, root causes, consumer impact and remediation efforts. During the period, licensees submitted 12,298 reports. Of these, 79% had a financial and/or non-financial impact ...

Operational risk reserve targets trimmed for larger funds

JAMIE WILLIAMSON  |  THURSDAY, 24 OCT 2024
... requirements of CPS 230 Operational Risk Management via ORFR, including the management and prevention of instances and remediation where weaknesses are identified.

TradingHub makes Australian debut

MATTHEW WAI  |  TUESDAY, 10 SEP 2024
... management at the ASX and most recently the executive general manager of one of Commonwealth Bank's financial crime remediation unit. "David and Michael's vast financial, regulatory and technology experience will not only help the Australian financial ...

Insignia Financial hires expert to boost brand exposure

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... halted dividends in the process and blamed transformation and separation costs for the loss, as well as an increased remediation bill.

ANZ hit with $250m capital penalty

ELIZA BAVIN  |  FRIDAY, 23 AUG 2024
... to reflect deficiencies in its risk governance. That capital add-on has remained in place as the bank implemented a remediation program, APRA said. However, despite the program being in place for several years, APRA flagged that it has yet to observe ...
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