Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 70 results for "Trio Capital"

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA  |  TUESDAY, 24 MAR 2026
... counting on the Operational Risk Financial Requirement (ORFR), which can be activated in the same way that victims of Trio Capital were remediated. In a case of deja vu, the catastrophes of Shield and First Guardian have set off unsavoury repercussions ...

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... super funds' Operational Risk Financial Requirement (ORFR) should be activated in the same way that victims of Trio Capital were remediated. "Use of the ORFR to remediate member losses would reinforce trust in Australia's wealth management and ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... said super funds' Operational Risk Financial Requirement (ORFR) should be activated in the same way that victims of Trio Capital were remediated. "Use of the ORFR to remediate member losses would reinforce trust in Australia's wealth management and superannuation ...

Rating the rating houses: How much do advisers rely on fund research?

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
... many companies that were highly rated by research houses collapse such as Timbercorp, Westpoint, Basis Capital and Trio Capital," he said. FASEA Standard 5 and Standard 6 are front of mind when advisers make product recommendations. Standard 5 states ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... concern for the industry, particularly as retail investors suffered substantial financial losses from the likes of Trio Capital. "The Trio case exposed a significant gap in the compensation options available to many investors and highlights the need ...

Financial crime victims fume at Shipton, Crennan

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 OCT 2020
... expense". VOFF secretary John Telford wrote to Senator Penny Wong informing her that VOFF's activism in relation to the Trio Capital fraud had been ignored by Shipton. He said that in 2018, the group wrote to Shipton and asked him to please inform authorities ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
... process. "These concerns were heightened after this loophole contributed to the fraud that precipitated the collapse of Trio Capital in 2009. The closure of this legislative gap will ensure anyone seeking to acquire a substantial stake in an APRA-regulated ...

Enforceable undertakings are effective: Research

KARREN VERGARA  |  FRIDAY, 26 OCT 2018
... Commission for being toothless tigers. APRA deputy chair Helen Rowell said the prudential regulator banned one person (Trio Capital director David Millhouse) and disqualified 133 people for not being fit and proper in the last decade. APRA prefers not ...

Frydenberg slams financial sector greed

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... confirmed the prudential regulator has banned just one person from being a responsible person - a director in the Trio Capital debacle - since laws removed APRA's ability to administratively ban somebody on the basis they are not fit and proper.

APRA to reopen old wounds for CBA, IOOF

KARREN VERGARA  |  WEDNESDAY, 5 SEP 2018
... APRA said. During her testimony, APRA deputy chair Helen Rowell said the prudential regulator banned one person (Trio Capital director David Millhouse) and disqualified 133 people for not being fit and proper in the last decade. APRA prefers not to escalate ...
PAGE:
1
PREVIOUS
NEXT