Royal Commission: ASIC rethinks negotiation tactics
KARREN VERGARA  |  FRIDAY, 23 NOV 2018
ASIC chair James Shipton has admitted the corporate regulator was too reliant on negotiating resolutions with financial services firms and flagged litigation could take precedence, the Royal Commission heard.
Misconduct matters, but stability key for Frydenberg
HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
Treasurer Josh Frydenberg said the Government eliminating misconduct was important, but the Government has other considerations to bear when implementing the Royal Commission's final recommendations.
Court fines stockbroker $350k
KARREN VERGARA  |  THURSDAY, 22 NOV 2018
The Federal Court has ordered a stockbroking firm to pay a $350,000 penalty for failing to comply with Market Integrity Rules.
CBA board ignored key issues in deciding executive pay
KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The Commonwealth Bank board ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard.
UBS fined for careless conduct
DARREN SNYDER  |  WEDNESDAY, 21 NOV 2018
ASIC's Markets Disciplinary Panel confirmed UBS Securities paid a $120,000 fine for breaching market integrity rules over a series of trades on the ASX in 2017.
Comyn promises personal accountability
KARREN VERGARA  |  TUESDAY, 20 NOV 2018
CBA chief executive Matt Comyn told the financial services Royal Commission how he plans to overhaul the bank that was "once great" under his leadership, but flagged there might be "missteps" along the way.
Apologies are over: Royal Commission looks to future
HARRISON WORLEY  |  MONDAY, 19 NOV 2018
The final round of the financial services Royal Commission will ask chief executives at Australia's largest wealth management companies how to prevent this same misconduct ever happening again.
AFCA creates small businesses ombudsman role
KARREN VERGARA  |  FRIDAY, 16 NOV 2018
The newly established Australian Financial Complaints Authority (AFCA) will appoint an ombudsman dedicated to helping small businesses resolve disputes with their financial service providers.
Frydenberg splashes $50m to pursue financial services crime
HARRISON WORLEY  |  FRIDAY, 16 NOV 2018
The Federal Government is spending an additional $50 million to increase efforts in prosecuting financial misconduct.
ASIC bans Perth adviser
KANIKA SOOD  |  THURSDAY, 15 NOV 2018
ASIC has banned a Perth-based adviser after a court found he stole more than $100,000 of superannuation money from his clients.
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