Temasek said members of its investment team took collective accountability for the investment in FTX and hence took a pay cut.
May 29, 2023ASIC said AMP charged insurance premiums and advice fees to more than 2,000 customers despite being notified that they were deceased.
May 22, 2023The suit means that investors representing up to a third of the $17bn in AT1 bonds issued by Credit Suisse have now launched legal action.
May 4, 2023The inclusion of climate-related metrics in compensation frameworks is at an "early, evolutionary stage" and is focused on executive and senior management.
April 24, 2023The reforms include expanding the use of malus and clawback of deferred pay and requiring disclosures of the amounts paid to individual executives.
April 24, 2023Only 13 percent of scam payments made by customers were detected and stopped by the big four banks. Customers were "overwhelmingly" the bearer of scam losses.
April 20, 2023Dubai's VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance's Australia derivatives business and has cancelled its licence.
April 6, 2023The proposed bill would require the FDIC to claw back "all or part" of the compensation paid to executives in the five years preceding a bank’s failure.
April 4, 2023Joe Biden is asking Congress to make it easier for regulators to fine and ban executives of failed banks and claw back compensation.
March 21, 2023As of end December, the major banks paid or offered to pay almost AUD 4.7 billion (USD 4.2 billion) in compensation to over 1.6 million customers.
March 15, 2023