All posts tagged "Kenneth Hayne"
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357Australia & NZASIC, APRA Granted New Intervention Powers
ASIC can intervene where financial and credit products put consumers at risk; APRA can intervene to prevent harm to superannuation members.
April 5, 2019 -
336Australia & NZAustralia Budget Delivers Additional Funding for APRA, ASIC
APRA and ASIC will get more than A$550mn in funding to enhance their effectiveness in addressing financial sector misconduct.
April 4, 2019 -
638Australia & NZAustralia Consults on Making Industry Codes Legally Enforceable
The Treasury is proposing legislative amendments to make industry codes of conduct legally enforceable, where contraventions will constitute a breach of the law.
March 19, 2019 -
353Australia & NZAustralia Reverses Course on Mortgage Broking Trail Commissions
Following strong industry backlash, the Australian government has decided not to prohibit trail commissions for mortgage brokers, and instead conduct a review into the issue in 3 years.
March 13, 2019 -
487Australia & NZAPRA Issues Update on Implementation of Hayne Recommendations
APRA details the work already underway to implement the Recommendations and confirms it is examining the 12 matters referred by the Royal Commission.
February 12, 2019 -
593Australia & NZMortgage Brokers Push Back Against Hayne Recommendations
A blanket ban on commissions as suggested by Kenneth Hayne would have a “devastating effect” on mortgage broking industry, says MFAA CEO Mike Felton.
February 8, 2019 -
605Australia & NZNAB Chief Steps Down Amid Royal Commission Criticism
Commissioner Hayne said in his Final Report that NAB “stands apart” from the other major banks and questioned whether its senior leadership was capable of reforming the bank’s culture.
February 8, 2019 -
755Australia & NZ
Royal Commission Final Report Packs a Powerful Punch
The Final Report on Australia's Royal Commission packs a swift and powerful punch which may well be felt for some time, says public policy specialist Matthew Chan.
February 5, 2019 -
403Australia & NZ
ASIC Officials Fear Excessive Focus on Litigation – Report
While ASIC officials talk up plans to fund more court cases, behind the scenes they are reportedly concerned about the community backlash and loss of confidence if cases are lost.
January 21, 2019 -
525Australia & NZAustralia’s Public Prosecutor Gets A$50mn to Go After Banking Misconduct
Australia to provide approximately A$50 million for public prosecutions and federal court to expand staff and capacity to litigate banking and financial institution misconduct cases.
November 19, 2018
