All posts tagged "Kenneth Hayne"
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370Australia & NZAustralia: Changes to the Banking Code of Practice Go Live
The changes include guaranteed features for basic bank accounts and the removal of overdraft and dishonour fees on basic, low fee or no fee accounts.
March 2, 2020 -
439Australia & NZNAB Units Face Class Action for Mismanaged Superannuation
The case will focus on NAB's alleged failure to transfer A$6.3mn of accrued default amounts to MySuper in a timely fashion, as required by law.
January 27, 2020 -
225Australia & NZASIC Launches Climate Risk Governance Surveillance Programme
ASIC has started contacting large companies as part of an investigation into climate risk governance. The findings are expected in July 2020.
December 12, 2019 -
442Australia & NZABA Backs Proposal for Bank-Funded Financial Counselling
A review of Australia's financial counselling sector has recommended that the big four banks fund half of the initial contributions immediately needed to expand delivery of such services.
October 7, 2019 -
723Australia & NZ
ASIC Focuses on Misconduct in Four-Year Corporate Plan
ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.
August 29, 2019 -
426Australia & NZASIC Ordered to Pay Westpac Costs in Case Dismissal
In September, Westpac admitted to breaching responsible lending laws and agreed to a A$35mn settlement with ASIC. The settlement was rejected and the case has been dismissed.
August 14, 2019 -
441Australia & NZAustralia Introducing Bill to End Conflicted Remuneration
Draft bill to end unfair terms in insurance contracts released on Tuesday; bill to end grandfathering of conflicted remuneration to being introduced Thursday.
July 31, 2019 -
2.6KAustralia & NZAustralia: Banking Misconduct Drives Search for RegTech Remedies
Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.
May 8, 2019 -
645Australia & NZ
ASIC, 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 -
629Australia & 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
