All posts tagged "Royal Commission"
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324Australia & NZAPRA Uses New Directions Powers Against AMP Super
AMP superannuation units have been ordered to make significant changes to their business practices, and to renew and strengthen their board.
June 17, 2019 -
1.1KContributed ArticleHong Kong: An Ecosystem Approach to Bank Culture Reform
The HKMA is addressing culture and conduct risk by learning from other markets, engaging with other regulators, and exploring new technology, say Jeff Kupfer and Stephen Scott at Starling Trust.
May 21, 2019 -
1.4KAustralia & 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 -
1.3KAustralia & NZTechnology Driven Changes Afoot in the Australian Banking Sector
Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
May 7, 2019 -
335UncategorisedWestpacs Provision Extra A$510mn for Customer Remediation
Misconduct linked to the issues identified by the royal commission could cost Australia’s four largest banks up to A$10bn.
May 2, 2019 -
416Australia & NZAPRA Revises Prudential Standard to Enhance Superannuation Outcomes
The revisions will require superannuation licensees to review their performance, analyse member outcomes, and take action to address areas that require improvement.
May 2, 2019 -
626Australia & NZNew Zealand Proposes Ways to Improve Banking Conduct, Culture
The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.
May 1, 2019 -
320Australia & NZFinancial Planners Worry About AFCA’s Extended Powers
The FPA says advisers are worried old cases will be judged against newer, stricter advice standards and they may not be covered by professional indemnity insurance.
April 25, 2019 -
344Australia & NZNAB Provisions Extra A$750mn for Customer Refunds
The additional provisions reflect expected payouts for NAB's employed advisers, and the costs to review advice provided by its self-employed adviser network.
April 19, 2019 -
463Australia & NZ
APRA Adopts New, Tougher Enforcement Approach
Under the new enforcement approach, APRA will be more willing to use its full range of powers to deter bad practices and hold entities and individuals to account.
April 17, 2019
