We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASIC goes nuclear on CBA ahead of royal commission reportASIC has banned CBA's financial planning business from charging any fees or taking on new customers after the regulator determined that the bank hadn’t yet properly fixed the weeping sore of fees for no service. Banksters As long as there's EFT for wages the bank's don't give a hoot. Nothing like the impetus of a damning report into financial institutions AND the regulators to make ASIC move on the most blatant purveyors of corporate criminality, stealing by deception. Pity the regulator, with too many from the corporate sector in their number, waited so long
Source: theage - 🏆 8. / 77 Read more »
ASIC goes nuclear on CBA ahead of royal commission reportIt looks like no accident of timing that the corporate regulator has launched a nuclear strike against CBA in the hours leading up to the release of the final report of the banking royal commission. ASIC is a toothless tiger .. late to the party too Coolios, so who’s been arrested? No one, nothing to see here. Now move along ...
Source: smh - 🏆 6. / 80 Read more »
Banking royal commission expected to be hard on regulators | Sky News AustraliaWhistleblower Jeff Morris says he believes the banking royal commission will be hard on regulators, after a senate committee in 2014 found that Australian Securities and Investments Commission (ASIC) was a ‘weak and hesitant’ regulator. \n\nMr Morris says that it is clear from the hearings of the royal commission that ASIC and Australian Prudential Regulation Authority (APRA) have been ‘missing in action’ regulators. \n\nCommissioner Kenneth Hayne’s final report will be released on Monday, three days after it was delivered. \n\n\n\n\n\n\n\n\n\n MichaelRoddan Will any be Liberal MPs MichaelRoddan There’s a big line up for the CDPP. By the time the next election they might have had one case.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Live: Government 'taking action' on all 76 banking royal commission recommendationsBREAKING: Banking royal commission has referred several institutions to ASIC for possible criminal charges, but declined to name names Why would they decline to name names? Because of the damage to the reputation to people who may be blameless.
Source: abcnews - 🏆 5. / 83 Read more »
Financial institutions face possible charges following final banking royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n RichardDiNatale A man with no empathy. Politicising natural disasters while they’re still happening is just not on. Why is your excuse of the fires in the early 1900’s, 1930’s. They definitely weren’t caused by digging up coal. Is Richard trying to be relevant? What has Richard got to say about Greens bullying allegations? auspol skynews abc RichardDiNatale Need a regulator with teeth? That sounds like a Marxist crocodile to me. What needs to happen is the culprits are punished to the full extent of the law. Imprisoned. The laws are adequate but the courts aren't.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Financial institutions face possible charges following royal commission report | Sky News AustraliaThree financial institutions could face possible criminal charges after the final report into the banking royal commission was publically released.\n\nBanking royal commissioner Kenneth Hayne QC has made at least 20 civil and criminal referrals to APRA and ASIC within the 76 recommendations handed down in the report - involving companies including the Commonwealth Bank, NAB, ANZ and AMP but stopped short of calling for individual banking executives to be prosecuted.\n\nMr Hayne said he was not confident NAB had learned the lessons from the past as he criticised its CEO Andrew Thorburn and chair Dr Ken Henry.\n\n\n\n\n\n\n
Source: SkyNewsAust - 🏆 7. / 78 Read more »