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Firms' recruitment policies and procedures require substantial change if they are to meet regulators' new diversity requirements and improve their ability to attract and retain suitable. ....
Why you should be excited about Open Banking miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Victorian government rebuffs Crown's attempt at 'interference' afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Australian regulator Westpac complained of alleged internal trafficking Australian corporate watchdog accuses Westpac of allegedly insider trading and licensing in a $ 12 billion ($ 9.3 billion) debt deal associated with the privatization of the nation’s largest electricity distributor. The case presented by the Australian Securities and Investment Commission on Wednesday is expected to shed light on the trading of derivatives and the opaque world of the domestic market. controls according to assets in the second largest bank in the country. Allegations Westpac is trying to rebuild its reputation after allegations of money laundering popular poll deteriorating behavior of the financial sector. In a statement, Asic said allegations related to Westpac’s role in carrying out the largest interest rate swap transaction in Australia’s history on behalf of pension funds bought by Ausgrid energy company from the New South Wales government in 2016. ....
Macquarie University/The Lighthouse After a string of scandals in Australia’s banks, Macquarie Business School research shows that a new regime to make banking executives accountable is working – for now, writes Dr Dominic Canestrari-Soh. In the wake of a series of misconduct scandals in the banking industry including shonky financial advice, mis-selling of financial products and charging fees for no service, the Banking Executive Accountability Regime, or the BEAR as it is more commonly referred to, was introduced in mid-2018. Buck stops here: Under the BEAR, banks are required to allocate specific responsibilities to senior executives and directors, in order to stop them hiding behind ignorance and group decision-making. ....