Bank Executive Accountability Regime

BANK EXECUTIVE ACCOUNTABILITY REGIME

Policy & Regulation

FSC warns of increased expense under Financial Accountability Regime

Experience in the United Kingdom suggests it may be a lot more expensive to recruit and retain senior executives under the Government’s proposed new Financial Accountabil...

Policy & Regulation

Would you work for a super fund if your salary was at penalty risk?

Attracting talent to superannuation funds could become problematic under the Government’s move to extend the Bank Executive Accountability Regime to the superannuation in...

Policy & Regulation

Government outlines extension of BEAR to super funds

Superannuation fund executives and trustees will find themselves the subject to the equivalent of the Bank Executive Accountability Regime under proposals outlined by the...

Policy & Regulation

APRA foreshadows getting ‘constructively tough’

The Australian Prudential Regulation Authority has signalled its intention to emulate the Australian Securities and Investments Commission by more frequently publishing t...

Policy & Regulation

Should ASIC executives be subject to the BEAR?

Australian Securities and Investments Commission chairman, James Shipton has signalled his intention to subject his own executives to the same terms and conditions as the...

Policy & Regulation

Pressure still building for Royal Commission

The Finance Sector Union has backed measures like the Sedgewick Inquiry and the Bank Executive Accountability Regime but argues that only a Royal Commission will really w...

Financial planning

Morrison cites planners on fairness of BEAR

Senior bank executives are being treated little differently to planners under the terms of the Bank Executive Accountability Regime, according to Federal Treasurer, Sco...

Financial planning

Govt panel backs tougher ASIC banning powers

A Government-appointed panel has backed giving the Australian Securities and Investments Commission greater powers to ban miscreant financial services executives, but no...

Financial planning

Extend BEAR to other executives says ASIC chairman

Australian Securities and Investments Commission chair, Greg Medcraft has canvassed extending the Bank Executive Accountability Regime to other financial services industr...