financial accountability regime

FINANCIAL ACCOUNTABILITY REGIME

Financial planning

Jones urges passing of CSLR bill this month

Stephen Jones has called on the Government to pass the Compensation Scheme of Last Resort bill this month, stating consumers have “waited long enough” for redress. ...

Policy & Regulation

FAR allows regulators to choose between regimes

Misconduct under the proposed Financial Accountability Regime could result in liability under it and existing regimes, particularly with design and distribution, breach r...

Policy & Regulation

No recourse to members’ money for super funds that err

Superannuation fund trustees will not be able to resort to members’ funds held in trust to pay civil penalties arising from the new Financial 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...