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Wednesday 28 March 2018




Financial Review

The EU Competition Commissioner has threatened to break up Google.

According to a report by the AFR, this comes shortly after the revelations that Cambridge Analytica used Facebook data while working for the Trump campaign.

Margrethe Vestager, European Commissioner for Competition, said her officials have ”grave suspic...

By Kwame Slusher

Wednesday 28 March 2018




Financial Review 

Matt Comyn, new CEO of the Commonwealth Bank of Australia (CBA), said he will be building a strong executive team that can be trusted.

"As incoming CEO, I am focused on building an executive leadership team that will work to exceed the expectations of our customers, the community and regulators; rebuild the trust and pri...

By Kwame Slusher



The Organisation for Economic Cooperation and Development (OECD) 
found that Australia has lower penalties in comparison with other member states, especially for large firms and anti-competitive behaviour.

These are the findings in the recently-released report, Pecuniary Penalties for Competition Law Infringements in Australia 2018.

“The ACC...

By Kwame Slusher

Tuesday 27 March 2018



Women & Leadership New Zealand (WLNZ) is excited to announce a new pool of scholarship funding is available for women working in the professional services sector to undertake a range of leadership development programs.

Applicants have until April 27th to
apply 



Interview  

Tell me little about Women & Leadership New Zealand. How did it...

By Kwame Slusher

Monday 26 March 2018



A supportive rather than punitive relationship between regulators and regulated entities will yield better results.
 
At the 2018 ASIC forum, Maintaining Trust, Christopher Hodges, Professor of Justice Systems at Oxford University, examined ways to build trust between the regulator and regulated entities, while highlighting the fact that there ...

By Kwame Slusher



The Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC) have signed an enhanced cooperation agreement. This comes just few days after ASIC hosted their 2018 Forum that focussed on trust, and extends their previous agreement from fintech innovation to their innovation hubs, respectively.

 “Today’s en...

By Kwame Slusher



The Financial Market Authority (FMA) has released its follow-up report to their 2016 review of the advice being given to customers from the insurance replacement sector and the impact of conflict of interest.

In this report, the Update on the FMA’s ongoing review of insurance replacement business and conflicted conduct, the FMA identified seve...

By Kwame Slusher

Thursday 22 March 2018



Long Read 


In the whistleblowing panel at the 2018 ASIC Forum, one of the major themes addressed was that of compensation.
 
But what does compensation mean in the context of the whistleblowing? Is there a compensation element in the Australian framework, and how might it impact the Securities and Exchange Commission?
 
The event opened wi...

By Kwame Slusher

Thursday 22 March 2018



The likelihood of an employee coming forward to report wrong-doing is connected to the power of the wrong-doer and also to the level of managerial support the employee feels they will receive.
 
During the Blowing the Whistle Panel event at the 2018 ASIC Forum, Marcia Miceli, Professor of Management, The McDonough School of Business, Georgetown...

By Kwame Slusher

Thursday 22 March 2018




News Summary

The Productivity Commission’s solution to improve competition in the financial services may be detrimental for the Australian economy, according to the banks.

Commonwealth Bank of Australia (CBA) said in their response that it was important that any new regulation to stimulate competition in the financial sector needs to take...

By Kwame Slusher