Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

A memorable appearance

Outsider/ASIC/Joe-Longo/Cathie-Armour/

26 November 2021
| By Outsider |
image
image image
expand image

Appearing before the Senate economics committee via video link with all the associated technical difficulties and political grilling must be a nerve-wracking experience, Outsider can imagine, but it surely can’t be helpful or reassuring for you if the committee cannot remember your name. 

While ASIC chair, Joe Longo, and commissioner, Cathie Armour, are regulars before the committee, Dr Rhys Bollen, has made fewer appearances at the hearings. 

Bollen, who is senior executive leader for insurers, was speaking before the committee on the topic of the collapse of the Sterling Income Trust but not once, but twice, the committee forgot his name. 

Outsider sympathises with the committee, he too sometimes forgets the names of men in financial services. They are not exactly a diverse group of people even if they are a very successful group of people. Going with ‘John’ is usually a pretty safe bet, given at one point there were 32 ASX CEOs hailing by that name. 

Luckily, the committee are in good company at being forgetful, even US President Joe Biden cannot remember the name of his Australian counterpart, describing the Prime Minister as “that fella down under” at the recent AUKUS naval summit.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 5 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 5 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

3 weeks 6 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3