BAER

Financial planning

Extend BEAR to planning executives say consumer groups

CHOICE and the Consumer Action Law Centre has called for the involvement of ASIC and the extension of the Bank Executive Accountability Regime to planning executives....

Policy & Regulation

Some scandals would have been caught by the BEAR

The Australian Prudential Regulation Authority says some of the recent banking scandals would have been captured by the BEAR, but not all....

Policy & Regulation

Academics warn of consequences for APRA from BEAR

Three senior legal academics will today tell a Parliamentary Committee that there exists a risk that the Bank Executive Accountability Regime will change the way in which...

Policy & Regulation

BEAR risks distorting financial services remuneration

The Australian Shareholders Association has warned the Bank Executive Accountability Regime risks distorting executive remuneration not just within the banks but across t...

Financial planning

BEAR not about bank bashing

The BEAR regime legislation has teeth and is needed to restore the public’s faith in the financial services system, according to Federal Treasurer Scott Morrison....

Financial planning

BEAR will make bank wealth and insurance uncompetitive

The Australian Bankers’ Association has warned that extending the BEAR to cover bank-owned wealth and insurance businesses risks making them uncompetitive....

Financial planning

Will CBA executives be first to feel bite of BEAR?

The Australian Prudential Regulation Authority may find itself with discretion to use the new Bank Executive Accountability Regime at the end of its probe into the Common...