The APRA Teddy Bear growls

In a non-too subtle attempt to get on the front foot before being flayed by the Financial Services Royal Commission next month, APRA has published an information paper outlining how banks will be expected to meet their obligations under the new Banking Executive Accountability Regime (BEAR).

[Note An edited version of this article, by Pat McConnell and Benjamin Koh, appeared in Australian Banking and Finance on 22nd October 2018.  Many thanks to editor Elizabeth Fry.]

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JPMorgan – Yet another Conflict of Interest Problem

So much for shiny, new Codes of Conduct.

Tidying up before the end of the financial year, JPMorgan Chase and the Securities and Exchange Commission (SEC) and the Futures Trading Commission (CFTC), agreed a fine of $307 million on the company and unusually an admission of wrongdoing [1].
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