Victoria Weeks named as new president of FINSIA

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FINSIA, the leading Australasian financial services industry-wide body, has elected the professional non-executive director who has more than 25 years experience as a senior executive in the financial services sector as its new President. Victoria, who has been a member of FINSIA and its predecessor organisation the Securities Institute since 1996, takes over from David […]

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FINSIA biannual Gender Divide Survey shows need for change but different views on what this means

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FINSIA, the leading Australasian financial services professional body, has launched its biannual report on The Gender Divide in Financial Services.  The report reveals gender inequality is levelling out with a general recognition of the need for change, but the industry needs to go much further. FINSIA’s benchmark survey – the fifth carried out since 2010 […]

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FINSIA education to help tackle financial crime costing Australians billions

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FINSIA, the leading Australasian financial services professional body, has launched a new suite of ground-breaking interconnected professional qualifications focused on risk management and cyber-crime in conjunction with the Chartered Institute for Securities & Investments (CISI). Global Financial Compliance, Risk in Financial Services, Managing Cyber Security, and Combatting Financial Crime professional qualifications are available online and […]

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Exclusive consumer survey shows alarming overconfidence in financial literacy vs capability

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Consumer Research released by FINSIA uncovers a real power imbalance of financial knowledge and a high level of vulnerability which the industry must tackle to have any hope of restoring trust. More than three quarters of consumers failed to grasp basic financial concepts like tax and inflation, yet almost two thirds are over confident in […]

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FINSIA’s first response to Royal Commission

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FINSIA CEO Chris Whitehead said “While it will be some time for all the ramifications of the Royal Commission recommendations to filter through, FINSIA is committed to helping implement reform in a timely and effective manner. “It is clear he has concluded the core issues are: Cultural reform Stronger enforcement Eliminating conflicted remuneration models “We recognise there will be significant […]

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Bankers need to get on front foot to restore trust

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A new set of global standards is the way forward to change banking culture. Chris Whitehead, FINSIA CEO said: “As we wait for the final report of the Royal Commission, I have mixed feelings. We have had 12 months to come together to forge an industry-wide framework to restore trust in banking. “However, whilst banks […]

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FINSIA keeps pushing for professionalism in its submission to the Hayne Inquiry

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FINSIA, the Financial Services Institute of Australasia, keeps pushing for professionalisation by advocating for uniform standards of conduct and competence for individuals in its second submission to Commissioner Hayne’s inquiry. FINSIA set out its strong belief that professionalism is a major part of achieving the best outcome for the community in its first submission.  In […]

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Rebuilding a culture of trust in financial services FINSIA launches gold standard in banking

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FINSIA, the Financial Services Institute of Australasia, has launched the Chartered Banker, the industry’s internationally recognised gold standard in banking in Australia and New Zealand. Chris Whitehead, FINSIA CEO says, “FINSIA is focused on raising standards of professionalism in Australasian Banking. We are excited to introduce the Chartered Banker designation, which recognises senior bankers committed to […]

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FINSIA calls for overhaul of superannuation sector

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FINSA has called for the fundamental purpose of superannuation to be legislated to protect the retirement interests of all working Australians. In its submission to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (RBC), FINSIA asserts that without political support for superannuation’s primary objective ‘to provide income in retirement to […]

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FINSIA outlines blueprint for the professionalisation of financial services industry

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FINSIA, the Financial Services Institute of Australasia, responds to the Royal Commission and sets out the fundamental steps required for an effective self-regulation model/framework to ensure a commitment to professionalism in the financial services industry. FINSIA’s submission sets out three key recommendations to assist in achieving this: Establish professional standards of conduct and competence for […]

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