A judgement is expected this morning in the class action against ANZ over penalty fees. Litigation funder IMF has backed a case run by Maurice Blackburn on behalf of 43,500 bank customers. In a one-week hearing in December, the Federal Court, reviewed complex analysis of ANZ's fees, and took evidence, mostly from witnesses, on behalf of the bank. The plaintiffs are seeking total compensation of A$57 million. Poaching top female bankers from rivals is not a sustainable way for the industry to address the diversity gap in its upper echelons, Goldman Sachs Australia chief Simon Rothery conceded at at a Finsia and Male Champions of Change lunch. "I think as financial services firms we need to spend and invest much more of our time in retention strategies and development strategies for our mid to senior ranking women." CBA boss Ian Narev agreed that had a commitment to increasing the number of senior women was critical, adding that "actions are not following the intent", perpetuating the under-representation of women in leadership roles, The Australian reported. In a global report on the collateral that underlies structured finance, Moody's Investors Service said delinquencies for Australian prime residential mortgages of 30-plus days were 1.31 per cent in November 2013, up marginally from October 2013, and from November 2012 (1.29 and 1.28 per cent, respectively). The prime 60-day-plus arrears for November (0.74 per cent) "compared favourably" to most markets covered in the report, and November's prime 90-day-plus arrears (0.51 per cent) showed up as a slight fall from November 2012. Moody's said it expected to see similar numbers in 2014. ASIC's efforts to protect vulnerable consumers from businesses that flout the National Credit Act continue apace. In the latest episode, the regulator has entered into an enforceable undertaking with the principals of four related companies over what the ASIC said was the use of unconscionable and unfair practices, and the targeting of consumers in remote areas who have limited access to financial products and services. The firms were involved in the hire and sale of water coolers and first aid kits, and used "rent to own" agreements that contained unfair terms and conditions. Under the enforceable undertaking, these customers will be allowed to keep the goods without making further payments, and the recalcitrant companies will have to pay compensation and refunds to others.