Briefs: Stone & Chalk announces successful start-ups, NAB reclassifies loans, new CCMC head

Banking Day staff
  • Fintech hub Stone & Chalk has announced the first group of start-ups that will operate out of its new Sydney office. The Australian Financial Review reports that the start-ups include investment company Macrovue, big data company Zetaris and a high frequency trading hardware maker Metamako. Stone & Chalk has A$2 milllion of funding from a range of corporate and government supporters.
  • National Australia Bank has reclassified some household loan data that it supplies to regulators. The data in question covers portfolio and flow data for the period from July 2014 to June this year. Owner-occupied housing loans have been restated from A$165.4 billion to $126.5 billion; investor housing loans have been restated from $66.6 billion to $93 billion; and non-housing loans have been restated from $11.5 billion to $23.7 billion.
  • Sally Davis has been appointed chief executive of the Code Compliance Monitoring Committee, which monitors compliance with the Code of Banking Practice. Davis is currently senior manager of systemic issues at the Financial Ombudsman Service and has worked at FOS and its predecessor schemes for 15 years.