AFCA announces Consumer Advisory Panel 21 March 2019 5:08PM The Australian Financial Complaints Authority (AFCA) has announced the establishment of its Consumer Advisory Panel and committed to consulting with consumer advocates on all major initiatives it unde.. read more
Brief: Banks respond to New Zealand terror attack 20 March 2019 5:10PM New Zealand's TSB Bank has suspended all advertising on social media following the Christchurch terror attack. read more
NAB out of line of SME code 18 March 2019 5:34PM NAB will be a rare industry voice supporting a A$5 million loan threshold to define a small business. read more
ASIC's new penalty regime takes effect 18 March 2019 5:33PM Breaches of the Corporations Act can now result in prison terms of up to ten years, as ASIC's much stronger penalty regime takes effect. read more
Aussie interest keeps CBA options open 15 March 2019 4:33PM Two insider offers have recently been made for Aussie Home Loans, a subsidiary of Commonwealth Bank.So trade sales may remain an option at CBA, which shelved preparations for a demerger of broking and.. read more
Brief: From COBA to Heritage board 15 March 2019 4:16PM Wendy Machin, a former NSW minister, has joined the board of Heritage Bank. read more
Standing US$ repo facility on the cards 14 March 2019 4:55PM A standing repo facility is an idea getting traction at the US Federal Reserve.This repo would involve banks converting Treasury bonds to reserves on demand at an administered rate. read more
Brief: Big Four blindsided by Kiwi capital plan 13 March 2019 4:59PM Before releasing its proposals to force New Zealand's banks to hold significantly more capital, the RBNZ warned the government the banks would be taken by surprise and that it should expect "intensive.. read more
Black eyes all round from ASIC 12 March 2019 5:24PM Not one of the five big banks, plus AMP, scored a clean report card from ASIC in its update update on "fees-for-no-service failures", the most damaging of recent banking scandals.ASIC "plans to take e.. read more
BOQ CRO quits 12 March 2019 5:20PM Bank of Queensland chief risk officer Peter Deans has handed in his notice and will leave the bank in May. read more