Foreign news: Timmermans takes fall for ING

The chief financial officer of ING Group has resigned in the wake of the US$900 million settlement paid by the Dutch bank last week as a result of its failure to adequately implement anti-money launde.. read more

RBA sees little risk in interest-only expiries

The Reserve Bank has scoffed at widely aired theories that "the expiry of interest-only loan terms will result in financial stress" as households refinance into principal-and-interest loans that requi.. read more

Conflicts and life commissions interest Hayne

Insurers, including bank-owned life insurers, paid more than A$6 billion in commissions to financial advisers in connection with the sale of life cover issued by these insurers over five years, the fi.. read more