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APRA has quietly signalled to banks and other ADIs that it expects them to conduct their own testing of customer payment files on a regular basis. read more

Following revelations that poor financial advice had been provided to the customers of the Commonwealth Bank's wealth management businesses, Commonwealth Financial Planning and Financial Wisdom, the C.. read more

Cybercrime is too often seen as an entirely negative aspect of modern business. Instead, suggested Deloitte's Asia Pacific cyber lead partner James Nunn-Price, cybercriminals and hackers should be rec.. read more

The National Australia Bank has been held liable to pick up the tab, in effect, for the gambling losses run up by the wife of one of its customers after a NSW Supreme Court Judge agreed he had taken r.. read more

Yesterday the Australian Taxation Office gave headline details of its first automatic sharing of bank information with the United States Internal Revenue Service. read more

The information to be provided by Australian banks on US citizens and residents with Australian bank accounts is the merely first step in what the Australian Tax Office termed "a wave of transparency.. read more

The Australian Competition and Consumer Commission has announced it will not oppose a proposal by Macquarie Group to acquire the Esanda Dealer Finance business. read more

Moody's Investors Service said delinquencies for residential mortgages decreased in New South Wales from May 2014 to May 2015, but increased for most other Australian states and territories over the s.. read more

Liberty Financial yesterday priced its fourth and largest issue of securities to be backed by a portfolio of small-to-medium enterprise loans. The Liberty Series 2015-1 SME transaction is the specialt.. read more

When it comes to allocating funds for lending, Westpac (like most banks) tends to look at any move away from stale ideas on capital adequacy balance on a risk-adjusted basis. read more