RBA payments review to push into retail systems 11 December 2019 5:24PM The review of retail payments regulation by the RBA's Payments System Board will be wide ranging and forward looking, as well as plugging any gaps missed by the board's 2015/16 review. read more
Regulate first, crypto pay second 11 December 2019 5:20PM Australia is unlikely to be running any cryptocurrency-based payments systems any time in the foreseeable future, if the RBA stays firm in its belief that regulations need to be in place first. read more
Risk management data doesn't add up 06 December 2019 5:29PM Risk managers in Australia's banking sector are on a mission to convince everyone else in the business lines to take data use and risk management more seriously. read more
Westpac sets up financial crime review 29 November 2019 5:05PM Westpac's newly appointed financial crime committee has commissioned IBM subsidiary Promontory to review the bank's failed financial crime program as it scrambles for cover in the wake of Austrac's re.. read more
Banks spending to find more customers online 29 November 2019 5:03PM Australia's largest retail banks are spending tens of millions of dollars on Google Adwords each year to attract new customers, and to retain existing clients, according to a new study tracking digita.. read more
APRA moves to simplify leverage ratio reporting 22 November 2019 5:10PM APRA has proposed further changes to its own prudential standard on leverage ratio requirements for Australia's authorised deposit-taking institutions. read more
ABA softens stance on basic accounts, farm fees 22 November 2019 5:07PM The ACCC has authorised changes to the Australian Banking Association's code of practice to prescribe criteria for basic bank accounts and, separately, not to impose default interest on farmers affect.. read more
Post-Libor uncertainty weights on fixed income markets 20 November 2019 5:31PM The discontinuation of BBSW was a topic of major concern on day two of the Australian Securitisation Forum conference, underlined by the release of an ASF report of a membership survey and the marketi.. read more
Fintechs open new funding options 19 November 2019 4:51PM One big theme of the Australian Securitisation Forum's annual conference in Sydney is that technology has started to open securitisation funding for smaller non-bank lenders. read more
NAB's reports open a discussion 18 November 2019 4:49PM NAB's annual review contains some interesting asides on conduct issues and the performance of its QuickBiz and UBank operations. read more