Westpac CIO Dave Curran to retire 17 August 2018 4:53PM Westpac's group chief information officer, Dave Curran, has decided to retire from Westpac at the end of January 2019, with a global technology leader from Citigroup named as his successor. read more
ANZ pummelled over mis-selling of MySuper products 17 August 2018 4:51PM The effectiveness of MySuper mystery shoppers and a tick-a-box approach in managing the risk that bank staff were breaking financial advice rules were put to Mark Pankhurst, ANZ's head of superannuati.. read more
Moody's applauds APRA's proposed capital ratio reporting 17 August 2018 4:50PM According to a Moody's report, both of the options proposed in an APRA discussion paper to improve the transparency, comparability and flexibility of Australia's bank capital framework would be credit.. read more
ANZ-IOOF OnePath sale mired by conflicts of interest 16 August 2018 4:18PM The A$1 billion sale of OnePath by ANZ is at risk of being stranded in a minefield of internal and external conflicts, caught between doing the right thing by members of the OnePath fund versus obtain.. read more
CBA, Suncorp funds apply handbrake to MySuper changes 15 August 2018 4:57PM Bank-owned and industry funds failed to understand and effectively deal with the ramifications of the introduction of MySuper, evidence from yesterday's royal commission hearings suggests. read more
Comment: Plain vanilla a super flavour 15 August 2018 4:55PM Thus far, the much anticipated grilling of the industry super funds by the Hayne royal commission has been a fizzer for their critics. read more
Five major banks come up short on anti-fraud systems 10 August 2018 4:56PM Following a review by ASIC, five of Australia's largest retail banks will improve compliance measures and controls for deposit accounts that can be operated by a third party, such as a financial advis.. read more
Asset backers move to business loan securitisations 10 August 2018 4:54PM Niche non-bank financing specialists continue to move into areas previously dominated by the big banks, with securitisation once again featuring. read more
Credit card increases to face pressure 10 August 2018 4:52PM Changes to the National Consumer Credit Protection Act 2009, which became law in the first quarter of 2018, will have a noticeable effect on the credit card sector. read more
Brief: ASIC to zero in on financial reporting 10 August 2018 4:50PM ASIC's latest enforcement report includes a section on what the regulator has planned for the next six months. read more