New reporting standards to hit APAC banks 13 April 2018 5:01PM Asia-Pacific banks are well-placed to adopt a set of new financial reporting standards that will affect almost all jurisdictions globally according to a new report from &P Global Ratings. read more
Regulatory re-set too much to BEAR 12 April 2018 5:21PM At the Thomson Reuters Australian Regulatory Summit, the Australian Banking Association CEO outlined the level of change facing the banking sector in the near future, with the Banking Executive Accoun.. read more
ASIC calls on every banker to meet expectations 12 April 2018 5:18PM Financial market participants need to play their part in the regulatory system, working toward the collective goal of efficient and fair financial markets, or face having a "police state" approach - t.. read more
NAB stung by multi-million dollar insider fraud allegations 11 April 2018 4:50PM National Australia Bank has been dragged into a potentially damaging criminal case involving allegations of bribery and corruption against a former senior staff member and an external supplier of serv.. read more
Comyn sets an early and humble pace at CBA 10 April 2018 4:16PM New CBA chief Matt Comyn's first publicly observed action was to set an early tone of contrition, with an email to staff admitting management has made too many mistakes. read more
Competition regulator calls time on cosy margins 06 April 2018 5:02PM Banks should not expect the Australian Competition and Consumer Commission to be as accommodating or indeed as reactive to situations as it once was, now it has funding to go on the front foot. read more
CBA claims the grey area between misconduct and expectations 06 April 2018 5:00PM The Commonwealth Bank, in its submission to the Royal Commission into banking misconduct, has challenged senior counsel assisting Rowena Orr on her definitions of "misconduct" and "conduct falling bel.. read more
Citi pushes for lighter touch 06 April 2018 4:58PM One important part of the banking and finance sector given a relatively brief examination at the royal commission into misconduct in the banking industry was credit cards - specifically transaction fe.. read more
Aussie runs a rogue broker defence on Royal Commission 06 April 2018 4:57PM Aussie Home Loans has used its opportunity to respond to the closing submissions of the senior counsel assisting at the Royal Commission to come back with a long list of points aimed at refuting all t.. read more
China extends soft power projection via bond markets 05 April 2018 5:21PM As part of the Belt and Road Initiative, the "mega-project" development strategy of the Chinese government, its fourth-largest state-owned lender, Bank of China, has mandated banks across the globe to.. read more