Cybersecurity and digital economy outrank reputation risk 02 February 2018 4:54PM The top priority for bank leaders in 2018 is "addressing cybersecurity" (89 per cent worldwide), replacing last year's top priority of "managing reputational, conduct and culture risks", which falls t.. read more
Stop and go for NPP romantics 01 February 2018 6:12PM The long awaited New Payments Platform will launch soon with plenty of fanfare - just don't be lulled into a false sense of security. Fraudsters will be watching and waiting for the daily limits to be.. read more
Liberty expands into consumer finance via MoneyPlace 01 February 2018 5:59PM Non-bank diversified financial services company firm Liberty, has acquired marketplace lender MoneyPlace in a deal that both companies are claiming will provide large scale benefits all round. read more
APRA moves into policy review and revision 01 February 2018 5:58PM The prudential regular is considering changes to its "unquestionably strong" approach in areas where its methodology is more conservative than minimum international requirements. read more
Financial sector productivity growth slowing 25 January 2018 5:50PM New Australian Bureau of Statistics analysis of industry sectors shows growth in productivity has slowed in the financial services sector. read more
Light touch on wealth advice likely to become heavier 25 January 2018 5:35PM A review by ASIC of financial advice provided by the five biggest vertically integrated financial institutions has identified areas where improvements in the management of conflicts of interest are ne.. read more
Conflicts and quality of advice line up for Royal Commission 25 January 2018 5:33PM Acting ASIC chair Peter Kell says that the regulator is working with the major financial institutions to address shortcomings over the quality of financial advice and conflicts of interest. read more
First submission lands at Banking Royal Commission 24 January 2018 5:43PM The Consumer Action Law Centre's submission to the Royal Commission into Misconduct in the Banking, Superannuation and Finance Sector cites examples of conduct and practices that fall below community.. read more
Radio Rentals drags Thorn Group into ASIC settlement 24 January 2018 5:42PM ASIC has taken action against Thorn Group's Radio Rentals, with an agreement for A$20 million in customer refunds and loan write-offs for poor appliance rental outcomes. read more
CBA Financial Planning compensation moves ahead 24 January 2018 5:38PM ASIC has released a progress report on the Commonwealth Bank's commitment to identifying and compensating customers who suffered losses due to incorrect or self-serving financial planning advice. read more