APRA warns about data risk 12 December 2012 5:32PM The Australian Prudential Regulatory Authority has written to banks and other ADIs warning them about the importance of properly using and storing data. read more
FDIC and BoE collaborate on SIFI resolution 11 December 2012 5:08PM The US Federal Deposit Insurance Corporation and the Bank of England have released proposals to deal with G-SIFIs - globally active, systemically important financial institutions. read more
Australia Institute claims banks may 'act as a monopoly' 11 December 2012 5:05PM A new paper from The Australia Institute claims that the Big Four banks' common shareholdings by various nominee companies undermine their claims to independence. read more
Citi: Australian cuts to be minor 07 December 2012 5:31PM Citi in Australia is likely to cut a small number of staff in the next few months, but will not see deep cuts after the announcement of a further 11,000 job losses at the bank worldwide. read more
Moody's gives Australian banking a clean(ish) bill of health 07 December 2012 5:23PM Australian banks face stagnating profitability to mid-2014, as businesses and consumers continue to restrain borrowing, says Moody's Investors Service. read more
Romanian scam forced thousands to fix systems 06 December 2012 5:47PM The alleged A$30 million Romanian credit card scam caused possibly the largest remediation effort ever undertaken within the Australian consumer payments system in the 18 months before last week's a.. read more
Lower rates may be the new normal, says RBA 06 December 2012 5:39PM The "normal" level of lending rates may be lower now and in the years ahead than it has been over the past two decades, says the Reserve Bank of Australia. read more
ABA's pre-emptive strike aims to quiet rate criticism 04 December 2012 5:18PM Ahead of today's expected cut in Australia's official interest rate, the Australian Bankers' Association has launched a pre-emptive strike against critics. read more
Analysis: a Big Four criticism that won't worry the Big Four 04 December 2012 5:16PM Yesterday's report from centre-left think tank Per Capita contains one claim the Big Four will like and another they won't worry about - that the government should set up its own no-frills retail bank.. read more
ABA Banking Code rewrite engages critics 03 December 2012 5:47PM The Australian Bankers Association expects to unveil a new Code of Banking Practice in mid-January, as part of its renewed effort to engage some of its loudest critics and improve the industry's re.. read more