ANZ and Macquarie snoops follow MAS rulebook

Better policies, more training, patrols for any conflicts of interest, more spying on staff and more audits. ANZ said they reformed across all these fronts in the wake of an MAS probe of Malaysian rin.. read more

Comment: Cartel tests bank defences

How severe are sanction scenarios over rate twiddling?One answer starts with the A$15 million joint fine on ANZ and Macquarie for cartel conduct. Peanuts. Barely a few hours profit.The admitted conduc.. read more

Tribunal momentum overruns EDR schemes

A Banking and Financial Sector Tribunal will replace the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal if, as seems likely, the recommend.. read more

Few mutual bank candidates left on shelf

Thirteen credit unions or building societies still qualify for a shift to mutual bank status, a path already taken by 18 entities and soon to be followed by two more. The majority of these 13 ADI.. read more

Dual-debit duel set for encore performance

A row over business rules around digital wallets among card schemes has the Payments System Board riding shotgun. Look out for a consultation paper next month. Three years ago Eftpos had a hand from t.. read more