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The availability of banknotes “was important from a financial stability perspective” the Reserve Bank of Australia has told industry representatives participating in a Working Group on the future of c.. read more

Losses from the pernicious problem that is scams are being mitigated, at least from the point of view of banks, via the agency of the Australian Financial Complaints Authority. read more

Annual growth in new housing lending stands at 24.6 per cent. read more

We pay less when we pay cash, academic analysis confirms. read more

Any merger of Beyond Bank and Police & Nurses would create a mutual with close to $20 billion in assets, making it the fourth largest. The enlarged mutual bank will have around 450,000 members, wh.. read more

If and when there is any progress to a central bank digital currency in Australia, the use case or use cases will be “in a wholesale sense”, Michele Bullock, governor of the Reserve Bank told Senate E.. read more

A clutch of opinionated voices have formed the Independent Payments Forum. They are Brad Kelly, Warwick Ponder, Russell Zimmerman, and Peter Drennan. A trio of influential small business associations.. read more

Financial Services Minister, Stephen Jones, yesterday introduced legislation into parliament that will see buy now pay later providers brought under the Credit Act. After a period of angst, the BNPL s.. read more

A longshot bid by an Ireland-based leasing consortium to kick off a proceeding to windup Indonesia’s national airline Garuda has failed on appeal to the High Court of Australia. read more

Despite the Federal Court having found cryptocurrency exchange Block Earner’s contraventions – lacking an AFSL while offering a financial product - to be serious, “I do not think that granting relief.. read more