266

Investors and other users of financial reports by Australia's major banks lack a "high degree of confidence in the accuracy" of any internationally harmonised capital ratios self-reported by banks, tw.. read more

The Australian Prudential Regulation Authority and Australian banks may be measuring the capital needed to support investment property loans in the wrong manner, leading to an overstatement of banks'.. read more

ANZ expects its new operations hub in Chengdu, China, to employ around 1000 staff in the next few years, up from 220 now. read more

Crimes of deception are on the rise, at least in Victoria, with the simple theft and misuse of contactless payment cards behind almost all the recent rise in recorded crime in the state. read more

Earnings by foreign banks  are improving, but remain well below industry benchmarks. The return on equity for eight foreign bank subsidiaries lifted above 10 per cent in the December 2014 quarter.. read more

Impaired bank loans continue to wind down and have reached a level similar to the industry's starting point at the onset of the GFC six years ago. read more

Michael Saadat will return to the Australian Securities and Investments Commission with responsibility for the regulation of credit. read more

The risks of over-reliance by lenders on third parties, such as mortgage brokers, is a prominent theme of a draft prudential practice guide circulated by the Australian Prudential Regulation Authority.. read more

ANZ is closer to obtaining a banking license in Thailand, with approval from the now ousted Minister of Finance to establish a subsidiary. read more

The forensic detail of banks' bonus and commission arrangements for tellers and other sales staff is emerging as a fresh point of controversy in the wrangle over reform of financial planning practices.. read more