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"No financial regulator can prevent all losses from occurring," Greg Medcraft, chair of the Australian Securities and Investments Commission told a Senate inquiry yesterday. read more

Rational actors in the financial services market will routinely take risks and flaunt the law when they believe "the penalty available to respond to misconduct is much less than the profit," Greg Medc.. read more

ME Bank confirmed that Nick Vamvakas, its chief risk officer, will leave at the end of February after 21 years with the bank. read more

Commonwealth Bank provided a glimpse into the payroll of its Bankwest business, in the course of a successful defence to efforts by the Finance Sector Union to rope in more senior staff to an enterpri.. read more

Credit quality improved at Westpac over the December 2013 quarter, a period in which the bank reweighted its business mix toward commercial loans. read more

A quarter of pregnant women working in the finance industry "believed that they had been discriminated against," the Finance Sector Union has found. read more

Disciplined loan pricing and more flexibility on the funding side underscored a steady rather than stellar December half year for Bendigo and Adelaide Bank. read more

Farm finance will be cheaper and more readily available soon for troubled producers, with the Australian Government planning to widen the existing cheap farm loan scheme introduced by the former Lab.. read more

The Financial System Inquiry would explore the extent to which stability objectives hinder competition, inquiry chair David Murray, said in a talk to the Committee for Economic Development of Australi.. read more

Three years after National Australia Bank launched its marketing differentiator under the rubric of a "break up" with the big banks, how is the strategy going? Superficially, very well, although a clo.. read more