Operational risk capital on the rise

Changes in the operational risk profiles of banks, due to outsourcing and offshoring, have emerged as another risk factor adding to the capital burden of banks. read more

Sanctions claw at SWIFT model

The restraining hand of economic sanctions on the cross-border payments business of banks was a topic revisited, without much new insight, at the annual Sibos conference. read more

BPay drops $60 million on Mambo

BPay's losses on its abandoned Mambo project now stand at A$60 million, after the board doubled an impairment first recognised last year. read more

Collection practices of ACM reined in by court

A debt collector that purchased credit card debts from NAB and then threatened borrowers with legal action in the bank's name has been found to have engaged in misleading and deceptive conduct by th.. read more

Payment screening foils scammers

Screening customer payments for transfers to suspected scammers has saved National Australia Bank customers around A$1.9 million over the last 18 months. read more

More data more often needed by banks

Banks have much further to go collate data in a timely manner to meet their internal risk management requirements, let alone the increasing demands for information from regulators. read more