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Financial regulators in Australia, Singapore and Hong Kong have jointly voiced concerns to US regulators over proposals that may steer clearing for many swaps and derivatives to a small number of US.. read more

US start-up Movenbank is talking to three banks in Australia about a partnership that will enable the bank to launch locally next year. read more

Banks will have to adapt to the fragmentation of the customer service chain and work harder at building customer advocacy, says industry consultant and investor Brett King. read more

Industry lobby Abacus group released quarterly data yesterday that aims to extend the corresponding series from APRA (which was also published yesterday) on the small deposit-taking sector. read more

Glenn Stevens, governor of the Reserve Bank of Australia, told a parliamentary committee on Friday that he was personally "not averse" to a charge for the deposit guarantee. He touched on the issue.. read more

FSA Group, a servicer of debt agreements, paid a higher dividend from a lower profit in the year to June 2012. read more

The March 2012 quarter may have been a dourer period for the banking industry in Australia than was previously realised. APRA data shows industry profits were lower than in all but two quarters since.. read more

Contactless payments are gathering pace as a payments option, at least in the niche merchant segment that is the taxi industry. Cabcharge yesterday provided an overview of the use of contactless bank.. read more

Issuers of covered bonds and mortgage-backed securities are being asked to pay the costs of a new analytical service that aims to tackle the scepticism towards this asset class among offshore invest.. read more

Another start-up is having a shot at establishing peer-to-peer lending in Australia. read more