CFTC sets de facto rules for Libor

Amid the controversy over the fines imposed on Barclays by regulators in the UK and US over its misleading contribution to the setting of benchmark interbank rates it is easy to overlook some de fac.. read more

Second prop for Liberty securities

Liberty Financial priced A$300 million in mortgage-backed securities on Friday, the second transaction supported by non-conforming loans to make it to market this year. read more

MAS ask foreign banks to incorporate

ANZ may have to incorporate, and shift capital, to its retail banking operation in Singapore. The Monetary Authority in Singapore yesterday outlined plans to require foreign banks " that are importan.. read more

Low-doc borrowers feel the pain

Borrowers with low-doc loans, who tend to be self-employed, may be experiencing a greater than the usual level of difficulty paying their loans. read more

RBA offers vision for retail payments hub

A retail payments hub could serve as a central database of "address" information for payees and also handle the delivery of better remittance information, the head of payments policy at the Reserve.. read more

Liquidity targets may be diluted

International industry lobbying for a watering down of the liquidity targets proposed for banks may be successful, with both rumoured and confirmed evidence of a change of heart on the part of regul.. read more