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“The real priority over the next couple of years is to perform,” an embattled Westpac chair, John McFarlane, said yesterday. read more

A scheme originally billed as $30 billion worth of support for pandemic affected businesses has advanced less than one third of this amount. read more

A key project for APRA over 2022 will be to review its current prudential requirements for operational risk management, service provision and business continuity. read more

ASIC has commenced civil penalty proceedings in the Federal Court against ANZ “for failing to provide certain benefits it had agreed to give customers with offset transaction accounts or a ‘Breakfree’.. read more

The November 2021 CreditorWatch Business Risk Index suggests business activity around Australia is “currently weaker than expected, indicating that the return to pre-COVID levels is now likely to take.. read more

‘The Bank of Mum and Dad’ may be a bit of a myth, a Productivity Commission research report on wealth transfers in Australia suggests. read more

NAB staff are working many unpaid hours and “persistent and consistently high workload levels have been normalised by management fiat,” the industry union alleges. read more

Another introducer program, this time from ANZ, is the subject of civil proceedings from ASIC. read more

Nearly a quarter of mutuals anticipate being involved in merger activity during 2022. read more

ASIC wrestles with how to regulate organisations governed by artificial intelligence and the ‘rule of code’ rather than the ‘rule of law’.  read more