Summerland raises defences

Summerland Credit Union, from Lismore, NSW, is setting out to thwart overtures to acquire the ADI and demutualise the credit union. read more

CUA takes the medicine

CUA will release a significant amount of capital with the sale of its health insurance business to Perth-based HBF. read more

Trade winds blow CommBank clear

The bounce-back of the Australian economy from the pandemic is playing to Commonwealth Bank’s strengths, while its program of divestments of non-banking businesses leaves the bank flush with capital. read more

FMI crisis powers and credit line for RBA

More robust powers will be enacted to allow financial regulators “to pre-emptively identify and manage risks, or intervene in a failure crisis” affecting Financial Market Infrastructures. read more

Banks given 35 days to report to APRA

APRA will require ADIs to submit required quarterly reporting forms within 35 calendar days after the reporting period, the banking regulator foreshadowed yesterday in response to a consultation on pr.. read more