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APRA chair Wayne Byres has outlined a plan to modernise the prudential architecture. read more

Westpac cannot compete, and constrained by a rigid cost target, cannot catch up with peers on income or balance sheet or reputation metrics. Or even invest coherently across the business. Thus, Westpa.. read more

Amping up its lending and getting its act together on collections, Beforepay is crawling along its “pathway to profitability”.  read more

Challenger’s recently acquired banking division “expects to commence corporate and SME lending shortly” the financial group said yesterday. read more

Bad debts and arrears took a turn for the worse, in Australia, for Zip co over the third quarter. read more

APRA is setting out “initial risk management expectations” for all regulated entities that engage in activities associated with crypto-assets. read more

Michele Bullock, appointed deputy governor of the Reserve Bank of Australia on Friday, presumably is now the warm favourite to succeed Philip Lowe as governor in a few years.   read more

Commonwealth Bank has yielded to a union campaign and will drop pay secrecy clauses from employment agreements.   read more

The excessive tenure of directors on the boards of mutual ADIs has drawn APRA’s ire, in a sharp speech by deputy chair John Lonsdale to a COBA forum yesterday. read more

A change in control of mortgage aggregator Connective is in the works following a damning judgment of the Supreme Court of Victoria.   read more