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Former Macquarie Group chief executive Nicholas Moore will chair the Financial Regulator Assessment Authority, which has been set up to conduct regular reviews of the effectiveness and capability of A.. read more

Low-tax fantasies live on in the form of ‘an alternative to the Offshore Banking Unit tax regime without falling foul of the OECD and the G20’. read more

The biggest impact of the Reserve Bank’s Term Funding Facility was to allow the major banks to compete more aggressively in the mortgage market, rather than support the provision of credit to business.. read more

Austrac has released money laundering and terrorism financing risk assessments for the Australian banking sector, rating the risk ‘high’ for major banks and other domestic banks. read more

The role of AMP Bank managing director has been elevated in a management reshuffle, as new chief executive Alexis George starts to put her stamp on the company. read more

Despite a restructure and refinancing of its business in May, specialist medical lien funder LawFinance is not out of trouble yet. read more

The buy now pay later sector has continued its run of outs, with Payright reporting a 40 per cent blowout in net cash outflow from operations in the year to June. read more

APRA-regulated entities will be required to apply “material weight” to non-financial metrics when determining variable remuneration for employees. read more

Buy now pay later company Openpay has reported a spike in bad debt charges and arrears as it pursues an aggressive growth strategy in the United Kingdom and the United States, as well as locally. read more

Australian banks have made commitments to help their business and retail customers deal with the impact of COVID, but in a significant number of cases they have mucked it up. read more