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Banks’ payments services, deposit-taking, custody, settlement and clearing will be classified as critical operations under a new APRA standard designed to minimise the impact of disruptions on the ope.. read more

ASIC has won the latest battle in its long-running war with payday lender BHF Solutions and its associate Cigno, with the Federal Court ruling that BHF and Cigno engaged in credit activity without hol.. read more

A parliamentary committee has delivered a damning review of Australia’s insolvency system, calling for an independent and comprehensive review that addresses the system as a whole. read more

The Reserve Bank board will meet eight times a year instead of 11 from next year, as it implements changes recommended by the RBA Review. read more

The Australian Registrars’ National Electronic Conveyancing Council has set a deadline of September this year for the launch of interoperability between service providers – a milestone for the establi.. read more

Financial Services Minster Stephen Jones said the government may consider introducing a law requiring financial institutions to compensate scam victims, along the lines of rules being implemented in t.. read more

The receivers of failed buy now pay later company Openpay have sold its B2B division, OpyPro, but the proceeds won’t go far. read more

Banks are being called upon to ensure their commitment to Banking Code obligations extends to the services they provide through Bank@Post, particularly commitments that deal with vulnerability, access.. read more

Households and businesses have maintained disciplined spending on credit and charge cards, despite the growing pressures on their budgets over the past year. The latest Reserve Bank payments data show.. read more

APRA has released the initial findings of an assessment of cyber resilience in financial services, reporting a number of “gaps” that need to be filled. read more