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The Minister for Financial Services Stephen Jones is “not compelled” by the recommendation in the Quality of Advice Review that financial planning regulation should be made more flexible to encourage.. read more

Zip Co has launched a “liability management exercise”, in which it proposes to restructure A$330 million of zero coupon convertible notes to a liability of A$137.8 million. read more

A move to phase out the Bulk Electronic Clearing System and move all domestic direct entry electronic payments to the New Payments Platform is at the heart of a plan announced by Treasurer Jim Chalmer.. read more

The government has accepted the recommendations of a review of the Consumer Data Right that called for the rollout of the system to be put on hold while steps are taken to improve data quality and sec.. read more

Mortgage brokers report a significant slowing in loan approval times as higher rates and tighter serviceability assessments create bottlenecks in home loan application processing across the industry. read more

US bank’s deposit flows were stable in April and May, stabilising after large outflows in March triggered by the failure of Silicon Valley Bank. read more

The Australian Prudential Regulation Authority has defended its controversial serviceability buffer, saying it is an important element in maintaining prudent lending standards and that it will stay at.. read more

Several mortgage lenders increased their variable loan rates by more than 25 basis points last month, as they drew back from the intense competition that has been eroding their margins. read more

Kenneth Hayne, who led the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, believes the broad findings in his report need to be applied by Australian b.. read more

Strong growth in its Australian payment terminal fleet has translated into a surge in revenue and earnings for Smartpay Holdings.  read more