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Crypto exchange operator Binance sent a message to clients yesterday saying bank transfers had been suspended. It was later revealed that Westpac had debanked the controversial company. read more

The Australian Prudential Regulation Authority has finalised two new prudential standards covering recovery and exit planning, and resolution planning. read more

Regulations giving effect to an overhaul of the law covering small amount credit contracts and consumer leases have been formally registered by the Governor-General, ahead of the reforms taking effect.. read more

Global debt grew by US$8.3 trillion in the March 2023 quarter to a near-record US$304.9 trillion – a surprisingly strong annualised growth rate of 11.2 per cent at a time when interest rates were risi.. read more

The banks are stepping up their efforts in the scam detection and prevention department, launching a new reporting service designed to facilitate rapid notification of fraudulent payments transferred.. read more

Bank regulators may be called upon to adopt a more interventionist supervisory approach to assessing banks’ liquidity positions in the wake of the failure of banks that were reliant on unstable fundin.. read more

Commonwealth Bank has launched an issue of hybrid securities, targeting a capital raising of A$750 million or more with an expected margin of 300 to 320 basis points over the bank bill swap rate. read more

An English common law obligation on banks to exercise care and skill when transferring a customer’s funds may apply in Australian courts as a way for the victims of fraud to recover their money. read more

The financial markets shrugged off concerns about bank securities that arose in the wake of US and European bank failures in March, bidding up the price of local instruments in April. read more

Most home loan borrowers on fixed rates are well placed to manage higher repayments when their fixed terms expire and they move to variable rates, the big banks reported in their March half financials.. read more