Austrac finalises its new funding model 02 February 2015 4:10PM Austrac has finalised its controversial new funding model, which will see industry take over the burden of funding all of the anti-money laundering regulator's activities. read more
Apple reports strong US Apple Pay rollout numbers, no word on Australia 02 February 2015 4:09PM More than 700 banks and other card issuers in the United States have joined Apple's NFC payments service, Apple Pay, since its launch last October. read more
Basel Committee releases revised Pillar 3 disclosure requirements 02 February 2015 4:08PM The Basel Committee on Banking Supervision has issued revised Pillar 3 disclosure requirements, aiming to improve the consistency of disclosures while giving banks the flexibility to provide commentar.. read more
IMB offsets low growth with margin and cost discipline 30 January 2015 4:48PM Building society IMB maintained its focus on managing its margin, costs and credit quality, and produced reasonable growth in earnings despite almost no growth in its loan portfolio during the Decembe.. read more
Credit Corp grows earnings despite slow business conditions 30 January 2015 4:47PM Debt purchaser Credit Corp reported weaker conditions in its debt purchasing and lending businesses during the December half but was able to increase revenue and earnings. read more
Banks making progress in dealing with hardship 29 January 2015 5:17PM The financial services industry's treatment of customers with long-term hardship issues is improving, with progress over the past year on several initiatives aimed at reducing the burden on vulnerable.. read more
Consumer advocate warns of a rise in dodgy vendor finance arrangements 28 January 2015 4:36PM A real estate agent providing vendor finance arrangements for property sales, Again Investments, has been accused of unconscionable conduct and misleading and deceptive conduct over a "rent to buy" co.. read more
Once a PEP always a PEP 28 January 2015 4:33PM Politically exposed persons, who are treated as high-risk customers under anti-money laundering and counter-terrorism financing law, may continue to pose a high risk even after they cease holding a pu.. read more
Satisfaction is all very well but banks want advocates 28 January 2015 4:32PM With customer satisfaction levels near all-time highs banks are turning their attention to more challenging measures, such as net promoter scores and the number of customers likely to recommend a bank.. read more
Basel Committee's attention turns to better interaction of regulatory settings 27 January 2015 5:00PM With the major elements of the post-financial crisis reform agenda largely settled, the Basel Committee on Banking Supervision will turn its attention this year to an assessment of the interaction, co.. read more