ABA opposes Harper's effects test proposal

The Australian Bankers Association has indicated it will oppose the adoption of an "effects test" in competition law, as outlined in the draft report of the Competition Policy Review. read more

BOQ settles Storm claims

Bank of Queensland has reached an agreement to settle proceedings brought against it by the Australian Securities and Investments Commission and a class action on behalf of borrowers advised by Storm.. read more

FSI debate over mortgage brokers heats up

The question in the Financial System Inquiry interim report of what impact vertical integration in the banking industry is having on the mortgage broking sector has provoked a lively debate, with call.. read more