Murray gets amongst the 'citizens' 21 August 2014 4:05PM A band of banking analysts attempted a hijack of the Financial System Inquiry public forum in Sydney last night. Posing as "citizens", CSLA's Brian Johnson, UBS's Jonathon Mott and Morgan Stanley's Ri.. read more
Ring-fencing would solve resolution problems, Davis says 21 August 2014 4:04PM Financial System Inquiry panel member Kevin Davis says the Inquiry is interested in the issue of ring-fencing because of the role it would play in the resolution process if a financial institution wer.. read more
Veda accused of breaching the Credit Reporting Privacy Code 20 August 2014 4:00PM Veda has breached the Credit Reporting Privacy Code by not giving consumers easy access to free credit reporting information, according to a complaint lodged with the Privacy Commissioner. read more
QBE to float part of its QBE LMI holding 20 August 2014 3:47PM General insurer QBE will make an initial public offering of its lenders' mortgage insurance business QBE LMI, with plans to list the business on the Australian Securities Exchange next year. read more
Bad debt cycle may have turned 20 August 2014 3:46PM Steady falls in charges for bad and doubtful debts have been a significant contributor to banks' profit growth over the past few years. However, last week's bank results suggest that the cycle of impr.. read more
PPSA needs to be clarified and simplified 20 August 2014 3:44PM The Review of the Personal Property Securities Act has released its interim report, detailing a series of consultation papers it will issue to get more feedback before making final recommendations. read more
SAI Global repositions for the Pexa world 19 August 2014 3:41PM Information services company SAI Global is positioning itself to do business in the Pexa world, with the launch of a new conveyancing management service called Settlement Room. read more
Household reliance on credit card debt in long-term decline 19 August 2014 3:40PM Credit cards are becoming an increasingly unpopular financial product, with the second consumer survey in the past month highlighting the decline in household reliance on credit card debt. read more
ALDI's surcharge disclosure not up to scratch 19 August 2014 3:39PM Retailer ALDI has agreed to improve signage in its stores informing customers about credit card surcharges, following a finding by the Australian Securities and Investments Commission that the retaile.. read more
Not much customer loyalty in financial services 19 August 2014 3:39PM Consumers have little loyalty to any one financial institution, according to a Roy Morgan Research survey. The survey found customers of the ten largest retail banks deal with more than six financial.. read more