Financial regulation provides stability at too high a cost 28 October 2013 5:40PM When Ian Harper sat on the Financial System (Wallis) Inquiry committee in 1996 the deregulatory push of the 1980s was still driving change. Things have changed since then. Harper, who is a partner i.. read more
Pepper criticises RHG's independent directors as it withdraws 28 October 2013 5:35PM The Pepper syndicate has withdrawn its offer for RHG, leaving the way open for the Resimac syndicate and RHG to proceed with their planned scheme of arrangement. read more
Cash payments continue their decline 25 October 2013 5:15PM The level of cash payments remained steady during 2012/13, while most forms of non-cash payments grew at a healthy rate. The annual report of the Reserve Bank's Payments System Board, which was rele.. read more
Investec launches a transaction account 25 October 2013 5:13PM Investec Bank Australia has completed the roll out of its retail bank offering, with the launch this week of a transaction account. It hopes to distinguish the account, Investec One, by paying high.. read more
Smaller mortgage lenders giving majors a run for their money 25 October 2013 5:12PM Banking competition is alive and well, according to mortgage aggregator AFG. It reports that 26.3 per cent of the loans written by its brokers in September were funded by "non-majors" - regional bank.. read more
Margining rules on the drawing board 25 October 2013 5:09PM Regulators are in the process of developing advice to government in relation to the implementation of margin requirements for non-centrally cleared over-the-counter derivatives. read more
Some banks love a good fight 24 October 2013 5:29PM Consumers who want to avoid a dispute with their financial services provider should think carefully about doing business with GE Money, Macquarie Bank or, among the big banks, National Australia Ban.. read more
ASIC enforcement action dropped sharply 24 October 2013 5:28PM The Australian Securities and Investments Commission's enforcement activity fell by more than half in the years between 2006/07 and 2008/09 and has remained at a low level ever since, according to a.. read more
IMB on the takeover trail 24 October 2013 5:24PM IMB Ltd is on the takeover trail. At the building society's annual general meeting yesterday, chairman Michael Cole said the board had refocused its attention on being an active participant in the m.. read more
FOS says lenders' performance on hardship improving 23 October 2013 5:33PM A significant fall in the number of disputes over the way lenders handle approaches from customers in financial hardship has contributed to an overall reduction in complaints received by the Financi.. read more