NAB completes first ABS deal in eight years 03 October 2012 3:16PM National Australia Bank returned to the asset-backed securities market late last week, after an absence of eight years, and with A$400 million transaction. read more
Call to raise consumer awareness of ombudsman services 03 October 2012 3:13PM The Financial Ombudsman Service has thrown its weight behind recommendations made by the Energy and Water Ombudsman New South Wales aimed at raising consumer awareness of free ombudsman services. read more
Senate recommends corrective action on credit reporting amendments 02 October 2012 3:06PM A Senate committee has recommended that the consumer protection provisions of the Government's new credit reporting rules be strengthened. read more
AFMA re-elects Big Four as prime banks 01 October 2012 3:24PM The AFMA has re-elected ANZ, Commonwealth Bank, National Australia Bank and Westpac as its prime banks. read more
RMBS market builds some momentum 28 September 2012 4:10PM For the second time this month issuers of residential mortgage-backed securities have been able to complete their transactions without the support of the Australian Office of Financial Management. read more
RMBS rally to continue 28 September 2012 4:09PM Fixed income broker FIIG Securities has forecast that the contraction in spreads on residential mortgage-backed securities will continue. read more
Global financial system still fragile, warns IMF 27 September 2012 4:21PM Years of regulatory reform in the wake of the financial crisis have yet to deliver a safer global financial structure, says the International Monetary Fund. read more
AML compliance barely rates a pass 26 September 2012 4:24PM Australian financial institutions are doing a good job of meeting their anti-money laundering obligations in areas that are straightforward but there is a "fundamental lack of knowledge" when matter.. read more
Suncorp hybrid issue needs shareholder approval 26 September 2012 4:16PM Just a day after Bendigo and Adelaide Bank launched an issue of convertible preference shares, Suncorp Group has followed suit and is looking to raise A$350 million of new tier-one capital. read more
Higher general insurance premiums fail to generate profits 26 September 2012 4:15PM General insurers achieved growth in premiums over the past year but not enough to deliver underwriting profits. read more