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Commonwealth Bank has developed what it claims is the world's first touch-screen encrypted EMV pin pad. The device, which will serve as the bank's new POS terminal, was launched yesterday. read more

Tier-two capital instruments that include a loss absorbency clause - as the Australian Prudential Regulation Authority will require from next year - will not be precluded from being classified as de.. read more

The Government will change the definition of limited recourse debt in the Income Tax Assessment Act to overcome the impact of a High Court ruling last year. read more

Westpac has launched an issue of subordinated notes, seeking to raise A$500 million in tier 2 capital. read more

Government should address finance industry concerns about the standards of due process and transparency in external dispute resolution schemes, a review has recommended. read more

The securitisation industry has lost its campaign to persuade APRA to take a hands-off approach to the capital treatment of subordinated securitisation tranches on the balance sheets of approved AD.. read more

Perpetual will sell its mortgage servicing business to First Mortgage. First Mortgage Services will go from niche player status in the Australian market (it has 30 people in its Melbourne office) to.. read more

Westpac is betting it can boost revenue by getting more of its banking customers to buy products in fast-growing wealth management sectors. read more

Personal insolvency activity in Australia remained virtually unchanged in the year to June. Insolvency and Trustee Service Australia reports that the 31,488 insolvencies recorded during the year rep.. read more

The number and value of housing finance commitments fell in May, according to the Australian Bureau of Statistics. read more