KPIs remoulded into 'Needs' analysis

Old habits are hard to kick in Australian banking, with KPIs at a number of big banks rebadged as "behaviours measures, focused on sales and revenue," the Finance Sector Union told the Royal Commis.. read more

Shadows over NAIF finance decisions

The board of the Northern Australia Infrastructure Facility will publish expected repayment rates, rate of return and length of investment to support investment decisions. read more

Access fuss in store for RBA

Access is the first of "two issues in the Australian payments system that are potentially going to be of interest to financial regulators," as the fintechs and neobanks flurries recur, Michelle Bulloc.. read more

Rabobank non-compliant with Sedgwick

Rabobank's remuneration structure "is still predominantly driven by sales and is not yet consistent with the recommendations of the Sedgwick Review," counsel assisting told the Hayne royal commission.. read more

Bankwest Ruddy all over

Valuations at Bankwest "were lax … and guarantees were signed before letters of offer," the Hayne royal commission has heard. read more

CBA 'pauses all new account openings'

Another super sales mix-up. ANZ and Commonwealth Bank are making a combined community benefit payment of A$3 million and both banks are stuck with another enforceable undertaking with ASIC. read more

Property trading problematic

The ratings downgrade of SAI Global  Holdings I (Australia) Pty Ltd by Standard & Poor's reflects wider issues with the banking and credit supply chain in Australia. read more