'False witness' standard practice at NAB

Instances of "false witnessing" by financial advisers employed by National Australia Bank have been aired by the Finance Sector Union and Fairfax Media.NAB employees, including Financial Planners and.. read more

Scant effort to conceal FX misconduct

An ASIC report drawing together its work into drivers of misconduct observed during its investigation into the wholesale spot foreign exchange market makes disconcerting reading."We observed very few.. read more

Cheque use plunges over the cliff

The withering of cheque use in Australia is taking on a new dimension, with the value of cheques having "dropped by six per cent in 2016, after largely remaining flat in previous years," the Australia.. read more

Global FX code ready for bank commitment

The "vast majority" of banks and other participants in the foreign exchange market are expected to agree and adhere to a Statement of Commitment regarding the FX Global Code, released last night. read more

zipMoney steps down ABS pathway

A new A$200 million securitisation-ready warehouse from National Australia Bank is setting up zipMoney for a foray into the asset-backed debt market, but not soon. read more

Banks on severe notice from S&P

To lift their risk adjusted capital ratios by 100 basis points, each major bank would need to generate, on average, A$6 billion in capital, S&P said yesterday. read more

'One stop' all EDR rot for CIO followers

A myriad of smaller financiers and fringe firms are gearing up for a lobbying campaign to block or reset the proposed "one stop shop" for dispute resolution.Six industry associations covering hundreds.. read more

Richer mortgage data a stress for select ADIs

"Uuhmmm, we're not too sure that we, or some other banks we know well, will be able to easily find the most reliable data on that", a handful of banks have more or less told the banking regulator, whe.. read more

Maestros evade S&P ratings razor

Navigating fraught terrain, S&P Global Ratings yesterday spared all the major banks and six lesser Australian banking names from its epic ratings downgrade that embraces 23 entities, most ADIs and.. read more