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Australia's banking sector needs "a sharp break with the past", wrote Stephen Sedgwick in his review of the industry's pay practices. But sharp does not mean short, with Sedgwick suggesting a three-ye.. read more

HR managers at banks won't be too fussed - though their employers' credit analysts may well be - with the purged list of "eligible skilled occupations" that can be covered by a "temporary skill shorta.. read more

A ban on accelerator reward payments and a shift to a fee-for-service payment model, funded by the banks, are highlights of Stephen Sedgwick's year-long review of retail banking remuneration. A long p.. read more

Compromised credit conditions facing property developers and their customers (often investors) form one nexus of the Reserve Bank of Australia's half-yearly Financial Stability Review, one that extend.. read more

Risks to financial stability "are primarily macroeconomic in nature, rather than direct risks to the stability of financial institutions", the Reserve Bank of Australia declares in its Financial Stabi.. read more

Demand for cash is on the wane on two fronts, with "cash out" at the point of sale fading alongside cash withdrawals from automatic teller machines, with both trends a function of the popularity of co.. read more

The three public sector shareholders of Kiwibank injected NZ$247 million of capital into the bank on Monday, to stave off doubts over the compliance of older hybrid securities to satisfy central bank.. read more

Payday lenders and finance brokers are most commonly involved in notices of 'systemic' compliance breaches. read more

Credit licensees may be roped into expanded breach reporting rules for financial services firms, to more clearly account for misconduct.Treasury will release a consultation paper on a proposed public.. read more

APRA's new curbs on mortgage lending drew muted support yesterday from one section of the target market for the measure - the ratings agency Moody's Investors Service. read more