ANZ corners keen price on RMBS funding

ANZ's Kingfisher Trust RMBS last week landed 11 basis points nearer to zero than the previous best price, on its latest A$2 billion deal (bettering ME's 118 bps over on an issuance in mid October). read more

An admitted cartel of two in Australian banking

Two stellar names - ANZ and Macquarie - consented on Friday to the label of engaging in cartel conduct in Singapore, in 2011. The ACCC's list of cartel principals in Australian banking must be ripe to.. read more

ANZ and Macquarie snoops follow MAS rulebook

Better policies, more training, patrols for any conflicts of interest, more spying on staff and more audits. ANZ said they reformed across all these fronts in the wake of an MAS probe of Malaysian rin.. read more

Comment: Cartel tests bank defences

How severe are sanction scenarios over rate twiddling?One answer starts with the A$15 million joint fine on ANZ and Macquarie for cartel conduct. Peanuts. Barely a few hours profit.The admitted conduc.. read more

Tribunal momentum overruns EDR schemes

A Banking and Financial Sector Tribunal will replace the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal if, as seems likely, the recommend.. read more

Few mutual bank candidates left on shelf

Thirteen credit unions or building societies still qualify for a shift to mutual bank status, a path already taken by 18 entities and soon to be followed by two more. The majority of these 13 ADI.. read more