BRICs lead bank profit pack

Russia, China, Brazil and India had the world's most profitable banks in 2013, the annual report of the Bank for International Settlements has found. Australian major banks were the most profitable in.. read more

Systemic issues bedevil financial planning

One systemic weakness in banking is being highlighted in the count down to the release of the Financial System Inquiry's interim report. The Australian Securities and Investments Commission on Friday.. read more

UK embraces lending curbs

Caps on mortgage borrowing have been imposed in the UK, with the Bank of England extending an activist program sparked by the GFC. Banks in the UK must now ensure they do not extend more than 15 per c.. read more

CEFC mandate shift planned

The investment mandate of the Clean Energy Finance Corporation may be reshaped, as a workaround by the Australian government to cope with the refusal of the Senate to pass a bill to abolish the specia.. read more

CBA stuck in the firing line

A royal commission is needed to properly probe Commonwealth Bank's maladministration of its financial planning arm, the Economics References Committee of the Senate has concluded. read more

Pillar 3s may become thornier

Quarterly "pillar 3" disclosures by banks may become more complex and also have to be produced on a more timely basis, if proposals from the Basel Committee on Banking Supervision come into force in A.. read more