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In its submission to the Financial System Inquiry, Coles has outlined some of the stumbling blocks faced by Wesfarmers in its journey toward a banking licence. read more

It is tempting to interpret the launch and associated marketing last week of the Westpac Foundation as symbolic of something significant at the bank, not just its bicentennial which is still three yea.. read more

Federal Treasury  has called for the Financial System Inquiry to consider "the scope for promoting market solutions by redesigning disclosure requirements for the digital age." read more

Routine demands from the Government for the Australian Prudential Regulation Authority to cut costs and maintain work output have "eroded its independence," APRA contended in its submission the Financ.. read more

The Financial Claims Scheme "is not properly priced", and the "too big to fail" perception is distorting the financial system, federal Treasury said in its submission to the Financial System Inquiry. read more

Macroprudential tools " are available and would be used if APRA viewed it as necessary to do so," APRA said in its submission the Financial System Inquiry. read more

The outgoing chief executive of National Australia Bank, Cameron Clyne, can be considered an innovator in one sense …  by "retiring", from August, aged 46 after six years in the job. read more

Shredding demand for cheques and melting down more coins are both on the wish list of banks. read more

The "joint adoption of business models that are relatively low risk" by Australia's major banks may be a good thing for the industry, as may their concentration toward home loan funding, the Reserve B.. read more

The market for small business loans "should be the focus of inquiries regarding competition in lending, rather than the mortgage market," the Reserve Bank of Australia argued in its submission to the.. read more