Stick with four pillars: RBA 03 April 2014 4:48PM The Reserve Bank of Australia has once again endorsed the long-standing "four pillars" policy that in effect prevents any mergers between the four major banks in Australia. read more
Banks must pay for deposit insurance 03 April 2014 4:47PM Banks need to live with paying the fee for deposit insurance, the Reserve Bank of Australia said in its submission to the Financial System Inquiry. read more
Help fund us, cry banks 02 April 2014 5:06PM Measures to help banks source more liabilities feature prominently in the Australian Bankers Association 's submission to the Financial System Inquiry. read more
'Regulate financial regulators' 02 April 2014 5:05PM The Council of Financial Regulators needs to "play a more active and transparent role in assessing the economy-wide impacts of new or changed regulation and coordinating the activities of different re.. read more
ANZ calls for rethink on capital buffers 02 April 2014 5:04PM ANZ wants bank regulators to rethink "buffers against extreme system risk," - in effect calling for the unwinding of APRA's assessment of the four major Australian banks as Domestic Systemically Impor.. read more
Industry plan needed, say foreign banks 02 April 2014 5:03PM The Australian Government should work with the industry to "develop a strategic plan to develop the financial services sector in Australia," the main foreign bank lobby proposes. read more
Canada regime still appeals to MFAA 02 April 2014 5:01PM The mother of all industry support schemes continues to hold appeal for some in the finance sector. read more
Regionals pull their punches on industry structure 01 April 2014 4:42PM Large banks have considerable pricing power in the mortgage market and should be "taxed" in some fashion to level the playing field, four regional banks argue in a submission to the Financial System I.. read more
Mutuals seek to refashion APRA mission 01 April 2014 4:41PM Mutual deposit-taking entities want the prudential regulator to receive a makeover "to increase the priority given to diversity, plurality and competition." read more
Majors aim to 'get Tyro out of the market' 31 March 2014 4:55PM The sales practices of major banks in the payments processing market are the subject of a searing critique by Tyro Payments in a submission to the Financial System Inquiry. read more