AUSTRAC decries de-banking

AUSTRAC stepped into the debate around ‘de-banking’ on Friday, insisting it “continues to discourage the indiscriminate and widespread closure of accounts across entire financial services sectors”. read more

CUFSS rewires liquidity lifeline

An overhaul of a 22-year old co-operative liquidity support arrangement for credit unions and mutual banks is ready for a bold recruitment campaign by CUFSS Ltd to rejuvenate the scheme. read more

Auswide ‘reviews offers’

The board of Auswide Bank have been forthcoming on the tempo of the bank’s engagement with consolidation discussions around the smaller fry in the sector.. read more

Half a hope in payments review

Least cost routing is getting a leg up but the least cost welfare maximising routine is getting left behind in Australia, viat the Reserve Bank’s Review of Retail Payments Regulation. read more

RBA red and blue in 2021

The Reserve Bank of Australia recorded an 'accounting loss' of A$4.3 billion, its first in years, as unrealised valuation losses exceeded the sum of other components of profit, the RBA’s 2021 annual r.. read more

Mutuals gather interest in MCIs

Interest in mutual capital interests in beginning to take off, with ADIs planning to update their constitutions at annual general meetings. read more