FRAA issues APRA review consultation paper 09 November 2022 5:58AM Latest news John Kavanagh The Financial Regulator Assessment Authority’s review of APRA will focus on the effectiveness and capability of its supervision of the superannuation industry. read more
The inside story of the the Shipton / Crennan affair 27 October 2020 6:31AM Latest news Ian Rogers Around 35 years ago, Banking Day editor Ian Rogers was the enabler of a fraud on the Commonwealth by a slick new divisional CEO of a large department, an episode with strong parallels to the affair t.. read more
Banks told to use their capital buffers 25 June 2020 6:12AM Latest news John Kavanagh The Council of Financial Regulators has endorsed APRA’s position that banks should use their capital buffers to ensure the continued flow of credit. read more
ASIC reluctant to give ground on responsible lending 30 April 2020 3:26PM ASIC John Kavanagh The Australian Securities and Investments Commission has cautioned lenders not to make too many assumptions about how quickly consumers’ income will recover post-pandemic when making loan application.. read more
APRA insider spots CEC agenda 01 July 2019 1:01PM Latest news Ian Rogers APRA insiders rarely vent their spleen, let alone spill the beans on their former employer. Wilson Sy, a principal researcher at APRA from 2004 to 2010 (and a favourite of the Citizens Electoral Counc.. read more
Jane Hume carries financial chalice 27 May 2019 4:12PM Finance regulation Ian Rogers and John Kavanagh Two junior ministers will share responsibility for financial services in Scott Morrison's new government. Michael Sukkar returns as assistant treasurer and also minister for housing, while Jane Hume w.. read more
A Labor 'tax on market cap' 25 February 2019 5:31PM Major Banks Banking Day staff Financiers in the ASX100 will be the target of a new new tax proposed by the opposition Labor Party. read more
Byres granted ten year tenure at APRA 05 November 2018 4:55PM Finance regulation Banking Day staff Wayne Byres will serve a further five year term as chair of APRA. read more
PSB catalogs payments 28 August 2018 4:54PM Payments, mobile & wallets Banking Day staff e-commerce: how did that word end up in an RBA bulletin? read more
Briefs: Jones confirmed in CEO role, IMB outlines HQ plans, Council of Financial Regulators mulling 20 August 2018 3:42PM Briefs Banking Day staff Former Westpac staffer Mark Jones has been officially appointed CEO of non-bank lender SocietyOne. read more
Trail commissions doomed 04 August 2018 1:29AM Latest news Ian Rogers Trail commissions "should be banned" but upfront commissions will survive, and these reforms "must be implemented by all lenders without further delay," an aggravated Productivity Commission demands. read more
Briefs: Ramsay EDR review done, Walter on advice watch, Medcraft digs bank crowd challenge and more 10 April 2017 3:56PM Briefs Banking Day staff A panel headed by Professor Ian Ramsay into external dispute resolution schemes, including the Financial Ombudsman Service, the Superannuation Complaints Tribunal and the Credit and Investments Ombu.. read more
Lowe turns over Sydney bust 06 April 2017 3:40PM Finance regulation David Llewellyn-Smith Policy measures aimed at restraining bank lending unveiled in recent days may be novel. Other facets of coordinated policy action are not novel, but more like a rerun of methods used at a time of runa.. read more
Household assets to income ratio 471% 27 August 2016 5:07PM Mortgages Banking Day staff <!-- /* Font Definitions */ @font-face {font-family:Cambria; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-si.. read more
ASIC measures up the sandbox 09 June 2016 3:51PM Finance regulation John Kavanagh Following its announcement last month that it would consider creating a "regulatory sandbox" as part of its innovation hub, the Australian Securities and Investments Commission has released a consulta.. read more
Swan prepared as the crisis hit 20 August 2014 3:48PM Major Banks Ian Rogers ANZ and NAB were "keen to merge" in June 2008, writes the former treasurer, Wayne Swan, in his book 'The Good Fight'. read more