APRA stresses over supers bank liabilities 21 November 2024 6:24AM Latest news Ian Rogers Super funds own more than a a third of short-term bank debt in Australia. read more
Cash mandate an election ploy 19 November 2024 6:39AM Latest news Ian Rogers The federal government says it will mandate cash acceptance by a range of businesses. read more
Living with and loving inflation 15 November 2024 2:43PM Latest news Ian Rogers Learn to live with it. Get along with it. read more
Prudential standards will include climate risk next year 14 November 2024 6:54AM Latest news Ian Rogers Prudential standards CPS 220 and SPS 220, both relating to risk management, will be updated to explicitly include climate risk in 2025, APRA said yesterday. read more
ACCC warns industry 01 November 2024 7:02AM Latest news Ian Rogers Businesses across the banking and financial sector “should be mindful that the ACCC will not hesitate to take action where necessary to protect competition including through court action” the ACCC chi.. read more
RBA a high cost operator 28 October 2024 6:34AM Latest news Ian Rogers Australia’s central bank may be reforming many of its ways, but cost discipline isn’t one of them. read more
Third parties behind most payments strife 18 October 2024 6:12AM Latest news Ian Rogers The leading cause of payments outages are issues with third parties, analysis by the Reserve Bank of Australia has found. read more
The Authentic challenge in cash-in-transit 16 October 2024 6:04AM Latest news Ian Rogers Often described as a monopoly industry, cash-in-transit is a sector with a vibrant and disruptive alternative supplier. read more
Interchange, surcharging in strife as RBA payments review revs up 16 October 2024 5:58AM Latest news Ian Rogers The federal government expects banks and payments providers to voluntarily end surcharging on debit payments by the end of 2025. read more
International Bank of Australia walks away 02 October 2024 6:45AM Latest news Ian Rogers No surprises. Another neobank bites the dust, this time, International Bank of Australia. read more
ASIC sees 'hollow' compliance 18 September 2024 6:06AM Latest news Ian Rogers Without trust as a foundation, the tower of business comes toppling down. read more
Low income borrowers 'really struggling': Bullock 06 September 2024 6:26AM Latest news Ian Rogers For owner-occupiers with variable-rate loans, the Reserve Bank estimates that around 5 per cent “are in a particularly challenging situation.” read more
LET'S SET THINGS STRAIGHT 09 August 2024 4:39PM Latest news Banking Day staff OUR CHEAPEST SUBSCRIPTION OFFER IN 20 YEARS read more
Banks losing FX market share 31 July 2024 6:36AM Latest news Ian Rogers Fintechs are making headway in the foreign exchange market, largely at the expense of banks, ACCC research has found. read more
States take up the cudgels on eConveyancing 12 July 2024 6:28AM Latest news Ian Rogers Two state governments are stepping forward to make eConveyancing interoperability a commercial reality. read more
Firstmac failed design and distribution rules 11 July 2024 6:22AM Latest news Bernard Kellerman The Federal Court has found Firstmac Limited breached provisions by failing to take reasonable steps that would have resulted in one of its investment products being consistent with its target market.. read more
'Minimal' bankruptcy reforms tabled by Dreyfus 09 July 2024 2:34AM Latest news Ian Rogers Shortening the maximum length of time a bankrupt person must serve their penalty before they are discharged was missing from a slender suite of bankruptcy law reforms outlined yesterday by the Attorne.. read more
CDR a costly fizzer 28 June 2024 4:37AM Latest news Ian Rogers Why bother persisting with the Consumer Data Right? This seems a relevant question, at least in banking, analysis by Accenture for the ABA suggests. read more
Revised Banking Code gets green light 28 June 2024 4:32AM Latest news Ian Rogers ASIC has approved a new version of the Australian Banking Association’s Banking Code of Practice. The new Code won’t commence until the end of February 2025. read more
APRA sees 'simpler, stronger' banking regulation 27 June 2024 6:08AM Latest news Ian Rogers The regulatory settings for banking contains some good points that are worthy of reflection, “but it also strikes me that the argument to date has been quite one-sided” John Lonsdale, the APRA chair,.. read more