Canadian-style RMBS scheme floated, again 28 March 2024 3:40AM Latest news Ian Rogers Banks may be encouraged to pilot 'tracker mortgages' if the government takes up a proposal from the House of Representatives Economics Committee. read more
Inquiry into competitiveness of NZ retail banking market 21 June 2023 2:33AM Latest news Lynn Grieveson The New Zealand government has announced an inquiry into the retail banking market, with a focus on barriers to entry for competitors, the ability to switch banks easily and openness to new technology.. read more
Hayne calls on the broader business community to review standards 31 May 2023 6:03AM Latest news John Kavanagh Kenneth Hayne, who led the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, believes the broad findings in his report need to be applied by Australian b.. read more
Private debt collectors feature in Robodebt inquiry 26 August 2022 6:06PM Latest news Ian Rogers The use of third party debt collectors under Centrelink’s ‘Robodebt’ debt collections schemes form part of the Terms of Reference for a royal commission into this scandal. read more
Orr under fire over RBNZ’s Covid “cash tidal wave” 27 July 2022 6:06AM Latest news Lynn Grieveson Reserve Bank of NZ governor Adrian Orr is under fire both from previous RBNZ governors and senior staff, and from politicians calling for an independent review into the central bank’s performance in r.. read more
RBA review revs up 21 July 2022 6:19AM Latest news Ian Rogers Carolyn Wilkins, a former senior deputy governor of the Bank of Canada will lead the review of the Reserve Bank of Australia, the terms of which were announced yesterday by the treasurer, Jim Chalmers.. read more
Let first home buyers access their super, committee urges 21 March 2022 5:07AM Latest news John Kavanagh A parliamentary review of housing affordability has revisited the question of whether superannuation savings should be put towards a home purchase, recommending that first home buyers be allowed to us.. read more
Senate committee supports passage of FAR and compensation scheme bills 16 February 2022 6:14AM Latest news John Kavanagh The Senate Economics Legislation Committee has released the results of its inquiry into two Hayne-related bills recommending that the bills be passed without amendment. read more
Trust in Aussie banks bottom of the rankings 28 January 2022 5:36AM Latest news John Kavanagh The misconduct that came to light at the Hayne royal commission continues to hang over the banking industry, with consumer’s level of trust in Australian banks among the lowest in the world. read more
Government prepares to decommission Hayne inquiry website 16 December 2021 6:07AM Latest news George Lekakis The Morrison government is set to pull the website of Commissioner Kenneth Hayne’s 2018 inquiry into misconduct across the financial services industry even though many of his recommendations are not y.. read more
Compo hopes for Hayne’s forgotten victims hang on Labor renewing 2019 policy 15 December 2021 6:03AM Latest news George Lekakis Longstanding victims of crimes and professional misconduct in the financial services industry are hoping that 2022 will be the year that federal lawmakers finally deliver for their decade-long battle.. read more
Regional banking taskforce wants answers 19 November 2021 6:18AM Latest news Bernard Kellerman Treasury has announced the terms of reference of the taskforce into the impact of regional and remote branch closures. read more
Bank branch closures begets another inquiry 25 October 2021 6:15AM Latest news Ian Rogers A Regional Banking Taskforce has been established by the Morrison Government “to assess the impact of bank branch closures on regional communities." read more
Treasury, regulators grilled over payments regulation ‘mess’ 28 July 2021 6:30AM Latest news George Lekakis During a hearing of the parliamentary committee reviewing digital payments, a Treasury official was grilled about the decision to appoint King & Wood Mallesons partner Scott Farrell to lead the in.. read more
OPINION: Canberra struggles to understand payments 27 July 2021 6:18AM Latest news George Lekakis The prospects for an informed public debate on the future of digital payments look dim, if the hearings of a parliamentary committee on Monday can be taken as a guide. read more
Hayne's long, bloody shadow over banking 19 July 2021 6:06AM Latest news Tom Ravlic ASIC’s recent announcement of the CDPP’s decision to not pursue further action in relation to the ’buyer of last resort’ case played out before the royal commission further confirms that Kenneth Hayne.. read more
Senators push for a crypto-friendly Australia 20 May 2021 3:44AM Latest news Bernard Kellerman A Senate committee will examine the "relative sophistication" of Australia's regulations of cryptocurrencies and digital assets, compared to approaches taken in similar jurisdictions, among a raft of.. read more
Mobile payments inquiry calls for submissions 09 April 2021 5:40AM Latest news John Kavanagh The commercial relationships between providers of mobile payment services and financial services providers will be the core issue in an parliamentary committee inquiry into mobile payment and digital.. read more
Banks walk back Hayne remorse 09 February 2021 6:05AM Latest news Tom Ravlic The history of how the 2018 banking royal commission came about is just as relevant today for understanding who and what the government is listening to regarding specific recommendations from the comm.. read more
Comment: Year 3 of the Hayne brocade 05 February 2021 6:10AM Latest news John Kavanagh It was inevitable that the Morrison government’s acceptance of Kenneth Hayne’s call for stricter adherence to financial services law and a stronger regulatory approach would wane at some point. read more