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Kittel to head BankSA
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08 September 2010 7:13amWestpac yesterday announced that the general manager of its Pacific operations, Jane Kittel, will move to Adelaide to take charge of its subsidiary BankSA. » read more »
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Current jobs in banking and finance
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08 September 2010 7:13am
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The conservation buffer is a de facto increase in minimum capital
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07 September 2010 6:52amThe Australian Prudential Regulation Authority yesterday gave notice that banks will have to change their capital management practices to take account of tighter Pillar 2 standards and the imposition of capital conservation and countercyclical buffers. » read more »
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APRA warns that Tier 1 deductions will be big
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07 September 2010 6:52amAustralian banks reported an average Tier 1 capital position of 9.2 per cent in their 2009 financial statements, according to the Australian Prudential Regulation Authority. » read more »
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A day of regulatory triumphalism
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07 September 2010 6:51amAustralian Prudential Regulation Authority representatives have not been shy about telling the financial services industry over the past couple of years that their conservative approach to regulation was a key factor in getting Australia through the financial crisis with its banking system intact. » read more »
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Liquidity rule still under wraps
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07 September 2010 6:51amOne of the biggest questions about Basel III is how Australian banks will handle the requirement that 60 per cent of liquid assets be government bonds. » read more »
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Small ADIs will not be disadvantaged
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07 September 2010 6:51amThere was alarm among representatives of the mutual banking sector at yesterday’s Finsia Basel III forum as APRA executives outlined the scope of new regulatory requirements that start to take effect from 2013. » read more »
- Macquarie gets first-quarter profits wrong
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07 September 2010 6:50amMacquarie Group yesterday produced a curious update on its earnings outlook for its present financial year, and one that in key details contradicted the guidance – in connection with the bank’s first quarter – given at the bank’s annual meeting five weeks ago. » read more »
- FirstMac back in bond market
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07 September 2010 6:50amFirstMac yesterday sold its second series of mortgage-backed securities for the year, and one supported by the Australian Office of Financial Management. » read more »
- Mortgage Choice opts for white-label loan
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07 September 2010 6:43amMortgage Choice will soon market home loans under a new brand created by the firm and funded by a major bank, the CEO, Michael Russell, told the Financial Review. » read more »
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Canterbury quake a financial shock
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06 September 2010 6:48amThe early estimate on the damages bill arising from Saturday’s force 7.1 earthquake centred to the west of Christchurch is around NZ$2 billion. New Zealand’s Treasury is the source of this estimate, though costlier estimates are also in circulation. » read more »
