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Genworth offers hardship relief in Christchurch
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08 September 2010 7:16amGenworth Financial has about 5000 home loans insured in Christchurch, which represents about one-fifth of one per cent of its Australian and New Zealand portfolio. » read more »
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Connected exposures limit will now apply to Rabobank
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08 September 2010 7:15amThe Reserve Bank of New Zealand has done away with the exemption that locally incorporated banks had on connected exposures limits when the exposure is based on a guarantee from a AAA-rated parent. » read more »
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Commonwealth Bank bond spreads widen
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08 September 2010 7:14amCommonwealth Bank yesterday confirmed that it had completed the domestic sale of $1.5 billion of three-year bonds. The issue included $500 million issued at 6.25 per cent and $1 billion of floating rate securities priced 85 basis points over the bank bill swap rate. » read more »
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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 »
