Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).
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RBA's repo RMBS arrears rise
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30 May 2013 7:07amIn October 2012, the Reserve Bank announced it would be introducing new criteria for the acceptance of residential mortgage-backed securities in repurchase transactions. It has since completed a consultation process, and the new eligibility criteria will become effective on December 31, 2014. » read more »
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Bankers' different perspectives on cloud
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30 May 2013 7:06amSpeaking at the CeBIT conference, ANZ's chief technology officer underlined the challenge banks operating across the region face in attempting to harness the cloud. » read more »
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Heartland partners with Kiwibank
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30 May 2013 7:06amNew Zealand's Heartland Bank has stopped offering its own mortgages and will, instead, introduce home-borrowers to Kiwibank, so it can focus on other lending. » read more »
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Briefs: ASIC settles Storm case, NZ's consumer stress levels down
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30 May 2013 7:05amThe Australian Securities and Investments Commission has settled legal proceedings arising out of its investigation into the collapse of Storm Financial; a new Dun and Bradstreet index of consumer financial stress in New Zealand has found stress levels improved through early 2013 to their best level in almost a year. » read more »
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Appointments: New COO at Thorn
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30 May 2013 7:02amThorn Group's Radio Rentals division general manager has been promoted to chief operating officer for the group. » read more »
- Virtual issuers blocked by card schemes
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29 May 2013 7:18amIssuers of virtual cards may have an easier time negotiating access to the MasterCard and Visa card schemes in Australia under reforms to regulations canvassed by the Reserve Bank of Australia. » read more »
- CBA wary of foreign tech giants
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29 May 2013 7:18amThe competitive threat posed to Commonwealth Bank by the likes of Apple and Google is as great as that of its three big bank rivals, CBA's chief executive, Ian Narev, says. » read more »
- Carpetbaggers go for contactless
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29 May 2013 7:17amContactless payments cards may be gaining favour among Australian consumers – but they are also luring thieves and house burglars. » read more »
- Taxi levy capped at five per cent
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29 May 2013 7:15amThe service fee levied by Cabcharge and other taxi payment processors in Victoria will be halved to five per cent of the fare, under reforms endorsed by the state government. » read more »
- CPS seeks bank name
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29 May 2013 7:15amSouth Australia's Community CPS is in discussions with the APRA over a "transition to a mutual bank designation." » read more »
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Suncorp's non-core bank run-off ahead of schedule
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29 May 2013 7:14amSuncorp Bank will beat its June 30 target for reducing the loan balance in its non-core bank. » read more »
