The latest reconnaissance report by Ian McPhee for the Australian Bankers Association on the sector's 2016 measures to fend off intrusions throws a soft light on the sector, with topics of controversy, delay or push back pared down to the point of obscurity.The grizzle count: zero. read more
Financial institutions / Big five & fintech (1,302 items)
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Australia's banking sector needs "a sharp break with the past", wrote Stephen Sedgwick in his review of the industry's pay practices. But sharp does not mean short, with Sedgwick suggesting a three-year time frame for reform and a follow-up review in 2020. read more
A ban on accelerator reward payments and a shift to a fee-for-service payment model, funded by the banks, are highlights of Stephen Sedgwick's year-long review of retail banking remuneration. A long preview today in the AFR's Chanticleer column has Sedgwick's final recommendations. read more
Australia's largest debit card system, eftpos, is predicting the number of transactions on its network in the days leading up to Easter will peak today. read more
A panel headed by Professor Ian Ramsay into external dispute resolution schemes, including the Financial Ombudsman Service, the Superannuation Complaints Tribunal and the Credit and Investments Ombudsman, has handed its final report to the Australian government.Andt he Australian government has appointed Cathy Walter (pictured) as the chair of a new body set up to "professionalise" the financial advice sector. read more