Look to Chile for a better default super model 16 July 2014 1:17AM The Inquiry looked at the issue of costs for the superannuation industry, observing a trend in the wealth management sector toward more vertical integration. As the report highlighted, this also mea.. read more
Not enough competition in the superannuation industry 15 July 2014 7:02PM The interim report of the FSI draws attention to the fact that superannuation assets are around six times the level they were in 1997 and are now over A$1.8 trillion. Australia has the fourth largest.. read more
CBA fails to stop jury trial on Bankwest foreclosure 11 July 2014 3:54PM The Commonwealth Bank of Australia has failed in its attempt to prevent a case for enforcement of a loan guarantee being heard by a Supreme Court jury, rather than a single judge. The CBA is seeking t.. read more
Columbus Capital seeks $340m new RMBS funding 11 July 2014 3:52PM Columbus Capital is marketing its first residential mortgage-backed securitisation for 2014. The collateral is sourced from its wholesale home loan business, Origin Mortgage Management Services. read more
ING Direct unveils APS-modified remuneration schemes 10 July 2014 4:27PM ING Bank (Australia), trading as ING DIRECT Australia, has uploaded a set of remuneration disclosures modified to meet the public disclosure requirements of Australian Prudential Regulatory Authority'.. read more
Role changes for collateral and derivatives 10 July 2014 4:26PM Changes in the way collateral is used, particularly in regard to implications for liquidity of financial institutions, are attracting the attention of the world central banks and policymakers. read more
Bitcoin proponents counter anti-money laundering lobby 04 July 2014 4:00PM This week's report by the Financial Action Task Force on the potential risks of virtual currencies such as Bitcoin pushed several cryptocurrency experts to defend the integrity of the virtual currenci.. read more
Court lifts veil on GE finances 04 July 2014 3:59PM The Federal Court, during the process of ordering consumer credit provider GE Capital Finance Australia to pay a penalty of A$1.5 million for making false or misleading representations, gave some insi.. read more
Think Tank launches Australia's first CMBS for 2014 03 July 2014 3:29PM The first commercial mortgage-backed securitisation transaction of 2014 was launched earlier this week. It is a unique transaction both structurally and asset wise, according to RML Advisory, which ad.. read more
Australian investment bankers cash in on deal flow 03 July 2014 3:28PM Investment banking is beginning to look healthy again. According to Thomson Reuters, global IB fees for the first half of 2014 totalled US$47 billion, an 11.6 per cent rise on the first six months of.. read more