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A study of risk culture across the financial services sector by a team of Macquarie University researchers has demonstrated that profit-based incentives can adversely impact compliance. read more

Proceedings launched by AUSTRAC against CBA for persistent and long-running failures to comply with Anti-Money Laundering and Counter-Terrorism Financing regulations show that AML/CTF programs are poi.. read more

Preliminary ratings have been assigned to a couple of asset-backed securitisations currently being marketed, including Bendigo and Adelaide's third RMBS backed by prime mortgages. read more

Wholesale aggregator National Mortgage Brokers has been acquired by Liberty Financial, leaving Aussie Home Loans to concentrate on its own distribution footprint. read more

Diversified Australian retail firm Kogan.com Limited has entered into an agreement with The Hollard Insurance Company Pty Ltd which will see Kogan shift into the Australian insurance market. read more

ANZ announced yesterday that it is considering an on-market buy-back offer for its convertible preference shares (CPS3), issued in September 2011. read more

The latest progress report - the fifth in an ongoing series - from former Commonwealth auditor-general Ian McPhee was published yesterday, commending banks on their progress. read more

Pepper Group Limited has signed a share purchase agreement to acquire 100 per cent of Portuguese consumer finance business, Banco Primus SA (Lisbon) from parent company, Credit Foncier de France. read more

NAB's divestment of non-core businesses has continued, with senior management in NAB's asset consulting business, JANA, set to buy 55 per cent of the operation. read more

Confirmation from the Big Four banks that no individuals had their employment terminated as a result of the bad behaviour highlighted in the Coleman Report is one of the main factors behind the propos.. read more