BCA wants liquidity reforms delayed

The Australian Prudential Regulation Authority should delay the adoption of new standards on bank liquidity, the Business Council of Australia proposes in a report on economic policy priorities. read more

Banks hit by large-scale fraud

The Australian Crime Commission believes there is "large-scale fraud" against Australian banks, but has spelt out only a generic estimate of the costs of this. read more

Stevens endorses lending restraint

Policy-makers and banks must not "try to engineer" a revival in credit growth as an antidote to the slow-down in economic growth that is connected to the decline in mining investment, Glenn Stevens,.. read more

Rates will remain low

Glenn Stevens, governor of the Reserve Bank of Australia, offered a long-term projection on interest rates in his Sydney speech yesterday. read more

NAB picks CFO

Craig Drummond, an experienced investment banker and CEO, is to join National Australia Bank as finance director and head of strategy. read more

Treasury targets intra-group debt

The tax treatment of debt in Australia may be the subject of another review, with the release of a Treasury paper on "risks to the sustainability of Australia's corporate tax base." The paper revisi.. read more

Mint now a merchant acquirer

Mint Wireless has entered a "wholesale merchant acquiring partnership" with Bendigo and Adelaide Bank to support the entry of the Sydney-based firm into the Australian market. read more

AFG 'not for sale'

Brett McKeon, managing of director of Australian Finance Group yesterday set out to scotch talk the company was for on the market. "Quite simply, AFG is not for sale," he said in a statement. read more