StepUP program a pathway out of financial exclusion 23 April 2013 4:36PM Research by the Centre for Social Impact found that three-quarters of users of StepUP loans "experienced a positive change in economic and social outcomes after receiving a loan through the not-for-pr.. read more
Overdue reformation for Church funds 22 April 2013 4:36PM Little scrutinised deposit-taking entities, many of them run by Churches, will be subject to more restrictions - but no more scrutiny - under proposals released on Friday by the Australian Prudential.. read more
SMSFs sold on borrowing 19 April 2013 4:17PM Close to one fifth of self-managed superannuation funds have borrowed to invest in real property, a study of the sector by ASIC suggests. read more
Miners shun banks 17 April 2013 4:03PM Debt comprises only 12 per cent of the funding for mining companies, with bank debt accounting for only one third of that amount, research by the Reserve Bank of Australia shows. read more
Basel Committee says Australia is on track 16 April 2013 4:08PM Fourteen countries have put the final Basel III-based capital regulations in place, a report released by the Basel Committee on Banking Supervision yesterday shows. read more
RBA reluctant to pay dividend 12 April 2013 4:01PM Some of the tension between the Reserve Bank of Australia and the Treasurer over the ability of the RBA to pay dividends is aired in documents released by the RBA under the Freedom of Information l.. read more
Big bank mergers bad for financial stability, says Swan 11 April 2013 4:31PM Any mergers between Australia's major banks would not be prudent, the treasurer, Wayne Swan, told an industry conference yesterday. read more
Bill Express CFO jailed 11 April 2013 4:27PM The Victorian Court of Appeal yesterday sentenced Peter Couper, the former chief financial officer of the parent company of Bill Express, to 22 months in jail (to be released after 60 days) and fine.. read more
More capital data needed in pillar 3 reports 10 April 2013 4:56PM Banks will have to make a more detailed disclosure each quarter, both regarding their capital adequacy and the make up of their capital, from the second half of this year. read more
Australian banks 'enjoy government subsidies' 10 April 2013 4:52PM Australian banks enjoy "a range of indirect government subsidies", according to an overview of the local industry prepared by the United States' embassy in Canberra in 2009. Wikileaks fostered acces.. read more