MAS ask foreign banks to incorporate

ANZ may have to incorporate, and shift capital, to its retail banking operation in Singapore. The Monetary Authority in Singapore yesterday outlined plans to require foreign banks " that are importan.. read more

Low-doc borrowers feel the pain

Borrowers with low-doc loans, who tend to be self-employed, may be experiencing a greater than the usual level of difficulty paying their loans. read more

RBA offers vision for retail payments hub

A retail payments hub could serve as a central database of "address" information for payees and also handle the delivery of better remittance information, the head of payments policy at the Reserve.. read more

Liquidity targets may be diluted

International industry lobbying for a watering down of the liquidity targets proposed for banks may be successful, with both rumoured and confirmed evidence of a change of heart on the part of regul.. read more

BBB+ rating for People's Choice

People's Choice Credit Union, in South Australia, received a long-term credit rating of BBB+ and a short-term rating of A-2 from Standard & Poor's on Friday. read more

Poor disclosure lets Atradius off hook

Credit insurer Atradius does not have to pay out a A$27 million claim to Optus over invoices unpaid at the time of the collapse of Bill Express in mid-2008, the Supreme Court of New South Wales has.. read more