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The RBA’s Payment System Board has abandoned a proposal to prohibit the setting of a default network in dual-network debit cards but remains committed to ensuring that merchants can choose their prefe.. read more

Bendigo and Adelaide Bank is getting out of the superannuation market, announcing yesterday that it will sell Bendigo Superannuation Pty Ltd to Betashares. read more

ANZ will pay a $15 million fine for misleading customers about the funds available in their credit card accounts. read more

After gathering dust for eight years, the Review of the Personal Property Securities Act has been taken up by Attorney-General Mark Dreyfus, who has released a draft bill to overhaul the controversial.. read more

The Reserve Bank says further private and public sector development of green and sustainable financial markets is needed, if they are to play a significant role in funding Australia’s transition to a.. read more

The design of hybrid securities issued by Australian banks may be about to change, with APRA saying it is concerned some current product features and market practices “create significant challenges or.. read more

The directors of finance company Thorn Group have thrown in the towel, agreeing to sell what is left of the struggling company to major shareholder Somers Ltd. read more

A change to bank capital adequacy rules this year, which reduced the risk weighting on SME loans, does not appear to have had any impact on the volume of SME lending by banks. read more

Biodiversity reporting is now firmly on the corporate sustainability agenda, with the publication of the final recommendations of the Taskforce on Nature-related Financial Disclosures. read more

The Federal Court has approved a settlement reached in relation to a class action brought against Commonwealth Bank alleging mis-selling of consumer credit insurance. read more