The Australian Securitisation Forum has announced the results of its election for national committee positions. The following were elected: Andrew Jinks from Clayton Utz, Belinda Smith from Eticore (a corporate trustee) and Peter Taplin, the head of securitisation and structured asset finance at Westpac. In addition to the elected members three committee members were appointed: Eva Zileli from Latitude, Scott Barker from IFM Investors and Bianca Spata from humm.

 

Commonwealth Bank will move 50 staff to Amsterdam and keep 200 in its London office, but Amsterdam will be home. “Expected to be operational in the first half of 2021, the new Dutch office will help CBA to continue supporting European clients ‘regardless of the outcome of Brexit”, the bank said. Payments company Novatti has formed a partnership with global payments company Ripple, with the intention of providing services in South East Asia. Novatti customers will gain access to Ripple’s RippleNet cross-border transaction network.

 

B2B transaction services provider Cirralto has entered into a business payments service provider agreement with Fiserv and Visa, in which Fiserv will be Cirralto’s merchant acquirer. The company said the deal would allow it to create a “ledger to ledger” payments service with strong controls in the “formation, processing, settlement and reconciliation of transactions” and at a scale and price point that it could not have offered before.

 

The Reserve Bank of New Zealand has published a consultation paper on its plan to reinstate loan-to-value mortgage restrictions from March 1 next year – but it warned the new limits would not significantly constrain house prices. It predicts they might slow the growth by 1 or 2 percentage points. Submissions close 22 January and the RBNZ's decision will be issued in February.