APRA focused on NAB liquidity 27 November 2018 6:07PM Major Banks Banking Day staff Candour on NAB's difficulties during and following the global financial crisis got an unexpected airing at yesterday's hearings of the banking royal commission in Melbourne. read more
Rudd warned major bank on the brink in 2008 06 November 2018 5:06PM Major Banks Ian Rogers Which "first tier" name among Australia's banks was in the most delicate - and near fatal - condition at the height of the financial crisis in October 2008? The second volume of memoirs by former PM K.. read more
Local banks weather global Soros induced sell-off 31 May 2018 5:07PM Equity capital markets Banking Day staff Banks and financial services companies wore the brunt of the equities sell-off on the ASX yesterday, as local investors reacted to renewed global fears about the stability of Europe's banking system. read more
Government to sell out of RMBS 09 November 2017 5:26PM Debt capital markets Bernard Kellerman The Commonwealth government is to auction off the Australian Office of Financial Management's entire current holdings of residential mortgaged-backed securities, comprising its remaining investments i.. read more
Foreign News: Fintech hub for Bahrain, UnionPay all over US, European banks under FBI spotlight, and 07 November 2017 5:58PM Foreign news Banking Day staff FinTech Consortium, which runs fintech hubs in New York and Singapore, has been appointed to operate a planned new fintech hub in Bahrain. read more
Economic balance tilts back to Europe 29 September 2017 3:00PM Foreign news Bernard Kellerman The global economy is continuing its recovery, with the growth in world trade stronger than anticipated at the start of the year. read more
APRA's capital rethink: Curb your home loan enthusiasm 20 July 2017 4:52PM Finance regulation Ian Rogers APRA's capital crackdown means up to A$10 billion in extra capital will be needed across major banks by 2020 - and a margin increase of 10 basis points is fine with APRA. read more
Cazaly called on a capital APRA operetta 20 July 2017 4:48PM Finance regulation Ian Rogers The work on bank capital in Australia is not yet even half done by APRA. Conclusive guidance on risk weighting for the major banks (and maybe all entities) remains a work in progress or a secret too s.. read more
Insolvencies near GFC levels 04 May 2017 4:16PM Consumer lending Ian Rogers The number of personal insolvencies rebounded over the March 2017 quarter - and are now approaching the levels seen during the global financial crisis. read more
Gloucester Council passes first hurdle v Fitch 17 March 2017 5:23PM Ratings agencies Bernard Kellerman The Federal Court in Sydney has allowed Gloucester Shire Council's lawyers a chance to file an amended statement of claim against Fitch Ratings which will include further information on losses from sy.. read more
Bank customers first in Italian line to lose all 05 December 2016 5:10PM Foreign news Ian Rogers There is a high degree of probability (approaching 90 per cent) that Italy will experience a severe banking crisis in the next few quarters, John Maudlin asserted in a lively Saturday newsletter. read more
BIS identifies a poisonous legacy in banking 02 December 2016 4:35PM Finance regulation Banking Day staff The head of the economics department at the Bank of International Settlements says the banking industry is still plagued by the GFC's poisonous legacy. read more
Global banks 'vulnerable to adverse shocks' 18 October 2016 5:23PM Finance regulation Ian Rogers Financial institutions are "more vulnerable to adverse shocks" according to a study led in part by US economist Larry Summers. read more
And, a timely study on bank failures 04 October 2016 5:12PM Ratings agencies Philip Bayley from DCM Review Fitch Ratings released its latest bank ratings performance study late last week, noting the links between defaults and bank failures. read more
Comment: Canberra's shapeless bank inquiries 03 October 2016 4:41PM Government inquiries Ian Rogers Is there a smoking gun in the banking industry in Australia? A decent banking inquiry may uncover one, should it exist. No such inquiry is planned or underway. Yet this is "the central question being.. read more
Banks need risk ratings like restaurants, says ANZ global subsidiaries MD 06 July 2016 4:49PM Finance regulation Banking Day staff Since the global financial crisis, regulations have been put in place to ensure banks hold sufficient capital, recognise risk and protect their depositors. Tareq Muhmood, ANZ's chief executive o.. read more
Consumer credit delinquencies an emerging problem in the US 23 June 2016 4:01PM Consumer lending Ian Rogers The United States faces the risk of a significant rise in consumer credit delinquencies, UBS warns in a credit strategy report issued this week. read more
APAC's AA banks expected to 'remain sound in a downturn' 21 June 2016 4:34PM Ratings agencies Bernard Kellerman In its report card on the eight strongest banks in the Asia-Pacific region, Fitch ratings agency said it expected sound profiles would be maintained, despite the current credit-cycle downturn. It rate.. read more
Foreign news: Japanese banks won't be allowed to charge depositors, US bank issues credit card for u 16 June 2016 3:22PM Foreign news Banking Day staff Japan's negative interest rates are becoming an issue in the country's upper house election campaign, with parties debating the possibility that banks will charge retail depositors a fee for holding t.. read more
European bank issues resolution bonds to cover TLAC requirements 14 June 2016 4:05PM Finance regulation Philip Bayley The Australian Prudential Regulation Authority is yet to decide on its approach to total loss-absorbing capital but other regulators around the world are moving ahead with their own approaches. read more