Therese Turner will succeed Julianne Plath as chief excutive of MOVE, the trading name of Railways Credit Union. Turner is currently CEO at My CU and has formerly held CEO roles at the Quay, Capital and Sutherland Credit Unions. Spain's Banco Santander (rated A3/A-/A-), has priced an A$800 million three-part senior non preferred Australian dollar note transaction, expected to be rated Baa2  by Moody's, BBB+ by S&P, and A- by Fitch. The transaction was comprised of a A$300 million 5.5 year FRN, a A$200 million 5.5 year fixed and A$300 million ten year tranches. ANZ and Nomura were joint lead managers on the transaction. Banks have two months to deliver submissions to the Productivity Commission's inquiry into competition in the financial system, which it says will be "broad-ranging" and include examinations of access to finance for business and investment banking operations, the AFR reports. A consultation paper released by the commission last week called for submissions by September 15 and said the investigation would comprise competition in banking products and services, the impact of vertically integrated business models and financial services infrastructure, including the payments system.