NAB (564 items)

Jane Hume carries financial chalice

Two junior ministers will share responsibility for financial services in Scott Morrison’s new government. Michael Sukkar returns as assistant treasurer and also minister for housing, while Jane Hume will be assistant minister for superannuation and financial services. read more

Carney competes for fintech spotlight

There is "a growing pipeline of firms" - make that fintechs - clamouring for access on level terms with banks to the central bank's most vital, and real-time, payments processing. At least in England, or so BOE governor Mark Carney told a London fintech fiesta last night. read more

S&P doubts resolve over bank rescues

There is still "no clear framework for loss absorption" during a wind-up or resolution of a failing bank, S&P says. Though APRA have said there will be no statutory bail-in power at all, this is a message lost on one fragment of the banking news media and far-right CEC activists.The actual risk for depositors is the credit ratings of the four major banks are soon downgraded to A-, down from AA- now, a risk averted only if ‘too big to fail’ is still a thing. read more

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