The Commonwealth Treasurer Scott Morrison yesterday announced the reappointment of Helen Rowell as deputy chair of the Australian Prudential Regulation Authority. read more
Financial institutions / Big five & fintech (1,962 items)
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If the Productivity Commission's draft recommendations for overhauling the retirement savings system are implemented, the business case for bank-owned superannuation offerings could wither rather quickly. read more
New Zealand government ministers say they see no evidence in the kiwi banking system of the sort of "systemic problems" that prompted the Hayne royal commission, but they have agreed to meet regularly with the RBNZ and the FMA as the two regulators develop a work programme to better monitor bank conduct and culture and improve transparency in the financial services sector. read more
Commonwealth Bank set out to reduce the commercial property exposure of its Bankwest arm by around one tenth in 2009, but the bank wasn’t seeking any early exit early from loans that were not in default, the financial services royal commission heard yesterday. read more
Westpac has been found in breach of its obligations under its financial services licence and also held to have engaged in unconscionable conduct in the bank bill market, the Federal Court of Australia ruled yesterday. The bank has evaded any adverse findings regarding allegations of market manipulation or market rigging and also allegations of misleading or deceptive conduct. read more
The banking royal commission, now passing day 24 of hearings, yesterday brought out more customer case studies and more back-pedalling by senior business bankers. read more