Treasury (94 items)

The Federal Government is on track to collect A$1.55 billion in the current financial year through its controversial wholesale funding levy, but the net additional tax take from the four major banks and Macquarie will be substantially less than expected. read more

Another non-major bank has called for early adoption of comprehensive credit reporting, accusing the big banks of holding back sharing of customer data for as long as possible for their own advantage. read more

Monetary limits are more or less settled, but the funding model and final governance model remain up in the air for the proposed "one stop shop" for financial disputes. read more

The Big Four banks have until 1 July 2018 to provide fifty per cent of their comprehensive credit reporting (CCR) customer data, Treasurer Scott Morrison announced yesterday. read more

A Treasury discussion paper raises questions about Morrison's magic bullet for housing crisis, the National Housing Finance and Investment Corporation and its special financing vehicle. read more

An ADI "must not take out insurance against the consequences of breaching the BEAR for itself or an accountable person," the government is planning to dictate.This will leave the net wealth of all directors of all ADIs on the line. read more

There may be a dash for the exits from the rowdy sanctums of the Australian Bankers Association, with more than one bank jostling for first mover advantage and the accolades that may come from a select set of stakeholders for doing so.Banks of different stripes are treating a respectful - or in your face - resignation from the ABA as a strategic matter of the utmost importance. read more

The six basis point levy that has so aggravated the five banks and their industry association is ho-hum and no burden to those banks in accessing a recently cultivated corner of the capital market. read more

None of Australia's five largest banks would need to reconfigure their existing executive pay structures to comply with the government's planned Banking Executive Accountability Regime. read more

The Australian Bankers Association chewed through around A$9 million for "special projects" over an eight-month period to February this year. read more

The Open Banking Review has released an issues paper for public comment explaining the context and background for the Government's decision to introduce an open banking regime in Australia. read more