Treasury (88 items)

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

The Wallis era in Australian prudential regulation may be bought to close by a Labor government. APRA seems bound for a reunion with the Reserve Bank of Australia and even ASIC's status as a separate corporate cop may be ripe for a roll up. read more

Any applause for a renovated law on use of the label "bank" in Australia may be misplaced. While Treasury officials expect that the draft reforms unveiled by Treasurer Scott Morrison yesterday will "result in a reduction of barriers to new entrants to the banking sector", the reality is more likely that they won't. Not one jot. read more

The South Australian State budget – unveiled late yesterday – contained a surprise 0.015 per cent levy on the major banks' bank bonds and deposits over A$250,000. read more

Treasurer Scott Morrison has promised that credit card providers "will be forced to scrap unfair and predatory practices" under changes to be introduced "before the end of this calendar year". read more

Regional banks have conditionally thrown their weight behind the Turnbull Government's proposed A$6.2 billion levy on the major banks and Macquarie, but want key aspects of the enabling legislation binned. read more

BoQ's chief executive Jon Sutton has argued that regulatory capital rules give the majors a competitive advantage that cannot be overcome by imposing a levy on the largest banks. read more