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INDUSTRY NEWS
The Federal Treasurer, Scott Morrison has not so subtly warned the banks against seeking to pass on the costs of meeting higher capital requirements to consumers....
INDUSTRY NEWS
The major banks are likely to feel the squeeze as the Australian Prudential Regulation Authority has prepared to raise the bar on their capital adequacy requirements....
INDUSTRY NEWS
The Federal Government has moved to lift the restriction on the use of the descriptor ‘bank’ in a move which is expected to see many more approved deposit-taking institut...
INDUSTRY NEWS
The creation of the Australian Financial Complaints Authority will not address or prevent financial scandals and will cost an extra $9.2 million, according to CIO....
INDUSTRY NEWS
The Government flagged the existence of a loophole in last year’s Budget and the Minister for Revenue and Financial Services, Kelly O’Dwyer has admitted a handful of mili...
INDUSTRY NEWS
The Federal Government has intervened to make clear it does not intend that passive investment vehicles should benefit from its company tax cuts....
INDUSTRY NEWS
The ABA said today the industry’s Code of Banking Practice was on track to be finalised by the end of the 2017, which it said was ambitious but necessary....
INDUSTRY NEWS
Want an AFSL? Better be ‘fit and proper’. A Government taskforce is proposing tough new powers which would enable ASIC to refuse licensing to those it deems not to be ‘fi...
INDUSTRY NEWS
Consulting firm GlobalData has called out the government over changes to the Investor Visa it said has deterred wealthy migrants from migrating to Australia....
INDUSTRY NEWS
The Federal Government has reminded the major banks the ACCC will be watching how they handle implementation of the major bank levy....
INDUSTRY NEWS
The industry funds-owned ME Bank has backed the imposing of the major bank levy claiming it will help level a playing field skewed by the GFC and bank guarantee....
INDUSTRY NEWS
Regulatory reporting is not just about putting numbers in a box and financial firms need a robust plan as APRA is going through a huge cycle of reporting changes, accordi...
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Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...