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Showing 111 - 120 of 478 results for "Australian Bank"

Westpac cops BBSW fine

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
Westpac will pay a $3.3 million penalty over its involvement in the bank bill swap rate saga that's ensnared Australian banks this year. On Friday the Federal Court ordered the bank pay $3.3 million for contravening the ASIC Act in its involvement in ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
... continued spending in technology or face being left behind when it comes to innovation. In their post FY18 analysis of Australian bank results, KPMG and EY point to several compliance and technology headwinds facing the sector and suggest cost discipline ...

What the RC can teach us about trust: Deloitte

DARREN SNYDER  |  MONDAY, 29 OCT 2018
One of the big four accounting and professional services firms is seizing the financial services Royal Commission as an opportunity to better understand how trust works in Australian banks. Launching its first trust index for Australia's banking ...

Qualitas seizes non-bank financing opportunities

KARREN VERGARA  |  THURSDAY, 18 OCT 2018
Amid the major banks lowering their lending participation rates, Qualitas sees a boom in the private debt real estate segment over the medium term. Speaking at a media briefing on Monday, Qualitas group managing director Andrew Schwartz said private ...

Real estate investment manager bolsters debt team

HARRISON WORLEY  |  THURSDAY, 18 OCT 2018
A US$115 billion real estate investment manager added a former KPMG senior analyst to cater for growth in its commercial real estate debt business. Nicholas Lim will link with TH Real Estate's debt strategies team. Joining the firm as an analyst ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott has admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives ...

RC interim report is fair: Spot poll

KARREN VERGARA  |  MONDAY, 8 OCT 2018
Findings in Commissioner Kenneth Hayne's interim report are fair and reasonable, according to Financial Standard's latest spot poll. The interim report, which summarised his views of the first four rounds of hearings, included financial advice ...

A day of shame for Aussie banks: Bligh

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
Australian Banking Association chief executive Anna Bligh said the Royal Commission's interim report into misconduct in financial services marked a "day of shame" for Australia's banks. Holding a press conference after Commissioner Kenneth Hayne ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
The industry's remuneration practices and policies played a major role in the banking misconduct uncovered by the Royal Commission Inquiry, the interim report found. Governance and risk management practices failed to prevent the misconduct where ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
Australian Banking Association chief executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice ...