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Showing 21 - 30 of 64 results for "New Bank"

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 ...

New code should apply to all: ABA

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...

Industry welcomes final Better Banking report

HARRISON WORLEY  |  WEDNESDAY, 18 APR 2018
The final report of a two year reform program has outlined the progress made by Australia's banks in implementing the Better Banking Reforms Program. Handing down the report, independent governance expert Ian McPhee said commitment to the package of ...

UK regulator increases support for new starters

JAMIE WILLIAMSON  |  FRIDAY, 29 SEP 2017
As part of its crusade to increase competition in the UK's asset management sector, the Financial Conduct Authority will establish a hub to assist new entrants to the industry. Speaking at an investment conference in Europe, FCA executive director of ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... a budget black hole," Bligh said. ANZ, CBA, NAB and Westpac have also taken to the ASX to criticise the Government's new bank levy, with some saying it will hit customers hardest. The Australian Bankers' Association, the big four and the Macquarie Group ...

Big four hammer bank levy

ALEX BURKE  |  TUESDAY, 23 MAY 2017
ANZ, CBA, NAB and Westpac have taken to the ASX to criticise the Government's new bank levy, with some saying it will hit customers hardest. Westpac chair Lindsay Maxsted said in an open letter that the new levy is "bad public policy that targets just ...

Senior executives sworn to secrecy over bank levy

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... banned from consulting with their boards, customers or shareholders prior to the implementation of legislation around the new bank levy. In what the Australian Bankers' Association has labelled an extraordinary move, the Federal Government yesterday ...

Banks hoping to stall new tax

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
... believes the levy in its current forms gives foreign banks an unfair advantage. Instead, the bank recommends that any new bank liability tax should be applied to the domestic liabilities of all banks operating in Australia with global liabilities above ...

Increased APRA levies provide regulator with more power

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
New reporting measures to increase accountability for authorised deposit-taking institutions and their executives will be introduced by the Federal Government. The Australian Prudential Regulation Authority (APRA) has been allocated $28.6 million over ...

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector. The report said this could be achieved ...