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Showing 61 - 70 of 521 results for "Banking Sector"

Industry names recognised

ELIZA BAVIN  |  TUESDAY, 28 JAN 2020
A number of key figures in the financial services industry were among those recognised on Australia Day, being awarded an Officer of the Order of Australia. Rice Warner executive director Michael Rice received the honour for his service to business ...

Banking sector losses continue

ELIZA BAVIN  |  THURSDAY, 23 JAN 2020
Australian banks continue to take a beating, with all of the Big Four losing brand value, according to a report from Brand Finance Australia. The report said the hit comes as the delayed effects of the global economic slowdown are being felt around ...

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
The ACCC has delayed the launch of consumer data right (CDR) for the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... shareholders that ANZ was proactively reviewing its systems used to transfer money amid the controversy plaguing the banking sector thanks to Westpac's alleged money laundering breaches. "There has also been considerable shareholder interest in the role ...

APRA proposes new banking data policies

ALLY SELBY  |  FRIDAY, 6 DEC 2019
... support competition and lift overall industry standards in a shift towards greater transparency and scrutiny of the banking sector. The prudential regulator has pushed for all data from authorised deposit-taking institutions (ADIs) to be considered non-confidential ...

CBA chief tasked with rebuilding banking

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... chief executive Shayne Elliot stepping down from the role. Comyn aims to rebuild consumer trust in Australia's banking sector following the Hayne Royal Commission and various scandals that have tarnished the banking industry of late. "I look forward ...

AFCA gets 1450 complaints a week

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... to an Ombudsman's Determination." Recently, the Competition and Consumer (External Dispute Resolution Scheme - Banking Sector) Instrument 2019 was registered. This instrument recognises AFCA as the external dispute resolution scheme for the banking sector ...

ACCC to probe rate cut decisions

HARRISON WORLEY  |  MONDAY, 14 OCT 2019
The Australian Competition and Consumer Commission (ACCC) has been directed by the government to immediately establish an inquiry into the behaviour of Australia's banks when it comes to passing on interest rate cuts. Announcing the inquiry on this ...

Dividend payouts stagnate

KARREN VERGARA  |  MONDAY, 26 AUG 2019
... putting pressure on earnings, subdued revenue, remediation and credit charges bouncing off lows, UBS said in a banking sector note. Further, UBS forecasted an ongoing trend of regulators not backing down from proposing changes to capital, remediation ...

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
... allow them to switch service providers more easily. The Consumer Data Right reforms would first be applied to the banking sector under the Open Banking changes. The energy and telecommunications sectors are proposed to follow next. Three of the four ...