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Showing 1 - 10 of 136 results for "Four Major Banks"

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
... acquisition of Suncorp Bank by ANZ would further entrench an oligopoly market structure that is concentrated, with the four major banks dominating. It also limits the options for second-tier banks to combine and strengthen in a way that would create ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... can continue to be provided with minimal disruption. APRA confirmed its also finalising requirements for the four major banks to maintain additional loss-absorbing capacity (LAC). The purpose of the adjustment is to ensure that, in the unlikely event ...

Reserve Bank fallout after hawkish pivot

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
... average borrower with a $500,000 loan and 25-year mortgage term would see repayments shoot up by $65 a month. All four major banks have very quickly announced rate changes for owner-occupiers to the tune of 0.25% effective later this month. In a sign ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
... (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ongoing review of the four major banks and other financial institutions. Representatives from APRA, ASIC, Treasury and the University of New South Wales have ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... partnership with Rollit Super last year to provide API infrastructure. CDR went live this year. On 1 November 2020, the four major banks could share data relating to home, investment and personal loans, and joint accounts at the request of customers. ...

Super funds to face parliamentary grilling

ELIZA BAVIN  |  WEDNESDAY, 9 SEP 2020
... Chair of the committee Tim Wilson said the hearings are an important part of the committee's scrutiny of the four major banks and other financial institutions. "Due to the impact of the COVID-19 pandemic a significant number of Australians have accessed ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... Tim Wilson said the hearings are part of the parliament's role in publicly scrutinising and holding Australia's four major banks to account. "The Economics Committee and I are keen to discuss the banks' response to the pandemic with the benefit of hindsight ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... well as issues raised by the COVID-19 pandemic. The grilling is part of the committee's ongoing review of the four major banks and other financial institutions. Wilson said the hearings are "an important mechanism for the Parliament to publicly scrutinise ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
... due to COVID-19 the dates are not set in stone. "Since the election the committee has held hearings with the four major banks, the smaller banks and the superannuation sector. It has not held them with the insurance and financial advice sectors," Wilson ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... MP, said the hearings are an important mechanism for the Parliament to publicly scrutinise and hold Australia's four major banks to account. Wilson said: "The committee's scrutiny will include examining the four major banks' progress in implementing ...
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