Regulation

ABA members have been granted permission to co-ordinate on developing an industry standard to prevent and detect scams.

After having the housing affordability package knocked back, the Prime Minister has confirmed it will be reintroduced this week.

The prudential regulator has sought an injunction against a business allegedly using the word bank without holding the appropriate licence.

Both the US and UK have separately fined UBS, which now owns Credit Suisse, for its subsidiary’s ‘significant failures in risk management’.

Liberal senator Andrew Bragg has accused ASIC of secrecy after it failed to provide evidence to the Senate economics references committee.

Helen Mary Rosamond has been sentenced to a total of 15 years’ imprisonment after being found guilty of defrauding NAB of millions in an enterprise “breathtaking in its audacity”.

Colonial First State Investments has reached an in-principle settlement regarding a superannuation class action about grandfathered commission.

New Zealand’s central bank has agreed to hold its cash rate at a 14-year high.

The central bank has addressed the RBA review’s recommendations.

As post offices pick up the slack amid bank branch closures — particularly in regional communities — a banking committee is overseeing the system.