Regulation

RBNZ holds cash rate in July
13 July 2023

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

RBA to embark on ‘significant’ cultural change
12 July 2023

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

Banking committee to ‘prioritise’ Bank@Post compliance
12 July 2023

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

Royal commission finds Robodebt scheme ‘cruel and crude’
11 July 2023

The Labor government has welcomed the 57 recommendations made in the Robodebt royal commission.

Gaps in cyber security exposed by APRA
7 July 2023

The prudential regulator has identified areas in need of improvement through its study on the financial sector’s cyber resilience.

‘Not surprised’: ASIC review reveals hefty fees for First Nations
6 July 2023

An Indigenous wealth advocacy foundation calls for improved financial literacy support from banks in First Nations communities.

BNK fined for reporting failures
5 July 2023

The prudential regulator has slammed BNK with a $250,000 fine for failing to report data.

APRA bids farewell to deputy chair
30 June 2023

Deputy chair Helen Rowell has recently announced her departure from her position at APRA after serving 10 years.

Inflation falls, but is it enough to hold rates? Economists ask
29 June 2023

While economists had agreed the central bank would lift the cash rate in July, the latest inflation figures have some questioning.

New rules for bank branch closures set: ABA 
29 June 2023

Australia’s banking authority will soon introduce a new protocol to ensure banks communicate better when branches close.