Publication: Banking Day

First reported 15 hours ago - Updated 8 hours ago - 1 reports

eftpos trials online payments

Payment card company eftpos has launched an online payments trial with retailer Coles. The trial will make online eftpos payments available to 350 consumers via the Coles website.eftpos said it would be working with ANZ and Commonwealth Bank on other ... [Published Banking Day - 15 hours ago]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Government to amend financial sector shareholding rules

The Government plans to amend the Financial Sector (Shareholdings) Act to remove an anomaly that deems associated parties with no direct control in a company to be stakeholders.Under the existing law a person must obtain approval from the Treasurer to ... [Published Banking Day - 15 hours ago]
Entities: Relativity
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Aussie stops offering credit cards

Aussie Home Loans has stopped offering credit cards. A notice appeared on the company's website on August 14 saying it no longer offered the Aussie Classic Low Rate MasterCard and Aussie Platinum Low Rate MasterCard to new customers.Comparison website ... [Published Banking Day - 15 hours ago]
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Mixed feelings from lenders over expansion of comprehensive credit reporting

Lenders have given mixed responses to the Financial System Inquiry's suggestion that the comprehensive credit reporting regime could be expanded.In its interim report, the FSI asked for feedback on whether use of CCR should be mandatory, whether it should ... [Published Banking Day - 15 hours ago]
Entities: Medium Business
First reported 15 hours ago - Updated 15 hours ago - 1 reports

Foreign bank branches cannot turn to RBA for liquidity help

Eligibility for the Committed Liquidity Facility from the Reserve Bank of Australia will be narrowed, the Australian Prudential Regulation Authority indicated yesterday."There is no shortage of MLH [minimum liquidity holding] securities in Australia, ... [Published Banking Day - 15 hours ago]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

NAB plans US exit

National Australia Bank will go looking for a capital lift in excess of A$2 billion, through a partial and then a full sell down of its US banking subsidiary Great Western Bank.Great Western had US$2.1 billion in net equity at June 2014, the bank said ... [Published Banking Day - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Kiwibank focused on cost control

Kiwibank is renewing its focus on cost control after reporting only a slight rise in annual profit despite a 10.6 per cent rise in lending and a rise in net interest margins.Twelve years on from its launch as a market share driven competitor for New Zealand's ... [Published Banking Day - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

APRA may ease entry for foreign banks

APRA is considering whether "a more graduated approach to licensing may be warranted,"  going by comments in its second submission to the Financial System Inquiry.The prudential regulator acknowledged a need for "a more efficient and effective process ... [Published Banking Day - Sep 01 2014]
Entities: Banking
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

CBA's record-breaking RMBS issue

If there were any lingering doubts that the residential mortgage-backed securities market is making a strong comeback this year Commonwealth Bank put them to rest when it completed its latest Medallion Trust transaction on Friday. The bank issued a whopping ... [Published Banking Day - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Rubik's banking software division comes up dry

Financial services software supplier Rubik Financial was spared from reporting a loss for the year to June, after it recognised a one-off deferred tax asset of A$9.7 million.The company reported a net profit of A$6.3 million for the year to June, compared ... [Published Banking Day - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

Time for YBR to get its skates on

If Yellow Brick Road is to achieve its stated aim of producing its first profit in the 2014/15 financial year, its management team will need to get their skates on. While the company's revenue grew strongly in the year to June, its losses got bigger.Revenue ... [Published Banking Day - Sep 01 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 1 reports

FSI themes weigh on APRA

The Australian Prudential Regulation Authority foreshadowed that it would take into account any proposals from the Financial System Inquiry when setting capital levels and other regulatory settings for the industry.In its second submission to the inquiry ... [Published Banking Day - Sep 01 2014]

Quotes

"There is no shortage of MLH [minimum liquidity holding] securities in Australia, and consequently no foreign bank branch will require a CLF in order to meet its liquid assets requirement [from January 2015]" APRA said
The FSI said: "Increasing the number of fields reported, such as outstanding credit balances, could further address information asymmetries in the credit assessment process. These benefits would need to be balanced..."
"Computing a precise 'internationally harmonised' capital ratio is not practically possible" the Australian Prudential Regulation Authority wrote in its second submission to the Financial System Inquiry
In its second submission to the inquiry APRA pointed out that "the additional capital required by domestic systemically important banks [ie, the Big Four], which will apply to the major Australian banks from 2016, is a relatively new prudential tool."

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sort by: Date | Relevance
Foreign bank branches cannot turn to RBA for li... [Published Banking Day - 15 hours ago]
eftpos trials online payments [Published Banking Day - 15 hours ago]
Mixed feelings from lenders over expansion of c... [Published Banking Day - 15 hours ago]
Aussie stops offering credit cards [Published Banking Day - 15 hours ago]
Government to amend financial sector shareholdi... [Published Banking Day - 15 hours ago]
Capital analysis hidden in FSI miasma [Published Banking Day - Sep 01 2014]
LMI could 'atrophy' under current rules [Published Banking Day - Sep 01 2014]
FSI themes weigh on APRA [Published Banking Day - Sep 01 2014]
APRA may ease entry for foreign banks [Published Banking Day - Sep 01 2014]
NAB plans US exit [Published Banking Day - Sep 01 2014]
Time for YBR to get its skates on [Published Banking Day - Sep 01 2014]
Rubik's banking software division comes up dry [Published Banking Day - Sep 01 2014]
Kiwibank focused on cost control [Published Banking Day - Sep 01 2014]
CBA's record-breaking RMBS issue [Published Banking Day - Sep 01 2014]
Lending Club IPO moves a step closer [Published Banking Day - Aug 29 2014]
IMB arrests the slide but lacks growth options [Published Banking Day - Aug 29 2014]
Comment: Resolving GSIBs is evolving [Published Banking Day - Aug 29 2014]
TrustCo acquisition boosts Perpetual Corporate ... [Published Banking Day - Aug 29 2014]
Comment: FIIG Securities warns on new "bail-in"... [Published Banking Day - Aug 29 2014]
KWM argues against rapid rule changes [Published Banking Day - Aug 29 2014]
Pioneer Credit beats prospectus forecast [Published Banking Day - Aug 29 2014]
APRA data indicates that lending standards are ... [Published Banking Day - Aug 27 2014]
Utility model reprised by AT Kearney [Published Banking Day - Aug 27 2014]
Tyro on the PEs of an FSI [Published Banking Day - Aug 27 2014]
Advertisement: Process Excellence for Financial... [Published Banking Day - Aug 27 2014]
Visa and Amex slug it out over interchange [Published Banking Day - Aug 27 2014]
Default options at the fore, in ASIC view [Published Banking Day - Aug 27 2014]
Age pension rule limit demand for home equity r... [Published Banking Day - Aug 27 2014]
Firstfolio on the road to recovery [Published Banking Day - Aug 27 2014]
FOS gears up for CBA and Macquarie disputes [Published Banking Day - Aug 27 2014]
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