ASIC urged to work with government to help cut regulatory costs, relax requirements.
Revisions aim to ensure consistent compliance in resolving bank failures.
Bankwest failed to ensure clients’ offset bank accounts were properly linked with home loans.
Regulator proposes to remove internal ratings-based approach from reporting standards.
Bankers association aims to address misconduct, charging for undelivered services.
Regulator to spend $46mn on data platform, analytics; add trade reporting data to monitoring platform.
Consolidation aims to further reduce red tape, streamline rules amendment procedure.
Largest shortfall at Commonwealth Bank; of ‘Big 4’, only ANZ has a capital surplus.
APRA requirement said to develop data availability for ‘clear presentation of facts’.
Commission says ASX adhered to procedure during outage, but some areas needs to be enhanced.