All posts tagged "ANZ"
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849FeatureSWIFT Completes Latest gpi Trial with Singapore FAST
All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
July 22, 2019 -
629Australia & NZANZ, Citi, Deutsche to Defend Against Criminal Cartel Charges in September
The government accuses the banks of forming a criminal cartel to either “directly or indirectly” restrict the supply of ANZ shares or maintain the price of ANZ shares.
July 12, 2019 -
526Australia & NZASIC Review Finds Widespread Mis-selling of Consumer Credit Insurance
ASIC plans to take "significant enforcement action" against 11 lenders that inappropriately sold consumer credit insurance, and force remediation of over A$100m.
July 12, 2019 -
776Australia & NZ
ANZ Agrees to Settle 2010 Fees-Related Class Action for A$1.5m
Under the proposed settlement, which is subject to Federal Court approval, ANZ customers who were charged a fee for failing to make scheduled payments between two of their accounts will be able to claim refunds.
July 12, 2019 -
478Australia & NZAPRA Orders A$500m Capital Charge for ANZ, NAB, Westpac
The increase in capital requirements are to reflect weaknesses in operational risk management identified in the banks' self-assessments.
July 11, 2019 -
393Australia & NZAPRA Raises Capital Requirements for Big Banks
The big four banks will need to raise A$50bn to meet higher loss-absorbing capacity requirements by 2024, though the increase is less than was proposed last November.
July 10, 2019 -
2.0KAustralia & NZ“Most Banks” Support RBNZ Bank Capital Proposal
The submissions from the RBNZ consultation on raising bank capital requirements show the proposals have broad public support, including from "most banks".
July 3, 2019 -
989Australia & NZ
Culture is Being Approached from the ‘Wrong Angle’
The risk culture expert ASIC engaged to observe bank boardrooms says the approach of judging culture moralistically needs to shift to a more proactive approach that assesses risk.
June 21, 2019 -
303Australia & NZ
ANZ in Compliance With Fees-For-No-Service Enforceable Undertaking
ASIC is satisfied with ANZ’s compliance with a March 2018 court enforceable undertaking related to the bank's fees for no service issue.
June 17, 2019 -
1.1KContributed ArticleSingapore: Progressing the Culture and Conduct Risk Agenda
MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.
June 13, 2019
