The CVA results suggest that climate risk impacts and bank loan losses are likely to be concentrated in specific regions and industries.
December 1, 2022CBA’s terms and conditions acknowledged that sometimes the bank ‘can get things wrong, and when this happens’ it is ‘determined to make them right again'.
December 1, 2022NAB is the only Australian big four bank still providing custody services in Australia. Its asset servicing business is now set to be closed in 2025.
November 20, 2022ASX will write off about A$250mn in capitalised software, in response to an independent review by Accenture. ASIC and the RBA express disappointment.
November 17, 2022CommSec and AUSIEX demonstrated "widespread, systemic compliance failures" over a nine-year period, said ASIC deputy chair Sarah Court.
October 28, 2022The Federal Court ruled that ASIC failed to establish that CBA received conflicted remuneration when distributing Colonial First State's superannuation product.
October 3, 2022The A$1bn capital add-on imposed on CBA in May 2018 was halved in November 2020, and has now been completely removed.
October 3, 2022The guidelines will help to standardise banks' practices for valuing financial instruments and improve the comparability of reported financial indicators.
August 16, 2022Australia may see a shift away from BBSW to AONIA for products like cross-currency swaps and multi-currency lending facilities, says CBA's Pieter Bierkens.
August 2, 2022Westpac customers who use dynamic CVV have seen an 80 percent reduction in fraud compared to those who don't.
July 14, 2022