All posts tagged "CBA"
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737FeatureSWIFT 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 -
522Australia & 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 -
463Australia & 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 -
389Australia & 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 -
985Australia & 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 -
1.3KEuropeSingapore, UK to Enhance Cooperation on Cyber Security
Authorities in Singapore and the UK have agreed to enhance cooperation in cyber security, data connectivity, talent development and green finance.
June 14, 2019 -
841Australia & NZ
APRA Warns of Capital Charges for FIs with Poor Culture
APRA says it may apply additional capital requirements to regulated institutions with material weaknesses in their governance and management of non-financial risks.
May 24, 2019 -
1.6KAustralia & NZAustralia: Banking Misconduct Drives Search for RegTech Remedies
Australia may emerge as a world-leader in RegTech adoption as a remedy to banking culture and misconduct issues, say Jeff Kupfer and Stephen Scott at Starling Trust.
May 8, 2019 -
485Australia & NZ
APRA Adopts New, Tougher Enforcement Approach
Under the new enforcement approach, APRA will be more willing to use its full range of powers to deter bad practices and hold entities and individuals to account.
April 17, 2019
