All posts tagged "NAB"
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160Australia & NZFormer NAB Branch Manager Pleads Guilty to Fraud
The former branch manager has already received a permanent ban from ASIC for making false and misleading statements to NAB in relation to 24 home loan applications.
August 22, 2019 -
257Australia & NZASIC to Initiate Legal Proceedings Against Banks Within “Weeks”
In addition to the 13 referrals from the royal commission, ASIC has been investigating “three times as many” case studies with a view to initiating legal proceedings in the new few weeks.
August 21, 2019 -
403Australia & NZAPRA Orders Allianz to Raise Capital by A$250m
APRA wants to send a message to the insurance and super sectors that it expects the same high standards of risk management, including for non-financial risks, as it does for banks.
August 15, 2019 -
327Australia & NZCompensation for Poor Advice Reaches A$120bn: ASIC
NAB paid the most to compensate customers for failures by the largest number of advisers, and is expected to take the longest to complete its remediation programme.
August 2, 2019 -
388Australia & NZ
NAB Notifies 13,000 Customers of Data Breach
Australia's fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.
July 29, 2019 -
1.6KFeatureSWIFT 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 -
592Australia & NZ
ASIC 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 -
618Australia & 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 -
466Australia & NZ
APRA 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 -
2.1KAustralia & 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
