APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.
March 14, 2024The EPC's One-Leg-Out Instant Credit Transfer scheme enables payments to and from Europe to be processed 24 hours a day, seven days a week.
December 4, 2023Priority initiatives to make banking safer include a new confirmation of payee system and expanded intelligence sharing.
November 24, 2023ASIC says it will take strong, targeted enforcement action in relation to "member services failures in the super sector".
November 17, 2023The penalty was the maximum allowed by legislation that existed at the time of the contravening conduct. The court said a penalty "several times" higher would have been more appropriate.
September 23, 2023Ari Redbord and Angela Ang discuss recent developments which made the summer of 2023 a hot one for stablecoins.
September 18, 2023NAB will initially block “several” cryptocurrency exchanges that it has concerns with, but this could be expanded further in future.
July 19, 2023The move is one of 64 projects completed or underway across NAB to help address the "global scam epidemic".
July 10, 2023The consultation will "help ensure Australia continues to support responsible AI practices to increase community trust and confidence," the government said.
June 2, 2023Only 13 percent of scam payments made by customers were detected and stopped by the big four banks. Customers were "overwhelmingly" the bearer of scam losses.
April 20, 2023