All posts tagged "NAB"
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535Australia & NZNAB Chief Steps Down Amid Royal Commission Criticism
Commissioner Hayne said in his Final Report that NAB “stands apart” from the other major banks and questioned whether its senior leadership was capable of reforming the bank’s culture.
February 8, 2019 -
6271Australia & NZ
NAB to Migrate Core Banking Systems to Cloud
National Australia Bank plans to migrate more than 300 applications, including some core banking systems, to a public cloud by the end of 2019.
December 12, 2018 -
845Australia & NZAustralia’s Banking Oligopoly Lacks Mortgage Price Transparency – ACCC
An inquiry by Australia's competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.
December 11, 2018 -
475Australia & NZAustralia’s Public Prosecutor Gets A$50mn to Go After Banking Misconduct
Australia to provide approximately A$50 million for public prosecutions and federal court to expand staff and capacity to litigate banking and financial institution misconduct cases.
November 19, 2018 -
700Australia & NZAustralian Court Orders A$3.3mn Penalty for Westpac BBSW Misconduct
The penalty is far less than the combined A$125mn that NAB, ANZ and CBA paid to settle their own BBSW cases with ASIC out of court.
November 12, 2018 -
447Australia & NZAPRA Proposes Higher Capital Requirements for Big Four Banks
The banking regulator is seeking feedback on a proposal to increase the Total Capital requirement for Australia's D-SIBs by 4-5% of risk-weighted assets by 2023.
November 9, 2018 -
334Australia & NZASIC to Begin Embedding Staff within Banks Starting with CBA
ASIC officials will begin working at CBA starting from next week and will go in and out of other institutions, focusing on institutional behaviour and decision making.
October 26, 2018 -
288Australia & NZ
ASIC Permanently Bans Another Former NAB Branch Manager
The branch manager knowingly provided false or misleading information and documentation in loan applications and falsely attributed them to a relative for introducer commissions.
October 9, 2018 -
504Australia & NZStrategy, Management, Governance: Lessons from the Hayne Interim Report
Institutions, regulators and policymakers across Asia Pacific should take heed of the lessons of Australia's Royal Commission if they are to avoid similar problems, says Matthew Chan.
October 9, 2018 -
418Australia & NZAustralian Financial Sector Condemned in Royal Commission Interim Report
The report says financial institutions have had free reign to pursue their own interests at the expense of customers and regulators have been ineffective in policing their behaviour.
October 1, 2018
