The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.
June 30, 2022The Australian Sustainable Finance Institute is seeking proposals from consultants who can work with it on the first phase of its taxonomy project.
May 30, 2022The RBA is seeking assurances on the timely implementation of new NPP services, and asking banks to improve the reliability of the NPP services they already provide.
May 5, 2022NAB's action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.
May 4, 2022Under the framework, 11 large financial firms will be required to report internal dispute resolution data to ASIC for the first time by 28 February 2023.
April 1, 2022As at end-2021, Australia's major banks have paid or offered a total A$3.15 billion in compensation as a result of fees-for-no-service misconduct and non-compliant advice.
February 17, 2022The acquisition, expected to close in mid-2023, will make DBS the largest foreign bank in Taiwan by assets.
January 31, 2022The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
January 17, 2022The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.
December 13, 2021ASIC says ANZ breached credit laws by accepting customer information and documents from unlicensed individuals, some of which was fraudulent.
November 27, 2021