All posts tagged "NAB"
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103Australia & NZASIC Sues ANZ Over Home Loan Introducer Programme
ASIC says ANZ breached credit laws by accepting customer information and documents from unlicensed individuals, some of which was fraudulent.
November 27, 2021 -
477Australia & NZACCC Approves NAB Acquisition of Citi Consumer Business
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction "would not substantially lessen competition".
November 26, 2021 -
205KoreaFSC Korea Orders Citi to Submit Detailed Plans on Market Exit
Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021 -
180Australia & NZACCC Accredits Westpac as Data Recipient Under CDR
ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.
October 11, 2021 -
228Australia & NZACCC Approves NAB as Accredited Data Recipient Under CDR
NAB is Australia's second big four bank to become an accredited data recipient under the CDR regime, which underpins open banking.
September 22, 2021 -
189Australia & NZAustralia Appoints Inaugural Members to FRAA
Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
September 15, 2021 -
273AML / KYC
NAB Examining Data on 9m Customers to Plug AML, KYC Gaps
Chief executive Ross McEwan outlined NAB's work to update KYC information for all its customers as part of efforts to meet its AML obligations.
September 14, 2021 -
281AML / KYCAUSTRAC Releases Banking Sector Risk Assessments
The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
September 8, 2021 -
206Australia & NZAustralian Banks to Complete First CVA Analysis by Year-End
APRA has released a new paper describing the Climate Vulnerability Assessment now underway at Australia's five largest banks.
September 6, 2021 -
113Australia & NZACCC Opens Competition Inquiry Into NAB-Citigroup Deal
The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.
August 31, 2021
