All posts tagged "NAB"
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776Australia & NZAPRA Warns of Capital Charges for FIs with Poor Culture
APRA says it may apply additional capital requirements to regulated institutions with material weaknesses in their governance and management of non-financial risks.
May 24, 2019 -
1.3KAustralia & NZTechnology Driven Changes Afoot in the Australian Banking Sector
Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
May 7, 2019 -
335UncategorisedWestpacs Provision Extra A$510mn for Customer Remediation
Misconduct linked to the issues identified by the royal commission could cost Australia’s four largest banks up to A$10bn.
May 2, 2019 -
343Australia & NZNAB Provisions Extra A$750mn for Customer Refunds
The additional provisions reflect expected payouts for NAB's employed advisers, and the costs to review advice provided by its self-employed adviser network.
April 19, 2019 -
1.1KAustralia & NZAustralian Financial Sector Teams Up on Climate Initiative – Report
Overseen by APRA, a group of industry players – including the big four banks – are looking to reshape the financial system to ensure readiness for climate risks.
March 30, 2019 -
613Australia & NZ
Australian Banks Taking Too Long to Fix ‘Fees-For-No-Service’ Failings – ASIC
Delays attributed to poor record-keeping and systems, failures to implement methodologies to identify and compensate customers, and an overly legalistic approach at some institutions.
March 12, 2019 -
644Australia & NZ
NAB 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 -
9101Australia & 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 -
941Australia & 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 -
569Australia & 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
