Priority 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, 2023ASIC said Westpac's deficient process resulted in 229 customers not receiving a response to their hardship notice within the required 21 days.
September 5, 2023The climate stress test scenario is titled 'Too Little, Too Late' because of the lengthy delay in enacting meaningful global climate policies.
August 15, 2023The ACCC said a merger between Bendigo and Adelaide Bank and Suncorp would be a better outcome.
August 7, 2023Westpac and CBA used a CBDC to execute trades with certificates of deposit. Imperium Markets hosted the trades on its marketplace.
July 26, 2023AUSTRAC discourages the "indiscriminate and widespread closure of accounts across entire industries".
June 28, 2023New Zealand’s Commerce Commission will conduct its first-ever study to assess competition in personal banking services.
June 23, 2023Digital currency exchanges have to meet additional requirements to continue using services on Cuscal's platform.
June 22, 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