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ACCC flags tougher enforcement on ‘open banking’
A report on the implementation of the consumer data right has called for banks to resolve “outstanding data quality incidents as a priority”.
- James Eyers
Block’s under fire Cash App will still come to Australia
The Afterpay owner said comments made by CFO Amrita Ahuja that Cash App would arrive in Australia hold true as it defends against a short seller attack.
- James Eyers
ANZ getting calls from Asian depositors
With Credit Suisse’s private bank closing and SVB’s collapse, there are plenty of deposits looking for a home in Asia.
- Ayesha de Kretser
The three rules that made Australia’s banks the strongest in the world
Lenders are on edge as the market searches for weak spots after the collapse of Silicon Valley Bank. But Australian banks have taken their medicine.
- James Eyers
- Opinion
- Chanticleer
Why ‘uneconomic’ mortgages are forcing a rethink at the big banks
Competition has pushed returns on mortgages for the big banks below their cost of capital. Senior bankers face some tough strategic choices.
- James Thomson
March
BNPL providers promise to strengthen code of conduct
A review commissioned by the sector and undertaken by ex-ASIC deputy chairman Peter Kell found the current arrangements were too vague.
- James Eyers
- Opinion
- Letters to the Editor
Letters: Let’s not overrate our banks
Australian banks’ safety – and customer service; tax policy; gas projects and emissions rules; environmental repair; unfair to Downer; Tasmanian devils; Liberal Party.
Why the banking crisis is bigger than just banks
This week in The Fin podcast, senior reporter Jonathan Shapiro on how the latest financial crisis spread across the globe, what Australian banks and regulators are doing about it and where the next fire might start.
- Updated
- Big four
ANZ’s $6b issues show Australia’s appeal
ANZ has issued €1.5 billion ($2 billion) in bonds to European investors, taking to more than $6 billion raised in two days and demonstrating the attractiveness of Australia’s major banks.
- Updated
- Jonathan Shapiro, Ayesha de Kretser and James Eyers
- Opinion
- The AFR View
Be reassured, Australia’s banking system is rock solid
Whatever might be happening in the world, bankers, bank regulators and a minister told Tuesday’s Banking Summit that there is little risk of contagion here.
- The AFR View
- Opinion
- Opinion
It’s rich for banks to complain about scams and finfluencers
The exit of the big banks from wealth management opened a gap for criminals and opportunists to exploit, so the banks bear special responsibility to fix it.
- Aleks Vickovich
RBA payments boss ‘disappointed’ in banks’ missed deadline
Banks have failed to allow online sellers to choose a cheaper payments network, the RBA said.
- Jessica Sier and James Eyers
- Analysis
- Analysis
The dark side of Australian banking exceptionalism
Making too-big-to-fail banks even bigger might not be solution the global banking system needs or wants.
- Jonathan Shapiro
- Opinion
- Chanticleer
Banks underpin fortress Australia
Australian banks have world-leading capital strength and that allows them to compete more vigorously for customers. They can survive an economic crisis.
- Updated
- Tony Boyd
- Opinion
- Chanticleer
Banks shrug off global crisis and go to war instead
The banking sector says it’s well-placed to withstand global turmoil. But in two key sectors of the market, loans are being written below the cost of capital.
- Updated
- James Thomson
Not holding real ID can stop banks from being next Latitude: Westpac
Westpac fraud head Ben Young tells the AFR Banking Summit banks prefer to hold tokenised ID data instead; Tim Lawless says rental market vacancy rate could fall below 1 per cent. How the day unfolded.
- Updated
- Lois Maskiell and Campbell Kwan
ACCC digs in on deposits inquiry despite global bank uncertainty
The competition regulator’s chairwoman, Gina Cass-Gottlieb, says the review will look at the “frictions and impediments” to savers easily switching products.
- Patrick Durkin
Australian banks are uniquely strong, says Matt Comyn
This is an edited and abridged transcript of a discussion between Commonwealth Bank CEO Matt Comyn and AFR Chanticleer columnist James Thomson.
- Updated
- Opinion
- Superannuation
Could we ever see a run on a super fund?
Super funds that continue to inflate the value of unlisted assets risk losing members determined to protect their retirement savings.
- Karen Maley
Merger law needs early look power, ACCC boss says
Gina Cass-Gottlieb wants more time for the competition regulator to scrutinise big M&A deals.
- John Kehoe
APRA monitoring key prudential metrics very closely
John Lonsdale spoke to The Australian Financial Review’s James Eyers on banking and regulation at Tuesday’s AFR Banking Summit. This is an edited and abridged transcript of that conversation.
The three key sectors on CBA’s watch list
There were some pockets of weakness or potential weakness in the economy, according to the bank’s chief executive Matt Comyn.
- Sally Patten
- Opinion
- Opinion
Bond maturity mismatch shows why near zero rates a serious error
In time, we may come to wonder why the chief architect of the policy that has created the painful imbalances in bank balance sheets – Ben Bernanke – won the Nobel Prize.
- Stephen Grenville
Banks, regulator in show of strength after global turmoil
The prudential regulator says Australia’s banks have the strength to withstand an economic catastrophe, as senior bankers said they had secured enough funding to wait out any prolonged financial crisis.
- Jonathan Shapiro, James Eyers and Ayesha de Kretser
Bligh warns against levy increase on big banks
Small banks, as well as some economists, have urged the government to raise the annual charge on major banks’ liabilities to help the budget bottom line.
- Michael Read
