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11 July 2019 • By Eliot Hastie • 1 min read

ASIC beneficiary of data retention regime

ASIC has revealed how it has benefited from the controversial data retention regime when investigating white-collar crime.  In a submission to the ...

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Poor culture costs major banks $500 million

The culture at three of Australia’s biggest banks will cost them $500 million each after APRA has advised it will increase their minimum capital ...

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Grattan Institute releases ‘deeply flawed’ super analysis

New research from the Grattan Institute has found that lifting compulsory superannuation contributions would make middle Australians poorer, but ...

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APRA increases loss-absorbing capacity requirements

The regulator has announced its plan to increase the loss-absorbing capacity requirements for ADIs by requiring banks to lift total capital by 3 ...

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Aus ETFs projected to hit $100bn

ETF assets in Australia have been forecast to reach $100 billion by 2022 in a new Stockspot report, which would double the sector’s size during the ...

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Next recession will be triggered by political error

Another recession is not currently on the cards for the global market. But when it comes, it will be caused by a political error, according to one ...

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Industry funds top consumer preference

Industry superannuation funds have managed to increase their lead in customer satisfaction over retail funds in the last 12 months, according to new ...

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Westpac to refund 40,000 mortgage customers

The number of Westpac mortgage customers impacted by an error in 2017 has blown out to 40,000 customers despite initial estimates of less than half ...

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ASIC to combat short-term credit

ASIC has announced that the first use of its new product intervention power will be to address consumer detriment in the short-term credit industry

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APAC banks to face existential choice

A new report has found that banks in the APAC region are set to face an existential choice in order to stay competitive. The latest Asia-Pacific ...

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