Australia
RBA sets out plan to make payments system ‘anti-fragile’
RBA sets out plan to make payments system ‘anti-fragile’
It has also warned that delays in encryption and contingency plans risk fraud and disruption.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
ANZ’s CRO Kevin Corbally to step down
He will serve as the Managing Director of Capital Management of the bank’s Institutional Division.
Australia extends relief on appointing deposit and insurance distributors
The exemption has been extended until 27 August 2030.
Stripe Capital to launch in Australia
Over 1 million users in the ANZ region now run on Stripe, the company said.
ANZ’s Markets MD Anshul Sidher departs from the bank
Michael Peric and Trevor Vail have been tasked to temporarily lead the markets business.
ANZ to lay off 3,500 staff, reduce services contractors engagement
It expects a restructuring charge of $560m before tax in H2 2025.
NAB names Kanishka Raja as CEO of Ubank
Raja has held leadership roles in Ubank for the past four years.
RACQ Bank insulated from parent group stress after insurance unit sale
There are also no intra-group deposits or loans between RACQ Bank and the RACQ Group.
Australia’s Westpac to hire 350 bankers by 2027: report
It aims to enhance business banking and expand its market share in regional Australia.
Societe Generale Securities fined $2.53m for 33 market gatekeeper failures
Each order was placed within the last two minutes before market close, ASIC said.
ASIC cancels credit licence of Easy Plan Financial Services
The CSLR had to pay $84,600 on behalf of Easy Plan.
NAB names Inder Singh as group CFO and group executive, strategy
He joins NAB in March of 2026, whilst Shaun Dooley returns to his group CRO role.
CBA names Belinda Allen as new head of Australian Economics
Allen is tasked with the bank’s Australian economic forecasts, amongst others.
NAB to require facial biometrics for new customers
Customers will be required to scan an identification document and face match.
ANZ prevented, recovered over A$100m in scam and fraud-related funds
Its customers' financial losses to scams fell by 15%, the bank said.
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