Super funds have had a modest start to 2021, but members should be ready for a “bumpy ride” ahead of vaccine distribution. January marked the tenth consecutive month of gains for super funds,
ABA takes aim at fresh faces Lachlan Maddock 03 February 2021
New players in the Australian financial landscape are ratcheting up the risk for some of its biggest institutions, according to the Australian Banking Association (ABA).
While banks are subject to a host of prudential and consumer regulations, many new entrants to the payments landscape – including buy now, pay later (BNPL) players like Afterpay – are not. The ABA believes that could endanger the whole system.
“The gaps have the potential to introduce new risk into the payments system or undermine the effectiveness of existing regulation, including consumer protection, and the detection and prevention of money laundering and financial crime,” the ABA said in a submission to Treasury on the matter.
New player enters vendor finance game realestatebusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realestatebusiness.com.au Daily Mail and Mail on Sunday newspapers.
The emerging insurance group has added new benefits to many of its coverage options following the appointment of new management late last year. In a statement, Integrity Life said it had added a new C
Despite being cleared of wrongdoing, ASIC chair James Shipton will leave the regulator permanently after helping to choose a successor. Mr Shipton has been cleared of wrongdoing in the ASIC expenses