UBS's Jonathan Mott sees $1.2b in bank bad debt provisions

James Eyers Jonathan Mott from UBS is pointing to a "substantial" increase in provisions and "material rise" in charges for bad debts at the upcoming big bank earnings season.

Banks and fintechs at war over password sharing

James Eyers Fintech start-up Acorns says banks are retarding its rate of growth by telling customers they can't share account passwords.

APRA pushes bank boards to define, improve risk culture

James Eyers APRA's CPS 220 requires boards to form a view of the bank's risk culture and to identify any changes to it that could improve behaviour. CBA is preparing its response.

ASIC talking to Singapore on fintech deal

James Eyers ASIC and its Singapore counterpart are in talks about a fintech co-operation agreement.

Open software the way of future: Westpac

Ruth Liew and James Eyers Open software and sharing of customer data will be natural evolutions in the banking industry, according to Westpac Banking Corp's technology chief.

Facebook wants to partner with Aussie banks on mobile strategy

Ruth Liew and James Eyers Social media behemoth Facebook is looking to partner with Australian banks to explore opportunities in mobile banking.

Basel's Bill Coen says bank strength extends beyond capital buffers

James Eyers and Joanne Gray After making banks around the world take on billions in extra capital, global banking regulator Bill Coen's next front will be governance standards, risk management and computer systems.

Australia's banks are 'too big to get sick': APRA

Sally Rose and James Eyers Big national bet on China means our "brittle" economy needs insurance, says regulator.

CBA's Adam Bennett says innovation is more than start-ups and technology

James Eyers Not all innovation is about technology, fintech start-ups and new-to-world products, says the head of business banking at Commonwealth Bank of Australia, Adam Bennett.

ACCC warns 'cosy' banks it is concerned about competition

James Eyers The chairman of the competition regulator ACCC has cited alleged manipulation of a key benchmark interest rate as evidence that banking competition is not intense enough. 

ASX will be a global blockchain pioneer: Blythe Masters

James Eyers Blythe Masters is confident that Australia will build one of the world's first distributed ledgers of scale, which will slash billions from bank costs.

New financial product laws could increase red tape, says industry

James Eyers Federal Treasury is investigating how banks and wealth managers create and sell financial products, before it designs new laws that will require issuers and distributors to ensure products are...

O'Dwyer backs ASIC action on bank culture

James Eyers The federal government backs moves by ASIC to take breaches of financial services culture to the courts.

Productivity Commission to probe access to data

James Eyers The Productivity Commission will examine the availability and use of big data. 

Banks tighten the screws on home loans: APRA

James Eyers It's getting tougher for investors to get approved for finance.

Treasurer Scott Morrison tells big regulators to prepare for new fintech rules

James Eyers Australia's top financial regulators have been told by Treasurer Scott Morrison to prepare for a new system to regulate financial technology start-ups.

A quarter of bank revenue may be lost to disrupters: PwC

James Eyers Banks worldwide are bracing for the loss of almost a quarter of their revenue to financial technology disrupters.

Rate rigging case a 'credit negative' for ANZ, says Moody's

James Eyers and Jonathan Shapiro The corporate regulator's case against ANZ over interest rate rigging was a "credit negative" for the bank, Moody's said.

ANZ could face class action over alleged interest rate rigging

Clancy Yeates and James Eyers ANZ Bank could face a class action over allegations it rigged one of the most important interest rates in the financial system.

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