Australian Prudential Regulation Authority

APRA introduces a new operational risk standard but says it still sees uncertainty in global markets and has no plans to follow the US Fed in letting banks lower capital

As the “TACO” trade calms markets, private debt demand is driving down funding costs for smaller lenders like MONEYME amid global volatility.

The major financial services regulators are becoming more vocal and taking more onerous action, citing increasing complacency on cultural and compliance issues.

Commonwealth Bank CEO Matt Comyn's success in building a strong team inevitably means they will be targeted by rivals, given only one can eventually become chief executive.

Politics keeps banks tied to branch networks, but consultants Kearney argue they could do far more to offset costs and boost mortgage sales.

The regulator is liaising with the Customer Owned Banking Association to get feedback from mutual banks on a new supervisory model that took the industry by surprise.

Despite decades of reform, banks still struggle with non-financial risk — weighed down by bureaucracy, diluted accountability and a culture of compliance over control.

APRA has removed dedicated prudential supervisors for smaller banks, despite acknowledging growing risks in the sector — instead relying on an inbox and supervisory panel.

Long-term bank investors seem untroubled by scandals in the industry, whether it be royal commissions, money laundering, management ructions or regulatory penalties.

The recent flurry of management changes at Australia's big banks feeds into the regulator's desire to have more oversight of board and executive appointments and succession planning.

If HSBC decides to sell its Australian retail business it would offer a high-quality, clean book — just not one to attract a big premium.

The Australian arm of UK neobank Revolut has been growing strongly. Now, the company is eyeing a local banking licence for its next evolution.

Deregulation in Trump's first term contributed to bank collapses. Will the new administration's zeal heighten financial sector risk? And what does his return mean for private credit and crypto?

Shareholders have delivered ANZ a major blow over its corporate governance with a strike against the bank's remuneration report and sizeable hits to executive remuneration.

Generative AI is becoming entrenched in financial services, but it remains far from transformational and banks are yet to see it drive revenue.