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AFR: Why we need a radical rethink on government red tape
21 February 2022

Ben Morton last week detailing to a regulation review conference a useful, common-sense list of hygiene-like reforms that constitutes the federal government’s now more pragmatic approach to deregulation.

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Weekly Update 18.02.2022: Unemployment steady at 4.2%
18 February 2022

Labor would revisit CSLR, ABA CEO Anna Bligh at Regulatory Reform Conference.

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Banking in the news
Singaporean Bank introduces account ‘kill switch’ for scam victims
18 February 2022

OCBC Bank customers will be able to immediately freeze all their bank accounts in case of an emergency, such as when they suspect they have been scammed.

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Banking in the news
RBA Payments System Board Meeting
17 February 2022

Payments system regulatory reforms.
The Government’s critical infrastructure reforms.
Research on central bank digital currencies (CBDC).
The implementation of the Board’s conclusions to the Review of Retail Payments Regulation.

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Banking in the news
APRA: Opening Statement Senate Economics Legislation Committee
17 February 2022

PRA’s Heatmaps supplement the Government’s annual performance test – introduced last year for MySuper products and expanding this year to trustee-directed products. Together, these measures are driving an acceleration in the actions many trustees are taking to improve outcomes for members – reduced fees, improvements to investment strategies, and the removal of weaker products, options and funds from the industry.   

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Call for Governments to commit to reforms to prevent elder abuse
14 February 2022

What we are calling for today is for federal and state Attorneys-General to commit to a timeline to deliver reforms that will ensure older Australians are protected from financial abuse”

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Data
RBA: Opening statement to Senate Economics Committee
11 February 2022

Governer Phil Lowe Chair Members of the Committee Good morning. My colleagues and I look forward to the day where we can return to in-person hearings. We hope that will be for the next hearing. I would like to focus my introductory remarks today on three issues: the economic recovery; the outlook for inflation; and… Read more »

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Banking in the news
WSJ: Apple Will Let Businesses Use iPhones to Take Customer Payments
10 February 2022

Apple announced the launch of a tap-to-pay feature that will allow companies and merchants to accept Apple Pay, contactless credit and debit cards, and other digital wallets using an iPhone without any additional hardware.

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Data
Analysis: SME Lending trending upward during COVID
8 February 2022

The value of new lending to small businesses is increasing, however the total amount lent (credit outstanding) is decreasing

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Event: International Women’s Day at the QVB
4 February 2022

Join WGEA Director Mary Wooldridge and Australia’s Sex Discrimination Commissioner Kate Jenkins for a sip of tea at the QVB.

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Banking in the news
Lack of clarity clouds the nation’s rule of law
3 February 2022

“if the goal is to stamp out misconduct, the clarity of ­corporate law might be just as ­important as its quantity.”

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RBA Statement: bond purchases to cease 10 February
1 February 2022

At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10 February.

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