Tag: Australian Banking Association

‘Extraordinary’: Scams bill rammed through Senate

Posted on   |  by Joseph Brookes
Banks, telcos and online platforms like Google and Facebook will be subject to new rules and $50 million penalties after federal Parliament passed world-first anti-scam laws on Thursday. But...

Government bows to pressure on digital ID hosting

Posted on   |  by Justin Hendry
The federal government has bowed to pressure from the technology and banking lobbies and scrubbed rules that would prevent data from the nation’s digital identity scheme being hosted outside...

CDR architect says hold the course as banks blast scheme

Posted on   |  by Joseph Brookes
The architect of Australia’s consumer data right is calling for patience with the four-year-old scheme and teased additional future benefits after banks on Wednesday warned almost no one was...

Regulation finally coming for crypto exchanges

Posted on   |  by Joseph Brookes
Crypto exchanges and other digital asset platforms will be subject to existing Australian financial services laws, requiring them to provide efficient, honest and fair services while managing conflicts of...

Banks warn $15bn NRF could ‘crowd out’ private investment

Posted on   |  by Joseph Brookes
Australia’s big banks are warning the Albanese government’s $15 billion industrialisation fund could “crowd out” private capital despite the green bank it is modelled on having spurred co-investments for...

Australia’s open banking journey

Posted on   |  by James Riley
Australia has begun its trek towards an open banking regime but has a lot to learn from the UK, which is much further down the open banking track. A...