New laws to combat money laundering and terrorist financing in Australia will place a big burden on banks and taxpayers as well as compromise personal privacy, warns Michael Imeson.
Asia-Pacific
Latest articles from Australia
Identity Fraud Round Table
January 9, 2007“Phishing” attacks and improvements in ID fraud prevention were the two key topics discussed at The Banker’s Identity Fraud Round Table in London on 5 December, chaired by Contributing Editor Michael Imeson.
Jacqueline Guichelaar
December 4, 2006Jacqueline Guichelaar, general manager, technology operations, National Australia Group, tells Dan Barnes of the importance of marrying technology and business decision making.
Leader of the legion
December 4, 2006Macquarie’s aggressive global acquisition trail is being followed by other Australian niche specialists. However, there are concerns about risk management practices, Virginia Marsh reports from Sydney.
Community service
August 7, 2006National Australia Bank has revamped its UK holdings, Clydesdale and Yorkshire banks, as local financial centres with an in-house manager style reminiscent of the 1970s. Stephen Timewell reports.
Macquarie makes a comeback
May 2, 2005
After a dip in fortunes, Macquarie Bank is celebrating its first anniversary of buying part of ING with bumper profits and a rebound in its share price. Virginia Marsh reports from Sydney.
After a difficult period, Macquarie Bank, Australia’s only substantial independent investment bank, has silenced its critics with one of its best years ever.
In the past 12 months, the Sydney-based bank’s share price has rocketed, hitting record levels above A$50 ($38.6).
Risk aversion continues to rule in Australia
November 4, 2004Prime Minister John Howard’s re-election is a reflection of the conservatism that pervades the country and its banking sector, says Stephen Timewell in Melbourne.
Australia slashes credit card interchange fees
November 3, 2003Interchange fees for credit card transactions in Australia are to be virtually halved following tough action by the Reserve Bank of Australia (central bank) and the failure of an appeal by Visa, MasterCard and BankCard in the federal court.
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