Australian mobile only bank Xinja secures banking licence

Australian neobank Xinja has obtained a banking licence from the Australian Prudential Regulation Authority (APRA) to foray into the country’s…

Australian regulator to enhance regulation of non-financial risks

The Australian Prudential Regulation Authority (APRA), the country’s financial regulator, is planning to step up regulation of non-financial risks such as…

Australian regulator plans to increase capital requirements for banks

The Australian Prudential Regulation Authority (APRA), the national regulator of financial services, has proposed to increase capital buffer requirements for…

CBA agrees to execute all recommendations of APRA’s Prudential Inquiry report

Commonwealth Bank of Australia (CBA) has agreed to implement all the recommendations made by Prudential Inquiry, which was made public…

APRA launches inquiry into CBA’s governance

The Australian Prudential Regulation Authority (APRA) has launched an inquiry into Commonwealth Bank of Australia (CBA) after the latter was…