Archived News for Finance Sector Professionals
Mr Sarv Girn has been appointed to the position of Chief Information Officer of the Reserve Bank of Australia. The appointment is effective from 3 September.
Mr Girn has most recently been an Executive Consultant to the Chief Information Officer at Qantas and has previously held executive IT positions at both Westpac and the Commonwealth Bank. He holds a Bachelor of Computer Science (Hons) degree from the University of London and his career in the financial services industry in Australia, the UK and Asia spans 25 years.
The role of CIO within the Reserve Bank will provide leadership in transforming and developing the core IT functions that support the Reserve Bank’s policy, operational and corporate objectives.
Westpac to trial mobile payment
Westpac bank has announced the launch of a new pilot app for wireless payment systems in collaboration with MasterCard.
Ching to steer AMP's Asia efforts
AMP Capital has announced the appointment of Kerry Ching as the company’s new Managing Director Asia.
Cornyn named Commonwealth's new retail boss
The Commonwealth Bank has announced the appointment of Matt Cornyn as the company’s new Group Executive, Retail Banking Services.
Government launches financial literacy teaching resource
The Federal Government has launched its new MoneySmart Teaching Primary Package, aimed at helping young Australian students become more confident, informed and responsible financial consumers.
Home lending on the rebound
The Australian Bureau of Statistics (ABS) has published its June figures of housing finance, finding an overall 2.4 per cent upswing over the May to June period.
Lost receipts costing us billions
The Commonwealth Bank has found that the average taxpayer is losing as much as $1,000 dollars because of lost receipts, equating to a total of $7.3 billion nationwide.
RBA keeps rates unchanged
The Reserve Bank of Australia (RBA) has left the country’s official cash rate unchanged at 3.5 per cent, citing softening global growth rates and contracting commodity prices.
Cairns to host G20 finance ministers
The Federal Government has announced Cairns as the host city for the G20 Finance Ministers’ and Central Bank Governors’ meeting in 2014.
Ageing population prompts call for super preservation debate
With the majority of Australians expected to outlive their superannuation savings, the Financial Services Council (FSC) has opened the debate on increasing the preservation age for superannuation.
FSC annual awards announced
More information is here.
IBSA seeks new directors
Innovation & Business Skills Australia (IBSA), one of eleven Industry Skills Councils authorized by the Australian Government to provide a voice on vocational education and training issues, is seeking to appoint new board directors.
Discussion paper canvasses new approach to fixed trusts
The Federal Government has released a discussion paper inviting views on options for a more workable approach for fixed trusts.
Super fees fall five per cent
Superannuation fees have continued to fall according to the latest Financial Services - Rice Warner Actuaries Superannuation Fees report which shows a clear downward trend since the study commenced in 2002.
Study to investigate options for workers with depleted super
A new study at the University of South Australia will investigate flexible working options to assist workers who are reaching retirement age with depleted superannuation funds.
Bankers warn on US-style lending policies
The Australian Bankers’ Association (ABA) has warned the Australian Government against adopting American ideas which resulted in poor lending decisions which triggered the global financial crisis (GFC).
FSC pushes for resolution of FATCA issues
Financial Services Council (FSC) CEO, John Brogden, has recently visited Washington DC to continue discussions with senior US Treasury and IRS officials, relevant members of Congress and congressional representatives on the Foreign Account Tax Compliance Act (FATCA) regime.
FSU to meet on AustralianSuper enterprise agreement
The Finance Sector Union will hold meetings around Australia next Monday to discuss the proposed new AustralianSuper enterprise agreement.
Macquarie Securities struggles in weak global market
Macquarie Group has announced a slight lift in performance for the first quarter of the 2013 financial year compared with the same period last year due to a stronger performance by Fixed Income, Currencies and Commodities (FICC).
ASIC consults on retail trading of Commonwealth Government Securities
ASIC has released Consultation Paper 181 Retail trading in Commonwealth Government Securities (CP 181) focused on the Australian Government’s decision to facilitate retail trading of Commonwealth Government Securities (CGS) as part of fostering a deep and liquid corporate bond market.