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Australian Regulatory Compliance Review
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The new UK government has moved with the French and German governments to impose a levy on large banks and building societies.
According to the BBC, British banks and building societies with assets of 20 billion pounds or more will pay a levy of 0.04% starting from 1 January 2011. The levy will increase to to 0.07% in 2012.
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Deposit cheques at an ATM? That’s cool. And Bank of America has an ATM that does it (click here and select the video tab for a video on their Deposit Image ATM)
Putting aside technology and risk issues, I’d say that’s a true customer-focussed innovation rather than just another finance product.
How do you come up with great ideas?
Simon Sinek says business and not-for-profit leaders are usually most interesting when they start a conversation about why they exist and what motivates them, rather than what they want you to do or sell you.
In a thought-provoking video (click here) Simon Sinek explains his Golden Rule and why people don’t buy what you do, but why you do it.
Mutuals have a terrific story to tell.
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The Parliamentary Library has published a helpful Bills Digest of the Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010.
The Digest reviews APRA’s current powers and proposed changes.
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APRA has issued its first Annual Friendly Society Bulletin, a new annual statistical publication on friendly societies, with figures for the year to 30 June 2009.
The publication provides aggregate annual data on financial performance, financial position, solvency and capital adequacy, as well as information on the performance of individual friendly societies.
The number of friendly societies has reduced since 30 June 2009.
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