Banking Newsletter - March 2011 

In this issue, we look into bank funding, new regulation affecting the industry and Australia’s appetite for debt portfolio purchases. Other issues include changes to credit card and impairment proposals. We discuss the implications and practical considerations.
New study puts Australian bank funding under the microscope
New study puts Australian bank funding under the microscope
Australian banks have found the liabilities side of their balance sheets under scrutiny. How banks fund lending is an important question after all.
US legislation threatens big increase in compliance burden for local banks
US legislation threatens increased compliance burden for local banks
The US Congress enacted the Foreign Account Tax Compliance Act (FATCA) designed to impede tax evasion by US nationals.
Financial crisis fallout strains banking risk IT systems
Financial crisis fallout strains banking risk IT systems
Banks are finding their existing systems will need to be significantly upgraded or replaced to meet new business and compliance obligations.
Positive credit reporting inches closer
Positive credit reporting inches closer
Australia is one of the few countries around the world which still operates under a negative credit reporting regime.
Increased secondary asset sales a precursor to debt portfolio sales?
Increased secondary asset sales a precursor to debt portfolio sales?
Australian institutions have been slower to embrace the growing appetite for debt portfolio purchases, however we anticipate increased activity.
Preparing for the unexpected
Preparing for the unexpected: Leading practice for Operational Risk scenarios
Scenario analysis allows senior management to consider systematically the risk of extreme but plausible events they have yet to experience.
National Consumer Credit Reform Stage 2 - Credit Cards
National Consumer Credit Reform Stage 2: Credit Cards
The ED will include credit cards, reverse mortgages and extending the national consumer credit scheme to include small business and investment loans.
Published supplement to Impairment Exposure Draft
Published supplement to Impairment Exposure Draft
Reacting to the global financial crisis, the IASB and FASB have been working towards creating a single set of high quality global financial standards.

Contact us

Contact KPMG to find out more about our services or industry experience.

Banking

KPMG’s banking practice in Australia is well placed to help clients successfully navigate challenging times and capitalise on opportunities.