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Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke...

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Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke...
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Banking and Finance News | bankingandfinances.wordpress.com Reviews

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Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke...

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Swan pushes ahead on covered bonds | Banking and Finance News

https://bankingandfinances.wordpress.com/2011/03/31/swan-pushes-ahead-on-covered-bonds

Banking and Finance News. Swan pushes ahead on covered bonds. THE federal government published draft legislation today that could allow domestic banks to issue covered bonds and help to diversify their funding base and bring down borrowing costs. Under the draft, banks will be limited to holding 8 per cent of their total assets in the covered bonds. They say this type of debt would let them diversify their funding sources, lengthen their average debt maturity in line with regulatory rules, and increase l...

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Reform the deposit tax, says NAB | Banking and Finance News

https://bankingandfinances.wordpress.com/2011/03/31/reform-the-deposit-tax-says-nab

Banking and Finance News. Reform the deposit tax, says NAB. THE tax treatment of deposits should be reformed to help wean Australia's banks off overseas funding, National Australia Bank finance executive director Mark Joiner said today. 8220;Increasing use of offshore markets makes us vulnerable to shocks and is progressively increasing our cost of funds … and so customer interest rates,” Mr Joiner told a business lunch in Melbourne. Laquo; Murray given 12 months at Future Fund. Date : March 31, 2011.

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Ireland close to nationalising banks | Banking and Finance News

https://bankingandfinances.wordpress.com/2011/03/31/ireland-close-to-nationalising-banks

Banking and Finance News. Ireland close to nationalising banks. THE Irish government is poised to reveal moves to effectively nationalise its crippled financial system. Dublin will outline plans for a “credible banking structure” tonight when it publishes the results of stress tests that are expected to signal the effective nationalisation of the entire financial system. Finance minister Michael Noonan is due to address parliament after the results of the tests are announced. Local reports have said this...

4

NAB calls for deposit tax relief | Banking and Finance News

https://bankingandfinances.wordpress.com/2011/03/31/nab-calls-for-deposit-tax-relief

Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke...

5

Murray given 12 months at Future Fund | Banking and Finance News

https://bankingandfinances.wordpress.com/2011/03/31/murray-given-12-months-at-future-fund

Banking and Finance News. Murray given 12 months at Future Fund. DAVID Murray has been effectively put on notice as chairman of the Future Fund, having been re-appointed for just 12 months today. Under normal circumstances, the appointment would have been for a five-year term. The official statement is likely to say Mr Murray had asked for the shortened term, but this will be treated with some scepticism. Still, he gets to stay until the new chief executive is appointed and will handle the transition.

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Banking and Finance News

Banking and Finance News. NAB calls for deposit tax relief. Tax concessions on deposits should be a key priority for the October tax forum if the banking system is to address its chronic over-reliance on offshore wholesale funding, according to National Australia Bank finance director Mark Joiner. Mr Joiner also warned of extra costs as a result of global capital and liquidity reforms to cut the risk of another financial crisis. Mr Joiner said Canadian banks now had cheaper access to global funding marke...

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