James Eyers

It’s been a turbulent couple of years for the crypto exchange, including jail time for its founder, but the chief executive says compliance is improving.

Tokenised securities are being embraced by market players from Nasdaq to Westpac and will allow share trades to settle within minutes, not days.

Westpac made the move ahead of the House of Representatives economics committee’s interrogation of major bank CEOs on Tuesday and Wednesday.

Commonwealth Bank says hundreds of millions of dollars in extra revenue will flow to Amex under the RBA’s proposed payment plans.

The market operator said it would support a requirement that investors get a vote on any takeover of a company raising more than 25 per cent of its capital.

The latest hires for the bank’s chief executive include senior managers specialising in data and artificial intelligence, as well as in commodities trading.

The UK’s Flood Re scheme, which helped four-out-of-five homes with previous flood claims reduce the cost of premiums by more than 50 per cent, is on the radar.

A group of more than 100 shareholders plans to file an annual meeting resolution calling on the lender to implement a strategy to stop financing land clearing.

The migration of Commonwealth Bank’s retail, business and institutional systems is an Australian first and one of the biggest moves to the cloud by any bank globally.

A proposal to exempt smaller banks from the data sharing regime would ease their cost burden, but critics say it would be a backward step for customer choice.