1. RMBS issue for NZF - NZF Group, half owner of Mike Pero Mortgage Holdings, has launched NZ$100 million of Residential Mortgage Backed Securities (RMBS). It's NZF's first RMBS issue and the first in New Zealand since late 2007. Westpac Institutional Bank is arranging the deal and is the lead manager.
2. Versalko ordered to repay NZ$14 million - Stephen Versalko, an ASB investment adviser jailed for six years on fraud charges after stealing NZ$17.8 million from the bank's customers, has been ordered to pay back NZ$14 million. Fairfax's Michael Field reports ASB successfully sought judgment at the High Court in Auckland.
3. ANZ's Facebook related probe - The ANZ has launched an internal investigation into allegations staff in Melbourne created a fake Facebook profile to gather information on customers with bad credit who have changed address without informing the bank, Fairfax Australia reports.
4. BNZ's Bayliss on the move - Ian Rogers' Banking Day reports that BNZ's retail director Chris Bayliss will shift to parent National Australia Bank to become executive manager of NAB's retail arm. He previously worked for NAB's Clydesdale Bank in Britain from 1995 before moving to BNZ in 2007.
5. Not popular - NAB, meanwhile, has been ranked last among Australia's major banks in a survey of business customer satisfaction, the Australian reports. The survey by Melbourne consultancy DBM, found businesses were most satisfied with Commonwealth Bank of Australia and ANZ, despite NAB's position as Australia's largest business bank.
6. New roles for shareholder activisits Botherway & Sheppard - Commerce Minister Simon Power has named Fisher & Paykel Appliances director and former Brook Asset Management executive chairman Simon Botherway to chair the Establishment Board of the new market conduct regulator, the Financial Markets Authority (FMA). Botherway will be joined on the board by Shareholders' Association chairman Bruce Sheppard, NZX chairman Andrew Harmos, lawyers Shelley Cave and Frank McLauhglin, former Commerce Commission chairwoman Paula Rebstock, Registrar of Companies Neville Harris, Westpac general counsel Mariette van Ryn and First NZ Capital CEO Scott St John.
The Establishment Board will govern the operational establishment of the FMA, which will consolidate the powers and functions of the Securities Commission, some from the Registrar of Companies and the Government Actuary and some of NZX's regulatory roles.
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