Daily Dispatches: CBA's dinner date with Storm

CBA staff who had to form a business relationship with Storm Financial were wined and dined at the lavish Townsville home of company founders Emmanuel and Julie Cassimatis. Julie Cassimatis yesterday told a Federal Court hearing in Brisbane that the bank had close knowledge of Storm's controversial financial model. (The Australian)

A senior regulator has said the Australian Prudential Regulation Authority's response to the global financial crisis will be "modest", hosing down widespread fears in the banking and insurance industries of a brace of new laws. (The Australian)

Shareholders would have a greater say on executive pay, but the buck would still stop with company boards under proposed reforms put forward by the Productivity Commission. (Sydney Morning Herald)