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Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).

Subscription content please login to view - Comerford says value of LMI must be supported Comerford says value of LMI must be supported
31 July 2014 6:52am
The Financial System Inquiry should not baulk at a proposal to reduce risk weights for insured loans because of concerns it might have an impact on competition, the head of the country's leading mortgage insurer has argued. » read more »
Subscription content please login to view - Wikileaks disclosure right on target Wikileaks disclosure right on target
31 July 2014 6:51am
A disclosure by Wikileaks yesterday shed more light on the progress of a controversial and continuing court case in Australia, one with a strong banking theme. » read more »
Subscription content please login to view - Banks 'match fund' fixed rate loans Banks 'match fund' fixed rate loans
31 July 2014 6:47am
"Do banks match fund fixed rate products to term?" one reader asked yesterday, querying one theme of our commentaries on fixed rates this week. For a response we asked Graham Hand, editor of Cuffelinks and a former bank treasury supremo at CBA, Colonial and State Bank. » read more »
Subscription content please login to view - Regional banks have more advocates than the big four Regional banks have more advocates than the big four
31 July 2014 6:46am
Bendigo Bank customers are the most inclined to recommend their bank to friends and colleagues, a Roy Morgan Research survey has found. » read more »
Subscription content please login to view - Disruptive model means Google Bank 'won't happen' Disruptive model means Google Bank 'won't happen'
31 July 2014 6:45am
An analyst at Forrester with with expertise in the European consumer financial services sector, has published a report titled: "Why Google Bank won't happen, but a Google-powered financial services hub might". » read more »
Subscription content please login to view - Briefs: New risk chief at ME Bank, outlook 'stable' for NZ banks Briefs: New risk chief at ME Bank, outlook 'stable' for NZ banks
31 July 2014 6:41am
ME Bank has appointed Carlo Cataldo as its new chief risk officer. Cataldo spent the last 13 years at GE Capital, where his roles included six years as chief risk officer consumer. » read more »
Subscription content please login to view - Credit bubble pressures AA- bank ratings in Australia: S&P Credit bubble pressures AA- bank ratings in Australia: S&P
30 July 2014 7:03am
Strong property price growth over the past year or so "has been indicative of a resurfacing of risk within Australia's housing market," Standard & Poor's said in a commentary yesterday. » read more »
Subscription content please login to view - Cutting five-year fixed rates may be just the first salvo Cutting five-year fixed rates may be just the first salvo
30 July 2014 7:02am
In what will undoubtedly be bad news for the Reserve Bank, an analysis of its data reveals that there is plenty of scope for banks to cut mortgage rates beyond the cuts in five year fixed-rates initiated last week. » read more »
Subscription content please login to view - SPAA issues best practice guidelines for SMSF lending SPAA issues best practice guidelines for SMSF lending
30 July 2014 6:52am
The SMSF Professionals Association of Australia has developed a set of best practice guidelines for lending to self-managed superannuation funds. Yesterday SPAA issued separate guidelines for lenders and advisers. » read more »
Subscription content please login to view - Three per cent buffer on Australian bank loan repayments: Moody's Three per cent buffer on Australian bank loan repayments: Moody's
30 July 2014 6:51am
Moody's Investors Service says existing Australian residential mortgage-backed securities are well placed to withstand a rise in interest rates by as much as three percentage points, because monthly payments in underlying loans would on average remain below underwritten payments. » read more »
Subscription content please login to view - Lenders beware: SMEs are higher risk Lenders beware: SMEs are higher risk
30 July 2014 6:50am
The rate of business insolvency, relative to the total number of companies in Australia, has more than doubled over the past 15 years, reflecting an increase in the risks involved in running a business. » read more »
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