• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Briefs: RMBS performance declines, big boost for energy efficient bonus program, ASIC bans broker

07 June 2017 4:10PM
Moody's Investors Service said that the performance of Australian prime residential mortgage-backed securities deteriorated over the March 2017 quarter. The delinquency rate for prime RMBS loans 30 days or more in arrears rose to 1.65 per cent at March 2017 from 1.55 per cent at December 2016 and 1.49 per cent at 31 March 2016. Moody's said: "delinquency rates rose for most Australian prime RMBS issuer groups during the quarter, except regional authorized deposit-taking institutions." The Clean Energy Finance Corporation said it committed "an additional A$180 million in finance to NAB's "Energy Efficient Bonus program". The new finance takes the CEFC's funding for this NAB facility to $300 million since 2015. The program "provides customers with a 0.7 per cent discount on NAB's standard equipment finance rate for loans for eligible clean energy investments, such as vehicles, energy efficient irrigation systems, solar PV, building upgrades, lighting upgrades, processing line improvements and refrigeration." ASIC has permanently banned Shun Yuen Ken Li (also known as Leo Lee) from providing financial services. ASIC said Li was banned "after pleading guilty and being convicted of two counts of dishonestly using his position as an employee of FX broker GAIN Capital Australia Pty Ltd with the intention of gaining an advantage for two clients." Li was sentenced in the Downing Centre Local Court to a community service order of 350 hours. ASIC said the charges related to Li's use of his position as an employee of GAIN Capital to place orders for two clients.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Finance regulation

  • States take up the cudgels on eConveyancing
  • Firstmac failed design and distribution rules
  • 'Minimal' bankruptcy reforms tabled by Dreyfus

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con
  • Credit quality dogs Zip turnaround

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use