Banks asked to rev up Bank@Post, publish branch closure impact statements 03 October 2022 6:10AM Lacking up to date data and much conviction beyond yielding to the strategic priorities of the industry, Friday’s final report of the Regional Banking Taskforce is a tepid read. read more
Bullock monsters mortgage mob 23 September 2021 6:14AM The Reserve Bank’s Michele Bullock yesterday foreshadowed a potential pivot to macro-prudential tools that address serviceability of loans and the amount of credit that can be obtained by individual b.. read more
Banks get a fix on costs 31 March 2020 5:30PM Banks might share branches to cope with staff shortages.And the ACCC may have given the green light for banks to sharpen terms with Australia Post.Another outcome might be agreement on shared servicin.. read more
APRA provides capital relief 20 March 2020 5:13PM Bank capital is a new policy lever, and APRA has given banks approval to use their capital buffers to fund lending, to help support the economy. read more
Mortgage switching too late to stop ACCC redo 14 October 2019 5:06PM There are stirrings of a shift in mortgage market share, but too late for the big banks that will be subjected to another ACCC inquiry into their conduct. read more
Mortgage market conditions bad, big banks even worse 01 July 2019 1:22PM While housing credit growth keeps plumbing new depths, the big banks are struggling to keep pace with extremely modest system growth. Official data for the month of May for now defies the ca.. read more
Jane Hume carries financial chalice 27 May 2019 4:12PM Two junior ministers will share responsibility for financial services in Scott Morrison's new government. Michael Sukkar returns as assistant treasurer and also minister for housing, while Jane Hume w.. read more
SMSF borrowing reprieved 25 March 2019 5:04PM The SMSF leverage data is worrying, worse than when David Murray reported.The policy decision - LRBA stays within SMSFs - is one motivated by the worry over the credit slowdown. Josh Frydenberg is the.. read more
Business lending growth at a two-year low 01 December 2016 4:46PM Growth in business lending has fallen back to its lowest level in two years, with the annual growth rate now stuck below five per cent. read more
APRA finalises securitisation standard 11 November 2016 5:03PM The Australian Prudential Regulation Authority has completed its revision of the prudential rules for asset securitisation and has released the final revised version of the standard, APS 120. read more