ASIC proposes liquidity targets for debenture funds 14 February 2013 6:01PM The Australian Securities and Investment Commission will tighten financial targets for debenture issuers, if it adopts policies outlined in a consultation document released yesterday. read more
Innovia buys RBA out of Securency 13 February 2013 5:32PM Innovia Films said yesterday that it would buy the Reserve Bank of Australia's 50 per cent share of Securency International. The company makes polymer substrate for banknotes. read more
Board rethink needed for NPA 13 February 2013 5:28PM The RBA will need to rethink the governance of its subsidiary, Note Printing Australia, and either have the board comprise wholly of bank executives or mainly independent directors, says a review. read more
Columbus brawls with managers over Origin loans 12 February 2013 5:47PM A simmering tussle over the terms under which mortgage mangers source funds from a former subsidiary of ANZ is warming up, with one non-bank leader accusing the new owner of "stealing" income. read more
Genworth IPO likely late this year 08 February 2013 5:43PM Genworth Financial may wait until late in 2013 to sell a minority stake in its Australian mortgage insurance business. read more
December quarter mixed for NAB 08 February 2013 5:41PM Mark-to-market losses cut the December 2012 quarterly profit of National Australia Bank to A$1.26 billion, the bank said yesterday. read more
Banksia receiver works fast 08 February 2013 5:38PM McGrathNicol, the receiver and manager of Banksia Securities, says it expects to accelerate the timing of returns to debenture holders. read more
Moody's trims RMBS ratings for six banks 07 February 2013 5:44PM Moody's Investors Service's downgrade of the financial strength ratings of lenders' mortgage insurance companies will percolate through to reduced credit ratings on some senior mortgage-backed bonds.. read more
Genworth's loan loss claims 'elevated' 07 February 2013 5:42PM Claim levels on the mortgage insurer Genworth Financial remain "elevated", the company said yesterday. read more
Link in harness on conveyancing reform 07 February 2013 5:36PM National E-Conveyancing Development Limited has completed another funding round, with Link Market Services joining the share register of the entity charged with automating Australia's property trans.. read more