Bank backs tax breaks for unhealthy housing market 08 April 2019 3:27PM Drastic measures are called for by one of Australia's largest mutual banks, in research on housing affordability for those workers in this bank's newest target market, in the healthcare and emergency.. read more
ACCC opens up draft CDR banking rules 01 April 2019 4:20PM It may take consumers as long as ten days to reach second base in a quest to switch their bank account to a new provider, guidance on the governance of "open banking" reforms shows.Operation of a pilo.. read more
Higher, wider bank taxes in sight 29 March 2019 5:38PM A hefty rise or even a widening in the levy on banks' liabilities may yet be a hot chance for next week's budget. And definitely following any change in government in May.Josh Frydenberg is under pres.. read more
P2P too sensitive for some ADIs 27 March 2019 5:28PM The credit union and mutual bank love affair with SocietyOne and other marketplace lenders has drawn a stern caution from APRA.S&P, on the other hand, find virtue in diversifying risk in the secto.. read more
Samuel recoils at 'girls' club' around banks and business 27 March 2019 5:26PM The Financial Review has the story on an alleged "girls' club" obstructing the careers of younger women in finance this morning, and it's a corker. Graeme Samuel, the former ACCC boss and himself a le.. read more
Majors wide open on data rights 27 March 2019 5:24PM Open banking enthusiasts can expect most and maybe all four major banks to be lined up for the first major milestone around consumer data rights in the middle of this year. 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
APRA speeds up sub debt debate 20 March 2019 5:15PM Investor tolerance for nifty, "loss-absorbing" debt instruments will be tested by APRA's final conclusions on reforming capital measures for Australian banks. read more
CUA slogs deposits 18 March 2019 5:36PM A fast pace of growth in deposits and "record member growth" over the December half suggests that the busy investment in "digital" is making its mark at CUA - Australia's largest credit union. read more
No life for AMP without AGM vote 14 March 2019 5:05PM There could be no more material change in the strategic direction of an enterprise than AMP selling AMP Life - so an EGM and a shareholder vote are imperative to greenlight or rethink the $3.3 billion.. read more