APRA lets NAB off the leash 14 March 2024 2:58AM Latest news Ian Rogers APRA has removed the $500 million capital add-on it imposed on NAB in response to issues identified in the bank’s risk governance self-assessment. read more
'Marginal' increase in non-performing loans 13 March 2024 4:39AM Latest news John Kavanagh The proportion of non-performing mortgages on authorised deposit-taking institutions’ books rose over the past year but remains below levels reported in 2020 and 2021, and is in line with pre-COVID le.. read more
Islamic Bank Australia hands back RADI 06 March 2024 4:19AM Latest news Ian Rogers Islamic Bank Australia surrendered its restricted banking licence to APRA last Friday. That’s three voluntary exits by neobanks. There are bound to be more. read more
Credit card spend increases, along with arrears 08 February 2024 4:08AM Latest news John Kavanagh Spending on credit cards increased in 2023 as savings ran down and the cost of living rose, and stress levels increased. read more
APRA sets timeline for IRRBB changes 01 February 2024 5:02AM Latest news John Kavanagh APRA is aiming to finalise changes to interest rate risk management rules by the end of June and implement them in October next year, the regulator said in an update yesterday. read more
IRRBB rules to be applied to smaller ADIs 13 December 2023 5:09AM Latest news John Kavanagh APRA has announced changes to banks’ interest rate risk management rules aimed at reducing the volatility in the Interest Rate Risk in the Banking Book (IRRBB) charge. read more
New payments regulatory framework unveiled 11 December 2023 5:37AM Latest news John Kavanagh Treasurer Jim Chalmers has followed up the release of draft legislation in October that expands the regulatory coverage of the payments system, with the release last week of a consultation paper that.. read more
No change to serviceability buffer 05 December 2023 5:38AM Latest news John Kavanagh APRA will maintain its 3 per cent mortgage serviceability buffer, saying it remains prudent given the uncertain economic and geopolitical outlook. read more
APRA to tighten liquidity standards 16 November 2023 5:50AM Latest news John Kavanagh Smaller ADIs face earnings and capital impacts under proposed changes to APRA’s liquidity rules. read more
Former APRA chair to join Macquarie Bank board 06 November 2023 5:46AM Latest news John Kavanagh Former APRA chair Wayne Byres will join the board of Macquarie Group subsidiary Macquarie Bank next year, as a non-executive director. read more
Rate of branch closures accelerates 19 October 2023 3:57AM Latest news John Kavanagh The rate of bank branch closures in Australia is accelerating, with more than 10 per cent of branches closing over the year to June 2023. And despite widespread concern about regional branch closures,.. read more
Tighter liquidity and IRRBB rules on APRA's agenda 13 October 2023 5:45AM Latest news John Kavanagh APRA plans to update its bank liquidity standard (APS 210), in the wake of the failure of Silicon Valley Bank and other banks in the US earlier this year. read more
FAR transition gets underway 05 October 2023 5:08AM Latest news John Kavanagh APRA and ASIC have issued an information package setting out their approach to their joint administration of the Financial Accountability Regime and, for authorised deposit-taking institutions, detail.. read more
Wise up to 'fastest payments' 29 September 2023 5:02AM Latest news Ian Rogers Wise is emerging as a challenger to take notice of in Australian banking. read more
Counting the cost of AT1 adjustments 29 September 2023 4:54AM Latest news John Kavanagh In a worst-case scenario, where APRA cuts the level of hybrid capital in a bank’s minimum regulatory capital to zero, the big banks would need to raise around A$17 billion of capital, an analyst has e.. read more
APRA considers restricting retail investor access to hybrids 22 September 2023 6:02AM Latest news John Kavanagh The design of hybrid securities issued by Australian banks may be about to change, with APRA saying it is concerned some current product features and market practices “create significant challenges or.. read more
High LVR and DTI mortgage lending off the table 07 September 2023 5:48AM Latest news John Kavanagh Authorised deposit-taking institutions continued to tighten their mortgage underwriting standards in the June quarter, cutting back on new lending with high loan-to-valuation and debt-to-income ratios.. read more
FAR bill passed 06 September 2023 6:00AM Latest news John Kavanagh The government’s financial accountability reform bill was passed in the Senate yesterday, extending executive accountability rules beyond banks to include the superannuation and insurance industries. read more
Mortgage refinancing at record levels 04 September 2023 4:32AM Latest news John Kavanagh The value of new housing lending continued to fall in July but the value of external refinancing was the highest it has ever been. read more
IMB Bank 'a compelling merger partner' 31 August 2023 6:17AM Latest news Ian Rogers On the back of a robust full year result, IMB Bank has reminded the sector that it is wide open to merger opportunities. read more