RBA (229 items)

Repo RMBS market a fillip for Perpetual Corporate Trust

The growth in so-called repo eligible RMBS – securities placed in a Reserve Bank committed liquidity facility to allow banks to meet APRA's liquidity target – is behind a growth in the corporate trusts business of Perpetual Ltd, which holds A$427 billion of securitisation funds under administration. read more

China's shadow banking industry in need of reform

Andrew Cornell, managing editor at BlueNotes reviews Shadow Banking in China: An Opportunity for Financial Reform, by Andrew Sheng and Ng Chow Soon from the Fung Global Institute. read more

McMillan Shakespeare's vehicle finance acquisitions make a contribution

Retail finance activities made a significant contribution to the earnings of the remuneration services and fleet leasing specialist McMillan Shakespeare, as the company started to enjoy a strong revenue flow from recent acquisitions in the finance market. Now the company says it is ready to expand its retail finance activities beyond vehicles. read more

Margin loan account numbers tumble

One segment of the debt market that has not received a boost from low rates is margin lending. The number of margin loan accounts fell by 2.8 per cent in the June 2016 quarter and is down almost five per cent on the June quarter last year.Margin calls fell from 1.11 per 1000 clients per day in the March quarter to 0.67 per 1000 clients per day in the latest period. read more

Briefs: Quay and G&C merger cleared, FlexiGroup signs up Flight Centre, Bigstone gets capital injection, and more

Quay Credit Union's proposed merger with G&C Mutual Bank is over the line, after 89 per cent of Quay CU members voted in favour at a meeting last week. G&C Mutual Bank will have a post-merger balance sheet of around A$1.1 billion.  The merger may take effect from 1 September 2016. read more

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