A 'conduct background check' protocol has also been introduced at ANZ, the bank's version of the still embryonic industry black list aimed at advisers. The aim of this is to ensure individuals with a history of poor conduct cannot move around the banking industry. Under the protocol, ANZ said, "banks are able to share information about a job applicant's employment history and conduct, including whether someone was dismissed or resigned in circumstances relating to misconduct such as selling customer data or repeatedly breaching bank policies." QT Mutual Bank Limited, rated BBB+ (stable) and Baa1 (stable) by S&P and Moody's, respectively, has priced a A$40 million 2-year senior unsecured floating rate note issue. Due on 2 August 2019, the instrument will pay a margin of 115 basis points over 3-month bank bill swap rate, with a reoffer price of par. Joint lead managers were NAB and Westpac. The issue is expected to be RBA repo-eligible and to be rated Baa1 by Moody's. The settlement date is 2 August 2017. When recruitment firms Hays surveyed 285 current credit managers, it found that the biggest challenge to the recruitment of professionals is the lack of available skilled candidates. And, it seems, becoming a credit manager is not one of those careers that people dream of from a young age. The majority of today's credit managers surveyed (61 per cent) hadn't intended to work in credit management, although 64 per cent of respondents believe credit management is recognised as a career path and 89 per cent would recommend a career in credit management to others. Mortgage Choice's annual investor survey has found 77 per cent of Australians intend to buy or have bought an existing dwelling rather than a "new build" - marginally up on the previous two years. Mortgage Choice CEO John Flavell gave several reasons for this: investors can renovate an older property, adding to its value; established dwellings are ready to buy and move tenants move in; established properties are possibly more affordable, and leave more room for property investors to negotiate. In addition, Flavell noted, "we have seen a few examples where the valuation for an off-the-plan property has come back short, leaving borrowers scrambling". The New Zealand Commerce Commission has declined the application of Vero Insurance New Zealand Limited (a wholly owned subsidiary of Suncorp) to acquire the shares in Tower Limited that it does not already own. Paul Smeaton, Suncorp New Zealand's CEO said he did not believe the proposed acquisition of Tower would substantially lessen competition in the New Zealand insurance market, and Suncorp would review the decision and assess its options before commenting further. Tower said it will work with Vero to assess the implications for the Vero Scheme, but it will mean a shareholder vote will now no longer occur in early September.