More than 14 million Australians went online to do their banking in August, according to Nielsen Digital Ratings. Nielsen also found that eight of the top ten "banking entities ranked by unique audience" experienced growth in visits. Commonwealth Bank was number one with a unique audience of 7.3 million in August, followed by NAB (5.3 million), ANZ (4.9 million) and Westpac (4.1 million). The refinance of the almost paid-down SWAN 2011-1 transaction, originally a A$500 million securitisation of Bankwest's residential mortgages, has been completed, with the pricing of new Class A2-R RMBS notes announced yesterday. The issuance of $95.8 million in new notes, backed by a pool of prime Australian residential mortgages originated by Bankwest (now a subsidiary of the Commonwealth Bank of Australia), was led by CBA. All loans are backed by QBE's lenders mortgage insurance. The new issuance, rated AAA(sf) and AAAsf by S&P and Fitch, respectively, have a weighted average life of two years, and were priced at 110 basis points over the 1-month swap rate. The board of the Reserve Bank of New Zealand has elected a new chairman, Neil Quigley, to replace Rod Carr, who is stepping down immediately. Carr said he had decided to leave as a Reserve Bank director from July 2017 and therefore decided to stand down as chairman immediately. Quigley, who is vice-chancellor of Waikato University, has no executive experience with the Reserve Bank - a break with tradition, given previous chairmen have brought RBNZ executive level experience to the job. Kerrin Vautier, a consulting research economist, has been elected deputy chair.