APRA's further guidance on residential mortgage lending 06 November 2014 5:03PM The Australian Prudential Regulation Authority yesterday released a prudential practice guide for authorised deposit-taking institutions setting out sound risk management practices for residential mor.. read more
Fed Court pushes ASIC to act on responsible lending 06 November 2014 5:03PM ASIC has updated its guidance on responsible lending obligations for credit licensees in a move it said reflected a Federal Court decision in August against The Cash Store (now in liquidation). read more
Euro investors hungry for Aussie bond issuers 04 November 2014 4:53PM The message from the debt capital markets leaders at BNP Paribas' Australian office is that issuance into Europe by Australian banks had "paved the way for other Australian credit", with Australian co.. read more
Claims on big bank capital dismissed 31 October 2014 4:46PM The Customer Owned Banking Association has dismissed suggestions by Australia's largest banks that their capital holdings are at their highest point. read more
Banks look to young savers 31 October 2014 4:46PM There are 1.8 million young Australians, aged between 6 and 13, speaking for an estimated $653 million in personal savings, according to a Roy Morgan survey. The results were based on around 2,8.. read more
ACCC redefines penalties 31 October 2014 4:45PM The Australian Competition and Consumer Commission's annual report for 2013-14 was released yesterday. It shows the agency was involved in 53 proceedings relating to consumer protection enforcement an.. read more
ASIC annual report shows Budget cuts starting to bite 30 October 2014 4:30PM The Australian Securities and Investments Commission has tabled its annual report for the year ended 30 June 2014. While the agency has put on a brave front in terms of showing what it has been doing,.. read more
APRA's low-doc mortgage rules favour non-bank RMBS issuers 30 October 2014 4:26PM In its "Structured Thinking" client bulletin for 29 October, Moody's Investors Service assessed the impact of last month's review of 'low-doc' mortgages by the Australian Securities and Investments Co.. read more
Australia's NPP continues apace 24 October 2014 5:02PM Innovation is appearing on the Australian payments landscape's horizon, with the ever-widening use of contactless payments merely "the most obvious recent example", according to Reserve Bank of Austra.. read more
Suncorp's many paths to profit 24 October 2014 4:58PM Suncorp chairman Ziggy Switkowski, speaking at the bancassurance group's annual general meeting in Brisbane's Sofitel yesterday, attributed the steady increase in the company's share price and a signi.. read more