ASIC warns on drive-away finance insurance 13 September 2016 4:08PM ASIC concludes that the sale of almost useless add-on general insurance policies shows the market is failing consumers. read more
New Zealand dealer network MTF launches ABS deal 07 September 2016 4:11PM New Zealand's Motor Trade Finance, which originates a range of financing options, has launched a NZ$200 million car loan backed securitisation deal. read more
Australian auto ABS losses and arrears edge upwards 07 September 2016 4:08PM Australian prime auto ABS arrears in the second quarter of 2016 produced an annualised net loss rate of 0.62 per cent, in excess of comparable periods. read more
Bitcoin no threat to national currencies 07 September 2016 4:07PM Research from SWIFT Institute shows that fiat currencies crowd out Bitcoin, not the reverse. read more
CBA expects financial advice review to be completed this year 06 September 2016 3:53PM The Commbank's progress report on its Open Advice Review Program says "good progress" is being made, with more than 5,300 assessments completed. read more
ASIC guidance on robo-advice 31 August 2016 5:02PM ASIC has published guidance for the provision of digital financial product advice for retail investors, known colloquially as 'robo-advice'. It builds on an earlier series of consultation paper and dr.. read more
Basel 3 bail-in rules apply in theory, unlikely in practice 31 August 2016 5:00PM Financial services academic Kevin Davis argues that bail-in provisions may never be tested in Australia, and in fact may not make the banking system any safer. read more
Satisfaction sits at 15-year high among major banks' customers 31 August 2016 4:28PM Satisfaction with their main financial institution among the Big Four banks' personal customers in the six months to July 2016 is being maintained at a high point, although a Royal Commission remains.. read more
ASIC bans former payday lender for ten years 31 August 2016 4:22PM ASIC has banned Peter Llewellyn, former director of a payday lender Australian Money Exchange, from engaging in credit activities for a period of ten years, after he tried to avoid the controls of the.. read more
NZ house prices keep global ratings agency on edge 24 August 2016 4:24PM Renewed house price momentum in New Zealand, accompanied by record household debt, is again raising the risks to the NZ banking system's financial stability according to a new report by S&P Global.. read more