Revised Banking Code gets green light 28 June 2024 4:32AM ASIC has approved a new version of the Australian Banking Association’s Banking Code of Practice. The new Code won’t commence until the end of February 2025. read more
APRA sees 'simpler, stronger' banking regulation 27 June 2024 6:08AM The regulatory settings for banking contains some good points that are worthy of reflection, “but it also strikes me that the argument to date has been quite one-sided” John Lonsdale, the APRA chair,.. read more
'National intervention needed' in eConveyancing 27 June 2024 6:06AM This month’s ministerial forum on National eConveyancing has concluded that some of the reform issues facing the industry “are beyond the remit of states and territories to address effectively.” read more
Sympli confronting PEXA monopoly 26 June 2024 6:35AM The primary challenger to the PEXA monopoly in conveyancing is fretting that the end 2025 deadline for interoperability between platforms will be thwarted. read more
Tennant Creek closure costs Westpac 26 June 2024 6:33AM Westpac breached its obligations under the Banking Code of Practice “in a serious and systemic manner” when it closed its Tennant Creek, Northern Territory branch on 19 September 2022. read more
Armaguard squeezes banks 25 June 2024 4:30AM Banks, retailers and Australia Post have agreed to an additional $50 million over a year in funding for Armaguard. read more
'Expand credit reporting': ARCA 24 June 2024 6:32AM The addition of more detailed consumer data, improved regulation of credit repair services, increased credit reporting participation from lenders, telecommunications and utility providers, and Buy Now.. read more
'No exit' for QBE LMI 24 June 2024 6:30AM QBE Insurance Group has made clear its commitment to its lenders mortgage insurance division. read more
CommBank and Helia play hardball on mortgage insurance 20 June 2024 1:49AM For only the second time in 60 years, Commonwealth Bank is seeking a Request for Proposals for it lenders mortgage insurance business, a contract held all these decades by Helia and its predecessor, H.. read more
Mining supply chain in strife, insolvencies surge 20 June 2024 1:01AM While strange at first glance, the upswing in insolvencies in businesses dependent on mining is a function of broader stress from restrictive monetary policy. The May 2024 Business Risk Index from Cre.. read more