CUBS get seal of approval 20 December 2010 5:33PM Australia's credit unions have the opportunity to reinvigorate both their consumer and industry brand reputation as the Federal Government embarks on an effort to revitalise the competitive position.. read more
Unlisted businesses more profitable but need finance 17 December 2010 5:35PM Factors around the credit quality of unlisted businesses receive an overview in the quarterly Bulletin of the Reserve Bank of Australia, published yesterday. The RBA bases most of its analysis on a.. read more
Treasury sets conditions for 15 per cent bank profits 16 December 2010 5:54PM Ken Henry, Treasury Secretary, posed the key question in a talk to an industry conference yesterday: "Is a 15 per cent post-tax rate of return on equity too high or too low?" read more
Risk margins seem high to Treasury 16 December 2010 5:53PM Treasury Secretary Ken Henry yesterday highlighted the elevated risk-margin component of banks' profit margins and suggested that this was one driver of the rise in interest margins over recent years. read more
Live with G20, Henry advises 16 December 2010 5:46PM Implementation of the G20-driven round of global banking reforms "will enhance the stability of the Australian banking system and reinforce Australia's already robust financial regulatory environmen.. read more
Banks will miss resources growth wave 16 December 2010 5:43PM An all-time high for investment features in the Reserve Bank of Australia's forecasts for "the period ahead". However, the banks can't expect to fund much of this growth, says the RBA. read more
Wholesale funding level agreed 16 December 2010 5:41PM The minor debate over the level of banks' spreads became clearer yesterday, with Treasury Secretary Ken Henry putting the spread "at around 120 basis points". read more
Profit target likely to elude Norris 16 December 2010 4:30PM Ralph Norris, chief executive of Commonwealth Bank, put the likelihood that the bank will achieve the profit target to earn his maximum bonus at less than 50 per cent. read more
More competition may lower lending standards, says APRA 15 December 2010 5:58PM Efforts to foster the competitiveness of niche lenders and draw new lenders into the home loan market is a policy that may raise prudential concerns, John Laker, chair of the Australian Prudential Reg.. read more
More competition may lower lending standards, says APRA 15 December 2010 5:58PM Efforts to foster the competitiveness of niche lenders and draw new lenders into the home loan market is a policy that may raise prudential concerns, John Laker, chair of the Australian Prudential Reg.. read more