APRA clamps down on lending exceptions

APRA is taking a stern view of the reported willingness of some banks to take a slightly more lax attitude to the long-standing ‘serviceability’ buffer on home loans - currently set at 3 per cent. read more

Suncorp 'not fit' to grow

ANZ is digging deep to push its proposed acquisition of Suncorp Bank over the line, with the ACCC due to make its ruling on the merger by next month. read more

PSB prepares LCR mandate

The Payments System Board has flagged a long-awaited process that will enforce least cost routing across the payments ecosystem.  read more

FINSIA recruit and recoil

With three quarters of the windfall from the sale of the old education business to Kaplan now whittled away, you have to wonder when the FINSIA board will change tack. read more