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Australian Financial Group has completed its biggest issue of residential mortgage-backed securities to date, upsizing the transaction from A$500 million at launch to $1 billion. read more

QuickFee has joined the growing list of buy now pay later providers cutting back operations in the face of mounting losses. read more

The Banking Code Compliance Committee has renewed its call for banks to do more to prevent breaches of the Code of Banking Practice, in response to a sharp increase in breaches in the latest reporting.. read more

The Australian Business Securitisation Fund will expand its activities, with plans to act as an underwriter for securitisation transactions. read more

Three of the big four banks – ANZ, Commonwealth Bank and NAB - passed on the full 50 basis point increase in the cash rate to home loan borrowers last week. read more

The Financial Sector Reform Bill 2022, introduced into Parliament last week, amends the Credit Act with the aim of enhancing consumer protection for people taking out small amount credit contracts and.. read more

Control of Australia’s monopoly e-conveyancing operator PEXA will pass to Canadian technology company Dye & Durham. read more

The government introduced a bill yesterday to establish a Financial Services Compensation Scheme of Last Resort, whose key features are the same as those of the heavily criticised (including by Labor).. read more

Authorised deposit-taking institutions’ Committed Liquidity Facility allocations have fallen to A$33 billion and the phasing out of the CLF by the end of the year is on schedule, APRA said yesterday. read more

The buy now pay later industry needs to do more to support users of its services who get into financial difficulty and change its inflexible approach to negotiating repayment terms, a new report argue.. read more