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When APRA announced last week that it wanted lenders to raise their mortgage serviceability buffers, it left the door open for more intervention if it sees the need. The emerging consensus is that it.. read more

COG Financial Services continues to cement its position as Australia’s largest equipment finance broker. It will pay around $15 million to acquire the 30 per cent of broker PCG that it does not alread.. read more

Teachers Mutual Bank took advantage of strong deposit inflow in the 2020/21 financial year to pursue more aggressive home loan growth, resulting in 20 per cent growth in its mortgage book. read more

NPP Australia is on track to launch its next payment initiative in the middle of next year, when it will start offering a payment pre-authorisation service, PayTo. read more

EML Payments faces a “material impact” on its European operations from the undertakings the Central Bank of Ireland is likely to impose in response to concerns about risk management and governance at.. read more

The Australian Banking Association released an updated version of the Banking Code of Practice yesterday, removing the COVID-19 Special Note that was added last year. read more

AMP Bank has moved to turn around a recent deposit outflow, increasing term deposit rates by as much as 35 basis points last month. read more

The latest Reserve Bank lending data will do nothing to dampen expectations that financial regulators will introduce macroprudential regulation to slow the growth in the mortgage market. read more

APRA has issued updated timelines for the introduction of prudential changes over the next couple of years, with some measures that were to have taken effect in 2023 pushed back to 2024. read more

A big increase in the value of residential property in the June quarter, which was offset to a limited degree by higher borrowings, has driven a 5.8 per cent increase in Australia’s household net weal.. read more