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Exposure to the healthcare, property and construction sectors in its SME banking division and to Queensland tourist districts in its home lending business account for Bank of Queensland’s high rate of.. read more

Bank of Queensland has finally managed to sell St Andrew’s Insurance, announcing that it will sell the business to Farmcove Investment Holdings. read more

SME lender Thinktank completed a A$600 million issue of commercial mortgage-backed securities last week, its sixth since it entered the market in 2014 and its biggest so far. read more

The Australian Office of Financial Management supported 12 public securitisation transactions during the September quarter but was required to invest in only two of them. read more

The International Swaps and Derivatives Association has taken the next step in the transition from IBORs (interbank offer rates) to alternative reference rates, announcing that it will launch its IBOR.. read more

Residential property investors and borrowers with interest-only or high LVR loans have been slower to exit mortgage repayment deferral arrangements, Commonwealth Bank reported in its latest deferral u.. read more

After raising A$700 million in the securitisation market in July – its biggest RMBS issue to date – Australian Finance Group has gone back to the market to raise another $500 million. read more

Westpac cut its mortgage serviceability floor rate on Friday, reducing it from 5.35 per cent to 5.05 per cent. Its floor rate is now the lowest among the big banks. read more

Neobanks are finding it difficult to maintain their market-leading deposit rates. In the past few weeks three have cut rates and two have limited the balances on which they will pay high rates. read more

The government is giving the Australian Competition and Consumer Commission extra funding for the development of the Consumer Data Right. read more