APRA hikes bank capital, lowers loss-absorbing buffer 10 July 2019 4:41PM Bringing an end to a debate over reform set up by the Financial System Inquiry five years ago, APRA has determined that the Big Four banks will have to raise around A$50 billion of additional capital. read more
Home loan demand lifting: AFG 10 July 2019 4:36PM Smaller lenders, often mutuals, are doing well amid "first signs of recovery in the home loan market", based on demand handled by mortgage aggregator AFG. read more
GBST bidding war ends up at the Takeovers Panel 09 July 2019 4:21PM One of three companies vying to take over banking software company GBST has taken the matter to the Takeovers Panel, claiming that unacceptable circumstances arise from one of the competing bids. read more
Sandboxes play loose with fintech licences 08 July 2019 4:09PM Fintechs may be getting another leg up the regulatory side, via a new law to allow them to confirm their concept through initial market testing prior to seeking the appropriate licence from ASIC. read more
Clearance rates follow APRA script on easier credit 08 July 2019 4:07PM It's macroprudential in reverse in Australian finance, as APRA softens its guidance on mortgage serviceability assessments, days after the RBA cut the cash rate for the second time in a row.And look h.. read more
20 bps mortgage cut the norm 08 July 2019 4:02PM Mutual ADIs big and small join Bendigo and Virgin Money being stingy on rate cuts on home loans. read more
Kicking on 05 July 2019 3:35PM Regtech company Kyckr Ltd has released some unaudited highlights from its 2018/19 financial report, which show revenue growth of 20 per cent to $2.1 million. read more
Private equity group to take over Silver Chef 04 July 2019 2:10PM Silver Chef's long-running capital management crisis looks like being resolved, with the proposed sale of the company to a private equity consortium. read more
Heartland diversifies local funding base 04 July 2019 2:06PM Heartland Group has secured a A$250 million funding facility that it will use to develop its reverse mortgage business in Australia. read more
Responsible lending guidance debate 03 July 2019 5:23PM The banking industry is opposed to key parts of ASIC's proposed overhaul of its guidance on responsible lending conduct, claiming it will disadvantage small financial institutions and new entrants t.. read more