Anti-Scam Centre launches first 'fusion cell'

The new National Anti-Scam Centre has launched its first so-called “fusion cell”, pulling together experts from regulators and industry to work on identifying ways of disrupting investment scams. read more

Lenders wind back mortgage deals

Cashback offers, big rate discounts and special low variable rates were withdrawn or adjusted by a number of lenders in June, as mortgage providers shifted their focus from market share to margin pres.. read more

Household savings continue to grow

Households deposited A$26.3 billion during the March quarter and now have a record $655.1 billion in at-call savings accounts and term deposits, the Australian Bureau of Statistics reports. read more

LIBOR is no more

LIBOR will cease as a financial market benchmark rate on Friday, June 30, when the US dollar LIBOR panel winds up its activities and all use of US dollar LIBOR settings will be prohibited. read more

Climate disclosure reform gathers pace

The International Sustainability Standards Board has released IFRS S1 and IFRS S2 – its inaugural standards for sustainability-related and climate-related disclosures in global capital markets. read more