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Austrac has published draft amendments to its customer identification rules, allowing financial institutions to collect information from sources other than the customer. read more

The latest Westpac-Melbourne Institute Index of Consumer sentiment, which was released this week, found that the most popular destination for savings was a bank deposit, despite the fact that rates on.. read more

Australia's big banks may have to raise variable mortgage rates by around 30 basis points to compensate for proposed changes to mortgage risk weights used for capital purposes, according to JP Morgan.. read more

The Australian Office of Financial Management will hold its first auction of residential mortgage-backed securities on June 24, when it will sell up to A$500 million of notes under the Apollo, Idol an.. read more

Saxo Capital Markets has relaunched its online broking service, aiming to pick up market share with lower fees, faster transaction times, better interconnection of user devices and a facility that all.. read more

Online small business lender Moula Money has raised A$30 million, part of which it will use to extend its distribution and increase its maximum loan size. read more

Growth in the housing finance market moderated in April, after strong growth in March. read more

Financial institutions around the world have made good progress incorporating risk measures into executive remuneration practices but more needs to be done to align remuneration and risk management. read more

Pepper Australia has completed the biggest issue of non-conforming residential mortgage-backed securities since the financial crisis, raising A$550 million. read more

A new front has opened up in the battle to sign up credit card customers. Over the past couple of years card issuers have fought to win new business with increasingly attractive balance transfer deals.. read more