Resimac breaks a four-year drought in the NZ RMBS market 24 September 2014 3:54PM Mortgage finance specialist Resimac has completed its inaugural issue of residential mortgage-backed securities in New Zealand. The issue, Resimac Versailles Trust Series 2014-1, is also the first pub.. read more
ABA opposes Harper's effects test proposal 24 September 2014 3:53PM The Australian Bankers Association has indicated it will oppose the adoption of an "effects test" in competition law, as outlined in the draft report of the Competition Policy Review. read more
Believe it or not: FCS arrangements formalised this week 24 September 2014 3:51PM Formal regulation of important aspects of the Financial Claims Scheme has taken until now to be finalised. Despite the scheme having been introduced as an emergency measure in 2008 and then made perma.. read more
Low doc lending practices have improved, ASIC review finds 24 September 2014 3:51PM Lenders offering low doc home loans have tightened their lending practices in response to the introduction of responsible lending rules, an Australian Securities and Investments Commission review has.. read more
BOQ settles Storm claims 23 September 2014 4:10PM Bank of Queensland has reached an agreement to settle proceedings brought against it by the Australian Securities and Investments Commission and a class action on behalf of borrowers advised by Storm.. read more
Competition Policy Review recommends price signalling rule be scrapped 23 September 2014 4:10PM The draft report of the Competition Policy Review has recommended scrapping the prohibition on price signalling in the Competition and Consumer Act (a provision which applies only to banks) and replac.. read more
CBA's reign as top of the pops may be ending 23 September 2014 4:06PM Commonwealth Bank risks losing bragging rights as the Big Four bank with the highest retail customer satisfaction rating - a position it has held since the end of 2012. read more
Ezeatm sells ATM business to DirectCash Payments 22 September 2014 3:52PM ATM operator Ezeatm has signed a share and asset sale agreement with DirectCash Payments for the sale of its ATM business. The deal, which is subject to Ezeatm shareholder approval, values the busines.. read more
Howard Mortgage Fund rules off the books for the last time 22 September 2014 3:51PM Fund manager Fidante will rule off the accounts of the Howard Mortgage Fund for the last time today, ahead of a final return of capital to unitholders. Investors will soon learn whether they will rece.. read more
FSI debate over mortgage brokers heats up 19 September 2014 4:16PM The question in the Financial System Inquiry interim report of what impact vertical integration in the banking industry is having on the mortgage broking sector has provoked a lively debate, with call.. read more