CUA focused on improving core system 12 March 2014 5:19PM Credit Union Australia will focus on enhancing its online banking service, improving its products and making its back office more efficient now that its new core banking system is up and running, the.. read more
Review calls for FOS to be overhauled 12 March 2014 5:18PM The Financial Ombudsman Service's organisational model has passed its use-by date and needs a complete overhaul, according to an independent review of the dispute resolution scheme's performance. read more
Consumer awareness of new credit reporting rules low 12 March 2014 5:16PM The change to comprehensive consumer credit reporting, which is likely to be the biggest development in the retail financial services industry this year, started today. Too bad no one told the consume.. read more
RBA sceptical about macroprudential policy 11 March 2014 5:31PM The tone of scepticism adopted by Reserve Bank senior officials in their comments about macroprudential policy to a parliamentary committee on Friday is echoed in documents the RBA released yesterday.. read more
Distressed debt sales off the boil 11 March 2014 5:30PM The heat has gone out of the distressed debt market in Australia, forcing private debt investors to turn their attention to other opportunities, a private equity conference in Sydney has been told. read more
Consumer credit law needs stronger anti-avoidance provisions 11 March 2014 5:17PM Consumer advocates have called for the inclusion of a general anti-avoidance provision in the consumer credit law, arguing that it is only way to put an end to the long history of avoidance by fringe.. read more
RMBS funding five to 10 basis points cheaper than 2013 10 March 2014 4:17PM Issuers of residential mortgage-backed securities are enjoying strong market conditions. On Friday, AMP Bank upsized its latest deal to A$1 billion from the A$500 million it was seeking at the launch,.. read more
The electronic bill has arrived 07 March 2014 5:13PM Electronic bill presentment is at a tipping point, according to the bill payment service provider BPay. The company released the results of its annual payments survey yesterday, showing that 82 per ce.. read more
US ABS market still a happy hunting ground for Macquarie 07 March 2014 5:10PM Macquarie Group has returned to the United States asset-backed securities market for the first time since May last year and has found margins have become a little finer in that time. read more
ABS and APRA to review first-home buyer data collection 07 March 2014 5:09PM The Australian Bureau of Statistics and the Australian Prudential Regulation Authority are reviewing the way lenders and brokers gather information about first-home buyers, to determine whether there.. read more