412

When the Reserve Bank cut the cash rate by 25 basis points in December lenders responded by cutting their variable mortgage rates by an average of 20 basis points. read more

Submissions to the Treasury's review of regulatory oversight of the point-of-sale credit sector argue strongly that the sector should be regulated under consumer credit law. read more

The Australian Securitisation Forum has stepped up its campaign to persuade APRA to make provision for the operation of securitisation master trusts in its revised standard for the sector. read more

Borrowers have demonstrated their conservatism over the past year by cutting back on credit card and other personal lending, and by making extra repayments on their mortgages. read more

Data released by the Reserve Bank and the Australian Prudential Regulation Authority on Thursday show that demand for mortgages and business credit remains subdued. read more

Just one in 10 small and medium-sized businesses is using the Personal Property Securities Register, according to a survey by business information company Veda. read more

Banks are showing interest in the credit card market again. Last month, Commonwealth Bank cut purchase rates on its cards, and last week Westpac launched two new black cards. read more

The Australian Financial Markets Association is to change the way it sets bank bill swap rates. Over the next few months it will move from having a panel of traders submitting observations each day.. read more

Australia's increased level of integration with the Asian economy is showing up in stronger linkages between the Australian and Asian banking systems. read more

While the strategic focus at Westpac remains on strengthening the group's balance sheet and improving productivity in an environment of weak credit demand, the head of the group's Australian operati.. read more