Banks face massive refinancing task 12 April 2021 4:45AM Banks remain wary of the TFF, the Term Funding Facility. read more
Novatti hasn’t given up on a banking licence 12 April 2021 4:37AM Payments fintech Novatti Group will press ahead with its application for a banking licence, despite APRA’s announcement last month that it will impose stricter requirements on applicants for ADI licen.. read more
Court rules on protecting the family home from creditors 09 April 2021 5:43AM A Federal Court ruling has given support to the longstanding business planning strategy of protecting a family home from business risks by purchasing and registering it in the name of the non-risk spo.. read more
APRA acts on Macquarie’s ‘persistent’ compliance failures 06 April 2021 5:43AM Macquarie Bank’s breaches of regulatory reporting requirements highlight the challenges in managing a diversified financial services group, Moody’s Investors Services said in response to APRA’s announ.. read more
Fixed mortgage rates rise 06 April 2021 5:40AM Rising bond yields and the expectation that lenders’ funding costs may increase are starting to have an impact in the mortgage market, where a few lenders have increased longer term fixed rates. read more
Growing confusion over debt market ESG ratings 01 April 2021 6:24AM The increasing application of ESG considerations in debt market investing is leading to calls for greater standardisation and disclosure of the metrics being applied. read more
Banjo targets micro businesses 31 March 2021 5:51AM Small business lending start-up Banjo Loans has diversified its product range, hoping to capitalise on the post-COVID recovery with a short-term working capital loan for micro businesses. read more
Byres defends AFCA’s role in responsible lending 30 March 2021 6:22AM APRA chair Wayne Byres has defended the role the Australian Financial Complaints Authority will play under the government’s proposed changes to responsible lending laws, saying it can impose binding r.. read more
Greensill shockwaves another wild card in the post-JobSeeker mix 29 March 2021 6:11AM Investors, insurers and businesses are taking a cautious approach to dealing with providers of supply chain finance in the wake of the Greensill collapse, creating more uncertainty in the SME finance.. read more
AFCA calls for more powers 29 March 2021 6:09AM The Australian Financial Complaints Authority wants to increase its compensation cap for non-financial loss, extend its jurisdiction over small business insurance complaints and have greater power in.. read more