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APRA tipped to ‘turn screws’ a second time
The prudential regulator’s efforts to take the heat out of the housing market have “failed” and it is likely to chart a new course, says a researcher and analyst.
REGULATION • Tue, 16 Jun 2015
Westpac to sell down stake in investment firm
Westpac has announced it will reduce its stake in one of its wealth management subsidiaries, generating as much as $700 million from the transaction.
LENDER • Tue, 16 Jun 2015
CPA members express interest in advice venture
CPA Australia has seen a flood of expressions of interest from members after announcing plans to apply for an Australian Financial Services Licence and Australian Credit ...
ECONOMY • Mon, 15 Jun 2015
Govt lobbied on mortgage transfers
The federal government has been approached by an association of mortgage and finance brokers to intervene to stop banks delaying the mortgage transfer process.
ECONOMY • Sun, 14 Jun 2015
YBR gains street presence with Resi rebrand
Yellow Brick Road will gain an additional 19 shopfronts as the acquisition of Resi takes full effect over June.
ECONOMY • Thu, 11 Jun 2015
New ASIC funding model ‘misguided’
The government’s proposed changes to the funding model for ASIC is not what it seems and would result in “backdoor taxation”, an economist has warned.
REGULATION • Thu, 11 Jun 2015
Banks challenged on mortgage repricing
Australia’s banks need to avoid a “lazy” approach to mortgage portfolio repricing in light of debate around higher capital requirements, JP Morgan has warned
ECONOMY • Wed, 10 Jun 2015
Pepper completes non-conforming RMBS issue
Pepper Australia has completed what it has described as the “largest non-conforming RMBS issue since the emergence of the financial crisis in 2007”.
Home loan market hits $1.39tn
The total value of outstanding home loans written by banks and ADIs has surged to an all-time record of $1.39 trillion, according to the Australian Bureau of ...
ECONOMY • Tue, 09 Jun 2015