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ACCC flexes muscles in 1st CDR accreditation rejection
iSignthis’ CDR application had been rejected, the first ever from the ACCC, the regulator has confirmed.
REGULATION • Wed, 04 Jan 2023
Continued slight increase in ADI resident loans: APRA
November ADI data sees the big four continue slight home loan growth, latest APRA data has revealed.
LENDER • Wed, 04 Jan 2023
Aussie banks to increase credit-risk buffer in 2023: APRA
APRA has increased the countercyclical capital buffer (CCyB) to 1 per cent of risk-weighted assets (RWA), the regulator has confirmed.
ECONOMY • Tue, 03 Jan 2023
‘Lending spread’ key to Aussie banks’ profitability
A long-term low-interest rate environment didn’t adversely affect Australian banking profitability, the RBA has found.
Confidence across ‘mortgage belt’ up 11%: Westpac
Confidence is recovering faster for mortgagors than for tenants and those who fully own their property, Westpac has revealed.
ECONOMY • Tue, 13 Dec 2022
Aged Australians focus in largest retirement home-equity ‘boost’
Household Capital will now provide both federal government Home Equity Access Scheme and household loans to older Aussies, it has announced.
LENDER • Sun, 04 Dec 2022
‘Early effects’ of rate rises showing in new home sales
New home sales slumped in November, as rising rates place a stranglehold on new construction, latest HIA data has revealed.
PROPERTY • Sun, 11 Dec 2022
Financial bodies call for ‘dual board’ in RBA reform
Financial associations have called for change to the RBA decision process via their submissions to the review panel.
ECONOMY • Sun, 11 Dec 2022
Online searches ‘crystal ball’ early financial stress: RBA
Social media searches are helping the central bank flag home loan arrears much sooner, the RBA has revealed.
ECONOMY • Thu, 08 Dec 2022