Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

How will industry consolidation impact broker businesses?
14 December 2020
How will industry consolidation impact broker businesses?

Promoted by Mortgage Advice Bureau It’s a question many brokers should be asking themselves as aggregators and brokerages continue to merge. But there is an alternative solution for brokers ...

APRA consults on capital framework changes
11 December 2020
APRA consults on capital framework changes

Banks may have to hold a large share of their required capital as “buffers” as part of proposed changes to the prudential regulator’s ADI capital framework.

APRA consults on updates to credit standards
10 December 2020
APRA consults on updates to credit standards

The prudential regulator is updating its credit risk management standard, and may also look to amend the residential mortgage lending guidance, following the removal of responsible lending ...

Women making faster financial progress post-COVID
10 December 2020
Women making faster financial progress post-COVID

Women have bounced back from the financial impact of the pandemic significantly faster than men, according to the Financy Women’s Index.

Over half of all Aussies at risk of vulnerability: survey
8 December 2020
Over half of all Aussies at risk of vulnerability: survey

More than a quarter of all Australians have experienced vulnerability, while over half the population in Australia are experiencing vulnerability risk factors, according to research.

NextGen.Net launches benchmark reporting
8 December 2020
NextGen.Net launches benchmark reporting

Mortgage lending technology provider NextGen.Net has launched an industry benchmark report for lenders to help them "prioritise and facilitate change".

Prepare for ‘big, disruptive events’, says APRA
7 December 2020
Prepare for ‘big, disruptive events’, says APRA

APRA’s chair has told financial services players that they should be preparing themselves for the next black swan events, particularly focusing on capital, liquidity and climate risk ...

House prices to surpass pre-COVID levels in ‘early 2021’
4 December 2020
House prices to surpass pre-COVID levels in ‘early 2021’

The recovery in Australian house prices continued in November, with CoreLogic stating that house values look set to surpass their pre-COVID highs in the first quarter of 2021.

Low population growth to curb house price rise: RBA
4 December 2020
Low population growth to curb house price rise: RBA

The RBA governor has indicated that he does not expect to see a substantial increase in house prices due to soft population growth amid the COVID-19 crisis.

Australia no longer in recession
2 December 2020
Australia no longer in recession

The Australian economy saw strong growth in the September quarter, officially bringing the country out of recession.