Economy

APRA proposes banking data transparency
9 December 2019
mortgagebusiness

A new proposal made by APRA could see the financial data of banking institutions made publicly available, to an extent that greatly exceeds current data publication practices.

Big 4 to carry heavier capital burden
6 December 2019
Big four banks

New Zealand’s central bank has introduced new regulatory requirements that would require Australia’s major banks to hold billions in additional capital.

NextGen announces new document verification service
6 December 2019
NextGen announces new document verification service

The technology services provider has announced a new service that automatically validates customers’ identification documents against government databases, reportedly cutting down loan ...

Stability risks quelled by housing recovery
6 December 2019
APRA, RBA, ASIC, Treasury

The national turnaround in the housing market has injected Australia’s financial regulators with renewed confidence.

Mortgage arrears fall, to remain low: S&P
5 December 2019
S&P Global

Home loan delinquencies declined over the past quarter and are set to continue falling in response to rate cuts, according to S&P.

BOQ opens second phase of capital raising
5 December 2019
Stock trading

The non-major has opened trading for the second round of its capital raising aimed at bolstering its capital position.

Cold-call CCI sales to be banned next year
4 December 2019
Cold-call CCI sales to be banned next year

A ban on unsolicited “cold call” telephone sales of consumer credit insurance and direct life insurance will take effect from 13 January 2020, the financial services regulator has announced

Value recovery driven by expensive houses
4 December 2019
Value recovery driven by expensive houses

As home values sharply recover in Sydney and Melbourne, there has been a particular spike in the recovery of the premium housing, according to new research.

Budget surplus to fall below estimates: Deloitte
4 December 2019
mortgagebusiness

The federal budget surplus in 2019-20 is expected to come in $1.7 billion below the government’s forecast, according to new analysis performed by Deloitte.

RBA unveils pre-Christmas cash rate
3 December 2019
RBA unveils pre-Christmas cash rate

The central bank has revealed its cash rate decision for December, following its monthly monetary policy board meeting.