Economy

The central bank’s board has stated that it would “reassess the economic outlook” in February amid growing expectations of additional cuts to the cash rate.

The board of ANZ Bank New Zealand has appointed Antonia Watson as CEO.

The rate of borrowers refinancing their mortgage with another lender has increased for the fifth consecutive month, new ABS statistics have revealed.

The growing availability of consumer data is threatening the banking sector’s “historic advantage” in the credit risk assessment space, according to the RBA.  

ASIC has signed off on the updated version of the ABA’s Banking Code of Practice, which aims to better align with recommendations passed down by commissioner Kenneth Hayne.

The Australian Business Securitisation Fund is now accepting proposals from SME lenders wishing to access the fund’s investments in securitisations of loans, including via warehouse ...

The ASX/InfoTrack-backed electronic settlement service Sympli has successfully settled its first loan, with ANZ and two Gold Coast law firms settling on a Queensland property.

APRA has released an updated prudential standard for ADIs, outlining new credit risk management requirements.

A lender has announced the appointment of a new chief executive officer.

Interest rate cuts and changes to mortgage serviceability guidance have not been enough to spark a quarter-on-quarter increase in home loan volumes, according to the latest APRA data.