Economy

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.

The wealth and banking group has announced the latest addition to its board of directors and the retirement of a board member after three years of service.

Non-bank lender Firstmac has completed a residential mortgage-backed securities issuance of $1.1 billion, bringing the total amount raised by the company this year to $3.5 billion.