Economy

A big four bank has updated its home loan serviceability assessment policy in response to APRA’s regulatory amendments.

The prudential regulator has announced that it is temporarily raising capital requirements for three major banks.

The demand for credit assessors in the home and business loan sectors is increasing as banks tighten their lending standards. 

An increase to the interest rate buffer could push borrowers into the non-bank space and “unnecessarily” restrict access to credit, the association has said.

Descending house prices, income growth and lower interest rates are among the factors that have contributed to improvement in housing affordability, according to the HIA. 

The prudential regulator has raised bank capital requirements by 3 percentage points, less than what was initially proposed, and has extended the time the big four have to meet their new ...

The payday lender has announced that it will begin “transitioning away” from high-interest, short-term loans this year as it aspires to become a digital bank offering a broader range of ...

ASIC has been warned against applying a prescriptive approach to its responsible lending guidance, which both the ABA and COBA have claimed would reduce competition in the mortgage market.

The prudential regulator has announced that it would include additional data in its banking statistics publication. 

Sluggish economic growth, increasing competition and rising risk costs have ­created a “perfect storm” for the Asia-Pacific banking industry, and consolidation may be the way for banks to ...