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Economy

Banks respond to RC recommendations

Industry stakeholders, including the big four banks, have issued their responses to recommendations outlined in the final report of the banking royal commission.

Banks respond to RC recommendations
Hayne proposes industry codes become law

Commissioner Hayne has proposed in his final report that industry codes of practice include “enforceable code provisions”.

Kenneth Hayne
Best interests duty for financial advisers flawed: RC

The best interests duty for wealth advisers has not been effective in managing the conflicts of interest inherent in vertically integrated models, Commissioner Hayne has concluded in his ...

Kenneth Hayne
RBA announces cash rate rise

The central bank has lifted the official cash rate for the first time since November 2010, surprising industry pundits.

RBA
RBA cuts February cash rate

The central bank has reduced the official cash rate for the first time since August 2016.   

RBA
RBA announces February cash rate

The central bank has determined the cash rate for February, following its monthly board meeting.

RBA announces February cash rate
Bank satisfaction recovery could be short lived

Bank satisfaction rose in the last month of 2018 but the improved sentiment will likely be shortlived, Roy Morgan has predicted, as the fall out from the final report of the royal commission ...

Westpac, CBA, ANZ, NAB
Government cautioned as new data flags market dip

Policymakers have been urged to address concerns identified by the Hayne royal commission without “damaging” the economy, amid fresh figures that highlight the slowdown in the credit and ...

Parliament house
Banks send open letter to politicians

Policymakers have been urged to consider the broader ramifications of recommendations proposed by the financial services royal commission, ahead of the release of the final report.

mortgagebusiness
Non-bank clips mortgages rates

Non-bank lender Resimac is celebrating the success of its summer rate reduction by running an additional promotion for a limited time. The offer in December of a lead-in rate of 3.74% per ...

mortgagebusiness
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