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Economy

Election 2019: What to expect from the new government
20 May 2019
Election 2019: What to expect from the new government

The results of the federal election are in. We outline what the new government’s focus will be for the mortgage industry and property market.

Pepper Group prices RMBS issue at $750m
20 May 2019
Pepper Group

The specialist lender has priced its third residential mortgage-backed securities issuance of 2019 at $750 million.

YBR to offload wealth business to focus on mortgages
17 May 2019
YBR to offload wealth business to focus on mortgages

Yellow Brick Road Holdings Limited has announced that it is to create a “much simpler business” by disposing of its head office wealth business functions and focusing on mortgages.

Global collaboration needed to mitigate cyber threats
17 May 2019
Global collaboration needed to mitigate cyber threats

The finance industry, regulators and governments need to work collaboratively to fight cyber crime, but industry should not be “afraid of the risk”, the ASIC Forum 2019 has heard.

CBA and World Bank facilitate blockchain-powered bond transaction
17 May 2019
CBA

The institutions have partnered and successfully completed a secondary bond transaction using blockchain ledger technologies to record the trading activity for the first time.

Bank appoints new CEO - 2019
16 May 2019
Bank appoints new CEO - 2019

Citi has announced a new CEO for its Australian business following David Livingstone’s move to become Citi’s CEO for Europe, Middle East & Africa.

Housing market ‘green shoots’ beginning to emerge
16 May 2019
Housing market ‘green shoots’ beginning to emerge

The housing market is showing signs of recovery, but a “V-shaped” reversal from the current trend is unlikely, according to a new analysis from ANZ Research.

Below target wage growth not enough to sway RBA
16 May 2019
Missed target

Another economic indicator has fallen below target, but it may not be enough to provide the Reserve Bank with a “clear signal” when assessing its monetary policy options, according to an ...

Decline in building approvals exceeds HIA expectations
16 May 2019
Construction of apartment

The low number of building approvals in the first quarter of 2019 is a matter of concern for the Housing Industry Association, as the decline is worse than what it had expected.

2 in 5 financial sector data breaches due to human error
15 May 2019
Data

Two in five data breaches in the financial services sector are attributable to human error, a new OAIC report has concluded.