Economy

Macro-prudential measures imposed to address “systemic risks” in the mortgage market had no “undue” impact on the flow of credit, APRA has said.

Teachers Mutual Bank has received certification from the Responsible Investment Association Australasia (RIAA) for its mortgages, retail deposits and wholesale funding.

The wealth giant has revealed that its underlying profit dropped by more than 34 per cent to around $680 million in 2018, due to costs arising from the royal commission response, a portfolio ...

The chief economist of a building association has noted that new home building in Australia could be facing its “toughest year in almost a decade” with declining house prices and the fallout ...

Most Australians are not taking enough small steps to improve their financial situation despite it being one of the top things they care about, a new report has found.

All of Australia’s five major housing markets have been classed as “severely unaffordable”, with its median house price 5.7 times the nation’s median household income, according to a new ...

The ABA has told government that the upcoming Consumer Data Right could have a “revolutionary impact” on competition, but privacy should be prioritised.

Shadow Treasurer Chris Bowen has written to Treasurer Josh Frydenberg urging him to release the final report from the financial services royal commission upon receipt rather than delaying.

The financial services royal commission will “undoubtedly” set a new wave of compliance burdens in motion, which could deliver “unintended consequences”, according to a banking fintech

While AI promises to transform the property purchasing and selling process, including compliance, lenders have been “fairly slow” in leveraging its potential, a CoreLogic executive has said