Economy

May 17 2017

The government has agreed (or agreed in principle) with all but one of the 10 recommendations made by the House of Representatives’ standing committee on economics’ review of the four major ...

May 16 2017

The CEOs of Australia’s major banks have sounded the alarm on rising funding costs as a direct result of the federal government’s levy, warning that customer lending will be impacted.

May 16 2017

China continues to be the largest source of investment in Australia with the latest FIRB figures showing a surge in real estate applications over the 2016 financial year.

May 16 2017

The Australian Banking Association’s chief executive Anna Bligh has written to Scott Morrison MP, asking that he immediately release Treasury modelling of the $6.2 billion big four bank tax ...

May 16 2017

If Australian Parliament passes legislation to extend the remit of the Australian Prudential Regulation Authority’s to cover non-banks, it would make RMBS deals less risky and “credit ...

May 15 2017

Following the news that the federal government will provide $2.6 million to the Australian Prudential Regulation Authority to “apply controls” to the non-bank sector, several non-bank ...

May 15 2017

The banking arm of a major financial services company has recorded a 5 per cent rise in its mortgage book in the first quarter of the year.

May 12 2017

The ratings agency has warned that measures announced by the government to improve Australia’s housing affordability problem will not fix the “build-up of latent risks” in the housing market

May 12 2017

The federal budget’s proposal to establish a complaints authority and banking executive accountability regime has been welcomed by stakeholders, who believe that it will quash calls for a ...