Economy

May 24 2016

ASIC chairman Greg Medcraft has announced he will not seek a further term as chairman of the International Organization of Securities Commissions (IOSCO).

May 24 2016

A second property organisation has come to the defence of investors in the wake of the industry’s debate on housing affordability, and has outlined two strategies to tackle the issue.

May 23 2016

Increasing regulatory capital requirements could erode the strategic importance and creditworthiness of the big four banks’ subsidiaries, according to a major credit ratings agency.

May 23 2016

The Australian Bankers’ Association (ABA) has appointed an independent expert to oversee the implementation of recently introduced measures by banks to protect consumer interests.

May 23 2016

Standard & Poor’s (S&P) has assigned a AAA credit rating for three classes of Firstmac’s prime residential mortgage-backed securities (RMBS).

May 20 2016

With bank culture under increasing scrutiny, one chief executive has identified the disconnection between what a company says its culture is and how it actually behaves.

May 20 2016

Marketplace lending platform DirectMoney has been forced to offload some of its business to another lender to cope with an excess of loan applications.

May 20 2016

Moves by governments and banks that make it more difficult for foreign investors to purchase new property could lead to higher prices, one real estate group has warned.

May 20 2016

HSBC Australia chief economist Paul Bloxham says this month’s RBA rate cut was a close call, and the central bank is likely to wait until the second quarter inflation figures are published ...