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Economy

Major bank shocked by APRA’s capital approach

The executive director of one of Australia’s biggest banks has expressed his concern over APRA’s decision to elevate the importance of ratings agencies in the risk assessment of mortgage ...

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Securitisation changes ‘would benefit smaller banks’

APRA’s proposed changes to Australia’s securitisation framework are a credit positive for banks, according to Moody’s Investors Service.

mortgagebusiness
Big growth forecast for smartwatch banking

The number of banking apps accessed via smartwatches will reach 10 million in 2017, and will rise to more than 100 million by 2020.

mortgagebusiness
Brisbane-Sydney price gap driving buyers north

Families from southern capitals are looking to the north for a better quality lifestyle at an affordable price, according to the chief executive of a Brisbane-based property group.

mortgagebusiness
APRA has allowed banks to ‘act in their own commercial interests’

A top economist claims the prudential regulator has “opened the door” for banks to hike rates out-of-cycle for their own commercial interests under the guise of macroprudential measures

mortgagebusiness
RMBS and ABS defaults to rise, covered bonds strong

The delinquency and default rates for Australian residential mortgage-backed securities (RMBS) and asset-backed securities (ABS) will rise slightly in 2016, according to Moody’s Investors ...

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AMP appoints non-executive director

AMP has appointed a new non-executive director to its board, following the departure of Paul Fegan.

mortgagebusiness
Scottish Pacific receives global recognition

The SME finance provider has been internationally acknowledged for its contribution and dedication to the trade finance sector at the annual Trade Finance Global Awards.

mortgagebusiness
Banks’ asset quality has peaked: Moody’s

Australian banks’ healthy asset quality has reached its peak, but they are well-capitalised to absorb any losses, according to Moody’s Investors Service.

mortgagebusiness
Homebuilding activity surges

An increasing number of new homes are set to come online, which should reduce shortages and ease price pressures.

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