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Economy

Risks could derail global bank progress: Moody’s
10 December 2015
mortgagebusiness

Moody’s Investors Service believes that while banks in many countries have improved their capitalisation and strengthened their balance sheets, key risks could derail their progress.

ACCC appoints its first chief economist
9 December 2015
mortgagebusiness

The Australian Competition and Consumer Commission has announced that it has appointed Dr Graeme Woodbridge as its new chief economist.

New home sales continue to fall
9 December 2015
mortgagebusiness

A new report from the Housing Industry Association (HIA) has revealed a further decline in new home sales over the month of October. 

Major bank shocked by APRA’s capital approach
8 December 2015
mortgagebusiness

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 ...

Securitisation changes ‘would benefit smaller banks’
8 December 2015
mortgagebusiness

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

Big growth forecast for smartwatch banking
8 December 2015
mortgagebusiness

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

Brisbane-Sydney price gap driving buyers north
8 December 2015
mortgagebusiness

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.

APRA has allowed banks to ‘act in their own commercial interests’
7 December 2015
mortgagebusiness

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

RMBS and ABS defaults to rise, covered bonds strong
7 December 2015
mortgagebusiness

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 ...

AMP appoints non-executive director
7 December 2015
mortgagebusiness

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