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NAB announces executive leadership appointment

The major bank has announced the latest of a number of changes to its executive leadership team.

NAB announces executive leadership appointment
ASIC mulls further action amid responsible lending loss

The corporate regulator has left the door open for a High Court appeal of the Federal Court’s decision to dismiss its responsible lending case against Westpac.

ASIC mulls further action amid responsible lending loss
Banks urged to dip into capital buffers to fuel lending

Lenders have been urged to leverage their strong capital positions to facilitate “the continued flow of credit” to households and businesses as part of a broader economic recovery effort

Banks urged to dip into capital buffers to fuel lending
Bank lowers LVR cap for owner-occupied lending

A non-major lender has reduced its risk appetite in response to market conditions, lowering its maximum LVR for lending to owner-occupiers.

Bank lowers LVR cap for owner-occupied lending
Auction volumes rise across capital cities

Auction volumes and clearance rates have continued their upward trajectory, rising again from the previous weeks’ numbers.

Auction volumes rise across capital cities
APRA defers Westpac investigation to ASIC

The prudential regulator has handed over its investigation of Westpac’s alleged breaches of the Corporation Act and the Banking Act to the corporate watchdog.

ASIC and APRA
Non-bank winds back lending restrictions

A non-bank lender has rolled back a number of credit policy changes it imposed in response to the COVID-19 crisis.

lending restrictions
Suncorp appoints former CBA exec

Suncorp Group has announced the appointment of Adam Bennett to the role of chief information officer.

Suncorp
ANZ joins peers, revises IO policy

The major bank has amended its assessment policy for interest-only home loans, in line with new regulatory guidance from APRA.

ANZ joins peers, revises IO policy
Westpac under more AUSTRAC investigation

A major bank has revealed that it is under further investigation by AUSTRAC after it self-reported a number of additional issues to the regulator.

Westpac
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