Lender

Westpac enforceable undertaking details revealed
4 December 2020
Westpac enforceable undertaking details revealed

The major bank will develop an integrated remediation plan on all activities related to risk governance and report to APRA each quarter as part of its court enforceable undertaking.

RBA backs responsible lending reforms
3 December 2020
RBA backs responsible lending reforms

The central bank governor has voiced his support for the proposal to scrap responsible lending laws “in the spirit of reducing unnecessary regulatory burden”.

Mutuals may need to prepare for mergers: APRA
3 December 2020
Mutuals may need to prepare for mergers: APRA

Customer-owned banks may need to look at merger options in their recovery plans should they seek to avoid failure in the event of a severe financial stress, the deputy chair of APRA has ...

How to keep your network in the loop on Government Guarantee Scheme loans
2 December 2020
How to keep your network in the loop on Government Guarantee Scheme loans

Promoted by ANZ – Business Loans 2021 offers Australian businesses an important opportunity for growth. The ANZ team can help brokers by proactively demonstrating what key funding ...

Deferral exits, expiries hit $100bn
2 December 2020
Deferral exits, expiries hit $100bn

Loan deferral exits have outweighed new entries for the fourth straight month in October, with $100 billion in loans expiring or exiting deferrals, according to new data.

ANZ, CBA continue mortgages growth: APRA
1 December 2020
ANZ, CBA continue mortgages growth: APRA

Owner-occupied loans held by ADIs have continued their upward trend over October, particularly at ANZ and CBA, new figures show.  

CBA-owned fintech backs home buying start-up
30 November 2020
CBA-owned fintech backs home buying start-up

A start-up company that purchases homes for home buyers has secured funding from x15ventures after winning the fintech’s program for entrepreneurs and start-up teams.

Major cyber breach in finance inevitable: APRA
30 November 2020
Major cyber breach in finance inevitable: APRA

To date, no APRA-regulated bank, insurer or superannuation fund has suffered a substantial cyber attack, but APRA executive board member Geoff Summerhayes has warned a lack of ...

Major cyber breach in finance inevitable: APRA
30 November 2020
Major cyber breach in finance inevitable: APRA

To date, no APRA-regulated bank, insurer or superannuation fund has suffered a substantial cyber attack, but APRA executive board member Geoff Summerhayes has warned that a lack of ...

Qld-based lender cuts fixed rates
27 November 2020
Qld-based lender cuts fixed rates

The member-owned bank has reduced rates on fixed rate and variable home loans in response to the RBA’s official cash rate cut announced on Melbourne Cup Day.