Regulation

Criminal cartel case against banks dropped
14 February 2022
Criminal cartel case against banks dropped

Charges against Citigroup, Deutsche Bank AG and four senior banking executives alleging criminal cartel behaviour have been dropped by the CDPP.

Non-bank director’s ban upheld
9 February 2022
Non-bank director’s ban upheld

The Administrative Appeals Tribunal has upheld the banning of former Provident Capital MD Michael O'Sullivan from managing corporations.

RBA eyes lending standards amid credit rebound
7 February 2022
RBA eyes lending standards amid credit rebound

The Reserve Bank has emphasised the importance of lending standards as housing and business loans have bounced back following lockdowns.

ANZ calls September cash rate lift
3 February 2022
ANZ calls September cash rate lift

Economists from the big four bank believe the RBA will commence hiking the cash rate from September, tipping it will reach 2 per cent by the end of 2023.

ANZ’s owner-occupier home loan book squeezed
1 February 2022
ANZ’s owner-occupier home loan book squeezed

While its big four rivals steadily climbed in December, ANZ’s owner-occupier mortgage portfolio dipped.

NHFIC seeks more lenders for home-ownership schemes
1 February 2022
NHFIC seeks more lenders for home-ownership schemes

Non-major lenders have been asked to state their case, for why they should be able to offer mortgages backed by government schemes for first home buyers and single parents.

ANZ casts doubt on August cash rate hike
31 January 2022
ANZ casts doubt on August cash rate hike

Economists from the big four bank expect the Reserve Bank will hold off on raising the cash rate until wage growth accelerates, despite a spurt in inflation.

Labour shortages threaten Perth’s housing affordability: Report
18 January 2022
Labour shortages threaten Perth’s housing affordability: Report

Perth could face a housing affordability crisis, a new report has warned, as worker shortages have left over a third of the city’s apartment developments in the pipeline hanging.

Industry feedback invited on ‘complex’ financial services laws
14 January 2022
Industry feedback invited on ‘complex’ financial services laws

A government agency has asked financial services providers to chime in on current legislation, after it recently argued regulations for the sector are unnecessarily complex.

Housing market linked to birth rate: University of Sydney
13 January 2022
Housing market linked to birth rate: University of Sydney

Female home owners are more likely to have children as house prices increase, according to new research, with renters experiencing the opposite effect.