Regulation

The regulator has revealed its final expectations for banks in relation to their preparedness for zero and negative interest rates.

Economists have speculated that interest rate hikes may be creeping closer than previously expected, as inflation has landed within the Reserve Bank’s target range.

The prudential regulator is giving banks additional time to implement several prudential standards for market risk, in response to “industry feedback”. 

The complaints authority has created seven new positions, including a senior ombudsman for credit, as part of a move to bring in more specialised expertise.

The state government has urged for a review of housing tax settings, stating the capital gains tax discount unfairly advantages investors and erodes affordability.

The latest index by the non-bank has suggested that home loans are at their most unaffordable for the first time in five years. 

The government has established a taskforce to look into bank branch closures in regional communities.

With low interest rates and income support expected to soon disappear, the major bank has released a revised dwelling figure.

The ACCC has confirmed that three of the big four banks are now accredited data recipients under the Consumer Data Right.

The central bank has refused to budge from its inflation target range and time frame to raise rates while acknowledging that less accommodative monetary policy could curb house price and ...