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Regulation
Dr Guy Debelle has been reappointed as the central bank’s deputy governor for another five years, effective in September.
The Reserve Bank governor has insisted that Australia is unlikely to reach the prerequisites for raising the cash rate sooner than 2024, despite clashing industry speculation.
The Australian Banking Association has commissioned an independent review of the Banking Code of Practice, with an industry consultation calling for submissions.
The RBA has announced its decision for the official cash rate for July, as well as changes to strategies around its government bond-buying program.
Non-major banks and other brands have commenced sharing data as part of the new phase of open banking, effective 1 July 2021.
The prudential regulator has confirmed the risk weighting for loans originated by lenders under the government’s Family Home Guarantee program.
The effectiveness of the financial crimes regulator is set to go under the microscope in a new parliamentary inquiry.
The Senate has passed a bill that will establish an authority that ASIC and APRA are accountable to, two years after it was recommended by the banking royal commission.
The big four bank has said that it has increased its serviceability floor rate to ensure it continues to lend responsibly, and has predicted that the cash rate will rise to 1.25 per cent by ...