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Regulation

RBA delivers new financial year rate decision
6 July 2021
RBA delivers new financial year rate decision

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 join open banking regime
2 July 2021
Non-major banks join open banking regime

Non-major banks and other brands have commenced sharing data as part of the new phase of open banking, effective 1 July 2021.

APRA confirms risk weight for Family Home Guarantee
29 June 2021
APRA confirms risk weight for Family Home Guarantee

The prudential regulator has confirmed the risk weighting for loans originated by lenders under the government’s Family Home Guarantee program.

AUSTRAC to face parliamentary scrutiny
25 June 2021
AUSTRAC to face parliamentary scrutiny

The effectiveness of the financial crimes regulator is set to go under the microscope in a new parliamentary inquiry.

Senate greenlights regulator of regulators
24 June 2021
Senate greenlights regulator of regulators

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.

CBA hikes floor rate, predicts 2022 rate rise
24 June 2021
CBA hikes floor rate, predicts 2022 rate rise

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 ...

NAB settles BBSW class action
21 June 2021
NAB settles BBSW class action

The major bank has reached an agreement to settle a class action in the US over the bank bill swap rate.

RBA monitoring household debt, not house prices
21 June 2021
RBA monitoring household debt, not house prices

The central bank has said that it is closely watching the uptick in household borrowing for home loans but repeated that it does not, and should not, target house prices.

APRA revokes bank licence
11 June 2021
APRA revokes bank licence

A foreign bank has had its Australian banking licence revoked by APRA after it pulled out of the Australian market.

NAB recruits former AUSTRAC chief
11 June 2021
Paul Jevtovic

The big four bank has hired the former boss of AUSTRAC as the regulator has launched an investigation against NAB for potential anti-money laundering breaches.