News

Treasury will continue to engage with stakeholders leading up to the 5 October 2021 commencement

The bond purchase program will be extended, with the pace of purchases to be $4 billion per week from early September. The Bank has purchased $179 billion of longer term bonds since November 2020 under thebond purchase program, consisting of $142 billion of Australian Government Securities (AGS) and $37 billion of semi-government securities (semis). It… Read more »

More than 20,0000 customers have received hardship assistance during recent lockdowns, including just over 15,000 repayment deferrals on home and business loans.

APRA has released the final revised Prudential Standard APS 111 Capital Adequacy: Measurement of Capital (APS 111). APS 111 sets out detailed criteria for measuring an ADI’s regulatory capital. The revised APS 111 will come into effect on 1 January 2022.

Six of Australia’s largest banking and financial services institutions have paid or offered a total of $1.86 billion in compensation, as at 30 June 2021

Apple, Afterpay and many others like them are challenging the lucrative relationships banks have with customers.

For eligible borrowers, ADIs will not need to treat a repayment deferral as a loan restruct

Total residents assets increased by $118.6 billion or 2.6 per cent in June.

Full Transcript covering the ABA and Banks at the Joint Standing Committee on Trade and Investment Growth on Tuesday 27 July.

This paper shows that APRA’s 2014 and 2017 macroprudential credit limits quickly reduced housing credit growth in the targeted mortgage products.

update on key policy settings for the capitalframework reforms, which will come into effect from 1 January 2023.

“these options do give people you know, a breather, that’s what they’re designed to do, just take the load off for three months, while you get through everything else that you need to get through”