News

The value of new loans for investor housing rose 2.1 per cent to $8.1 billion in April, the highest level since mid-2017, the ABS said on Friday.

AUSTRAC has released a new financial crime guide about the dangers of ‘cuckoo smurfing’.

Monthly and quarterly estimates of turnover and volumes for retail businesses, including store and online sales.

On 2 June 2021, the Financial Stability Board (FSB) announced that all new use of LIBOR benchmarks should cease as soon as practicable.

“I’m urging anyone who has been affected by the mouse plague to get in touch with their bank and find out about the assistance on offer.”

Analysis shows that Australian and New Zealand banks are leading the way in the Asia-Pacific.

The ABA and consumer groups including the Financial Rights Legal Centre said in submissions to Treasury last week the proposed opt-out model conflicts with core privacy principles and the competition regulator’s push in the Digital Platforms Inquiry for stronger consent protections.

APRA is testing what would happen to Australia’s economy if climate change creates a ‘hot house world’ with temperatures more than 3 degrees higher than the Earth’s current average.

“There is absolutely no doubt the face of banking in this country is changing and it’s changing very, very quickly.”

New data shows debit cards are the clear choice of payment in post-COVID Australia, outweighing credit cards by almost three times, while cash use has significantly declined.

APRA published a speech on Thursday 27 May given by Executive Director, Superannuation Division, Suzanne Smith to the ASFA Spotlight on Risk & Compliance event. In the speech she gives detail on APRA’s definition of risk culture and an explanation of some of the dimensions. A snapshot: APRA’s chief concern when it comes to misconduct,… Read more »

ARNECC has published a further Interoperability Progress Update on interoperability in the electronic conveyancing marketplace.