Karen Maley | The Australian Financial Review | 10 May 2019 https://www.afr.com/business/banking-and-finance/phil-lowe-s-finger-hovering-above-rate-cut-button-20190510-p51m0d Australia is set to see interest rates hit fresh historic lows in coming months, unless strong jobs market and rising commodity prices come…
Michelle Grattan| The Conversation| 16 November 2018 The government has announced an extra $51.5 million to boost resources for the prosecution of criminal misconduct by banks and other financial institutions and the processing of civil…
Paul Johnson| The Conversation| 27 November 2018 Asked at the banking royal commission how long it might take to embed the right culture in the National Australia Bank, its chairman Ken Henry replied: ten years.…
The banking Royal Commission has unearthed some horror stories and some furphies. Last month, CBA revealed to the Commission that there are now 1300 brokers earning more than $1 million a year, and the top…
Rebecca Pike| Australian Broker| 18 October 2018 https://www.brokernews.com.au/news/breaking-news/open-banking-refinance-in-15-minutes-256287.aspx Open banking could see borrowers refinancing their home loans in 15 minutes, according to one panellist at a recent fintech summit. The event, held in Sydney on…
Rebecca Pike| Accredited Broker| 24 October 2018 https://www.brokernews.com.au/news/breaking-news/broker-role-vital-in-ccr-landscape-256510.aspx It has been nearly a month since the deadline for the major banks to share 50% of their credit information as part of the rollout of comprehensive…
Peter Beaumont| The Adviser| 25 September 2018 https://www.theadviser.com.au/blogs/38294-brokers-should-ready-their-business-for-ccr Brokers are being urged to review important business processes ahead of a new credit reporting framework coming into effect later this week. Comprehensive Credit Reporting (CCR) begins…
Rebecca Pike| Australian Broker| 20 August 2018 https://www.brokernews.com.au/news/breaking-news/introducing-ccr-lending-behaviour-253836.aspx The head of a credit reporting facility has said brokers will need to be aware of lenders’ new risk appetite, including risk-based pricing, after comprehensive credit reporting…
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