Homes lingering on market for longer
The median time on market for a residential dwelling has almost doubled, reflecting subdued demand for housing amid falling property prices,...
Major banks endorse UN’s responsible banking principles
NAB and Westpac are among the 56 banks to endorse the United Nations’ Principles for Responsible Banking that will be launched in September.
Pepper, Mortgage House RMBS issuances get rated
Standard & Poor’s has assigned definitive ratings to the latest residential mortgage-backed securities issuances of Mortgage House and Pepper Group.
CBA weaknesses ‘not unique’ in industry: APRA
The prudential regulator said the self-assessments carried out by financial institutions have shown that CBA is not the only one in the indu...
Financial literacy ‘not a substitute’ for regulation
The chair of a European-based financial regulator has defended ASIC’s new regulatory remit in response to suggestions that a renewed focus...
AFCA on the hunt for new recruits
The dispute resolutions body is seeking recruits for several newly created senior positions to support its transition into a new phase of operation.
Big banks can handle fintech competition
Australia’s large banks have the financial resources to compete with emerging fintechs, while smaller banks may be left behind, according to a new Moody’s report.
Investors ‘ready to go’ with certainty restored
The Coalition government’s return to office has lifted the sentiment of property investors, which is likely to trigger a “bounce” in m...
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