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APRA stands by risk modelling

Risk modelling may have gone from the “penthouse to the doghouse” in the wake of the global financial crisis, but APRA chairman Wayne Byres continues to support the practice.

Peer-to-peer lender joins ARCA

The Australian Retail Credit Association (ARCA) has welcomed peer-to-peer (P2P) lender MoneyPlace as its newest member.

ANZ to repay customers $13 million

Around 20,000 ANZ customers will be compensated approximately $13 million after the bank failed to apply bonus interest to its Progress Saver accounts (PSAs).

Firstmac completes $500m RMBS deal

Non-bank lender Firstmac has successfully placed and priced a residential mortgage-backed securities (RMBS) deal worth $500 million despite ...

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