1APRA grants banking licence to foreign lender ...
- The prudential regulator has granted a foreign ADI licence to a France-based lender. The Australian Prudential Regulation Authority (APRA) has granted Societe Generale a licence to operate as a foreign ...
- 17 May 2019 in News
2Decline in building approvals exceeds HIA expectations
- ... and owner-occupiers are delaying purchase decisions, and foreign investment has also fallen dramatically due to a range of government restrictions,” Mr Reardon said. The chief economist noted that, at ...
- 16 May 2019 in News
3Falling house prices ‘most serious threat’ to credit
- ... risks”, and “foreign interest in Australian assets” – as “important” to supporting the nation’s credit markets. However, the investors polled were more optimistic about employment, with none predicting ...
- 10 May 2019 in News
4Margin squeeze to persist as majors tackle credit ‘headwinds’
- ... facing a stricter executive pay framework (BEAR) and more onerous regulatory regime at the same time as the market is opening up to increased competition from non-banks and foreign banks,” Mr Dring continued. ...
- 08 May 2019 in News
5Rate cuts not the solution: Westpac CEO
- ... finance providers were benefiting from the tighter regulatory conditions imposed on authorised deposit-taking institutions (ADIs). “We’re seeing very aggressive growth in the home market from foreign ...
- 07 May 2019 in News
6APRA consults on BEAR obligations for smaller ADIs
- ... subsidiaries of ADIs. For foreign ADIs, non-variable remuneration is any amount that: is paid or payable to the accountable person by the foreign ADI or a related body corporate of the foreign ...
- 02 April 2019 in News
7Long-term Macquarie executive to step down
- ... on 31 March 2019. While he will leave his role as head of CGM – which brings together Macquarie’s execution, research, derivatives, trading, fixed income, foreign exchange and commodities businesses ...
- 28 March 2019 in News
8Mortgage lender pulls out of market
- ... According to the most recent Foreign Investment Review Board (FIRB) annual report, released last month, the value of approved residential real estate applications from overseas buyers declined by $17.5 ...
- 25 March 2019 in News
9Slowing credit growth ‘credit negative’ for banks
- ... of potential changes to negative gearing and capital gains taxes, reduced interest from foreign investors, and banks tightening their underwriting criteria in response to the royal commission”. “Specifically, ...
- 12 March 2019 in News
10Westpac not worried about waning house prices
- ... this as a natural response to a recent increase in the supply of housing, along with a fall in foreign investor demand and increased uncertainty about future returns from housing investment after a significant ...
- 11 March 2019 in News
11RBA insists housing slump won’t ‘derail’ economy
- ... while shifts in population growth following the end of the mining boom affected property prices in Perth and Darwin, a decline in foreign investment activity and housing affordability pressures placed ...
- 07 March 2019 in News
12New home building activity could fall 15% this year
- ... “In 2018, market confidence fell away as dwelling prices corrected, adversely impacting all segments of the market. Investors and owner-occupiers are delaying purchase decisions, and foreign investment ...
- 01 March 2019 in News
13Housing reforms to fall short of objective, finds survey
- ... a few years ago when Australia’s residential property market was in a very different state. “Since then, we’ve seen banks tighten up their lending, as well as changes to foreign investment rules, along ...
- 27 February 2019 in News
14Price falls in Sydney and Melbourne ‘unusual’: RBA
- ... eventually led to a sizeable increase in supply, but this had taken longer than in previous cycles.” According to the central bank, the “noticeable decline” in demand from foreign buyers has also weighed ...
- 20 February 2019 in News
15Bank thickens mortgage book by 20%
- ... of period-end reviews and the completion rate of transactions market conditions the impact of foreign exchange potential regulatory changes and tax uncertainties geographic composition of income ...
- 14 February 2019 in News
16Government cautioned as new data flags market dip
- ... “Tight credit conditions, weakening consumer sentiment, less domestic and foreign investment and higher levels of housing supply are the primary drivers of the worsening conditions.” Reacting to the ...
- 04 February 2019 in News
17Finance players honoured in Orders of Australia
- ... of Australia’s financial system and increasing the robustness of Australia’s foreign investment framework during his 30-year career at the Australian Treasury. “Mr Lonsdale’s work in 2010 leading the ...
- 31 January 2019 in News
18New home building ‘facing toughest year in almost a decade’
- ... of strong population growth, big house price gains, super low interest rates and keen demand from foreign buyers. “Several of the ingredients that made up this favourable mix are no longer in place. ...
- 29 January 2019 in News
19Citi Australia on look out for new chief
- The global investment bank is set to begin its search for a new chief, after its CCO was appointed to head one of its foreign divisions. Citi has revealed that pending regulatory approval, the chief ...
- 21 January 2019 in News
20Loans to linger in arrears for longer: Fitch
- ... to be released in February, would also trigger a new phase of credit tightening. Fitch concluded that restrictions on investor lending, through regulatory tightening, government levies on foreign investors, ...
- 18 January 2019 in News