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Making news this week (ending 14 October)

Making news this week… Local impacts from a global recession discussed, the prudential watchdog has warned fixed-rate borrowers a 'big shock coming', the Federal Treasurer announces roundtable to target housing and much more.

Australia won't be "spared" global recession, Treasurer warns

While the world bank fears a global ‘recession’ is imminent, Australia's federal treasurer remains somewhat “optimistic”.

‘Big shock coming’: APRA warns fixed-rate refinancers

There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.

Loan arrears rates “likely to increase”: RBA

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A small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, the RBA has flagged.

Treasurer’s first investor roundtable to target housing 

Addressing barriers to investment in housing will be the subject of the first meeting of the Treasurer’s new investor roundtable next month, it has been confirmed.

Evolution of technology paramount for open banking: Frollo

The latest cyber security breaches have demonstrated the importance of constantly evolving technology, an open banking data recipient said.

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