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RC reforms would not ‘sound death knell’: Deloitte
Commissioner Hayne’s call for a borrower-pays remuneration model and introduction of a “best interest duty” for brokers will not destroy the viability of the broker ...
COMPLIANCE • Sun, 10 Feb 2019
Comyn mulling RC impact on demerger
The Commonwealth Bank CEO is considering the impact of the banking royal commission’s recommendations concerning broker remuneration on the group’s planned demerger of ...
LENDER • Thu, 07 Feb 2019
RBA reveals cash rate verdict
The central bank has determined the cash rate for February, following its monthly board meeting.
GROWTH • Tue, 05 Feb 2019
Banks send open letter to politicians
Policymakers have been urged to consider the broader ramifications of recommendations proposed by the financial services royal commission, ahead of the release of the ...
LENDER • Sun, 03 Feb 2019
Bank announces 18 bps rate rise
The second wave of out-of-cycle rate hikes has continued, with a non-major lender lifting its mortgage rates by up to 18 basis points.
LENDER • Fri, 01 Feb 2019
$83bn SME funding gap exposed
New research has shed light on credit constraints in the SME space, compounded by a lack of trust in banking institutions.
GROWTH • Thu, 31 Jan 2019
Non-bank appoints new GM
A non-bank lender has appointed its head of mortgage distribution as its new general manager.
LENDER • Thu, 31 Jan 2019
Banks buck trend and cut rates
Three non-major lenders have announced reductions to their mortgage rates of up to 32 basis points, despite out-of-cycle rate increases from competitors.
LENDER • Wed, 30 Jan 2019
Loan Market adopts ‘whistleblower’ platform for brokers
The major brokerage has announced the introduction of a new whistleblower protection platform ahead of the federal government’s implementation of new reforms.
BROKER • Mon, 28 Jan 2019