At least ten cents in every dollar of superannuation assets is indirectly financing house purchases via commercial bank debt.
What critics of the plan to use superannuation for housing miss is that Australia’s super system already channels a significant proportion of retirement savings into housing.
APRA chairman Wayne Byres is leading a crackdown on interest-only loans, but it may not be enough to cool some parts of the housing market.
Negative gearing plus inadequate supply plus low wage growth equals financial distress.
APRA and its chairman Wayne Bryes may be more prescriptive on lending rules in an attempt to curb rising house prices.
The government's unwillingness to consider changing the tax system to fix housing affordability makes it more likely that APRA may have to become even more prescriptive with its lending criteria.
Australian banks’ capital levels must be ‘unquestionably strong’, according to the Financial Systems Inquiry.
Some argue, determinedly and erroneously, that when functioning correctly bank capital levels are almost magical things.
With investor lending taking off again, the regulator could impose tighter constraints on bank lending.
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Investor loans are on the increase again, causing pause for the regulators.
Home owners will bear the brunt of the new lending restrictions from APRA when it’s lenders who should be penalised.
APRA has updated its guidance to lenders on concerns about the risks to financial stability from the housing market, but it should be focusing more on the banks, not hurting those with a mortgage.
Mortgage tracker rates follow the cash rate.
Business Briefing: rate tracker mortgages.
The Conversation 16.3 MB (download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
The Australian Prudential Regulation should be put up for a capability review.
Just when we all thought that the Australian Securities and Investments Commission (ASIC) had already won the race to be most ineffective regulator of the year, up pops the Australian Prudential Regulation…
New ASIC regulations aim to improve transparency in the life insurance industry.
Data on the outcomes of life insurance claims will not only help individual customers but also financial advisers and super funds acting on behalf of consumers.
NAB CEO Andrew Thorburn defended the culture of the bank he works for during the House of Representatives Standing Committee on Economics annual public hearing.
As the chief executives of Australia's big four banks come before a House of Representatives economics committee, we ask a panel of experts what questions the banks should be answering.
Just like the characters of The Big Short, its time to pick up the warning signs of a global financial crisis.
The financial products offered by the shadow banking sector allow investors to be further removed from their investments and banks to escape regulation, increasing the risk in the sector overall.
Increased requirements from APRA could have been a good thing for Australia’s big four banks.
Australia's big four banks are managing risk well, this could be contributing to their strong performance.
Westpac Chief Executive Officer Brian Hartzer gave excuses for traders behaviour in regards to the BBSW benchmark.
With all the weight of evidence stacked against the banks in the case of BBSW benchmark, surely now is the time for the government to enforce regulation.
It may be the effect of the election but the regulation of banking in Australia appears to be descending into farce. Just last week, maybe in anticipation of adverse events to come, the Australian Financial…
In announcing new money for the Australian Securities and Investments Commission, the Treasurer and the Minister responsible Kelly O’Dwyer executed a synchronised back flip with tuck, declaring that “The…
Was Scott Morrison right about the powers of ASIC?
After Labor proposed a royal commission into the banking industry, Treasurer Scott Morrison said the Australian Securities and Investments Commission (ASIC) has all the powers of a royal commission and more. Is that right?
The banking sector has problems, but a Royal Commission isn’t the answer.
Royal Commissions work best when one specific issue can be addressed, rather than a wide range of problems.
It’s stormy conditions in share markets and a competitive sector, not natural disasters, that will define the outlook for the insurance sector.
The outlook for the insurance sector will depend less on natural disasters and more on how the big insurers respond to smaller competitors and the use of technology in assessing policies.
Former ANZ chief Mike Smith remains as a ‘non-executive advisor’ to the bank’s board.
Unethical behaviour by bankers represents a systematic risk to banks, and causes widespread harm.
Large Australian banks are being required to significantly increase their levels of equity capital.
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Investors may not like it but Australian banks have been given little choice by the prudential regulator other than to undertake capital raisings.