The watchdog’s latest stress tests found that local banks could handle a severe recession while keeping their capital intact.
As house prices and new mortgage lending have tumbled,some in the financial markets are turning their gaze to a key policy that directly affects how much money banks will lend to home buyers.
Top regulator John Lonsdale says the wave of expiring fixed rate loans will cause difficulties for some borrowers,but the banking system will be resilient.
Some members at Australia’s largest superannuation fund are still having problems accessing their accounts online,nearly two months after a major tech upgrade sparked a number of ongoing issues.
Not-for-profit super funds are set to become even larger,making it harder for their retail rivals to compete.
The panel overseeing the RBA’s first independent review in 40 years may hand the government two sets of recommendations to overhaul the central bank.
One of the most memorable lines of the banking royal commission is still relevant to assessing how our super system is performing today.
Outgoing banking regulator Wayne Byres says the “Australian obsession” of housing had been a constant feature during his eight years in the role and that there are positives to falling prices.
Interest rate rises since May have cut the maximum people can borrow for a property by a fifth,the Reserve Bank has revealed.
It can feel like the Reserve Bank is not equipped to talk to everyday people whose everyday lives are affected by its actions.
Detectives and arson specialists are continuing to canvass the area to seek more information about the blaze at Cliff Road,Northwood.