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Canberra dismisses bubble fears as Australian property boom continues despite pandemic

The Straits Times The Australian property market is defying the naysayers.PHOTO: AFP https://str.sg/JyZK They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. Let s go! Spin the wheel for ST Read and Win now.

Macquarie sanctioned by Apra over regulatory breaches

By Frank Jackman 11.30 AM The Australian Prudential Regulation Authority (Apra) hit Macquarie Bank with a A$500m ($378.4m) capital charge on Thursday, having uncovered serious faults in the firm s risk management practices. The announcement came a day after the bank paused its return to the sterling bond market. The Australian regulator said that it had increased Macquarie’s liquidity and operational risk capital requirements in response to multiple breaches of prudential and reporting standards.“The enforcement action relates to the incorrect treatment of specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure . Already a subscriber?

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