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Is it safe to switch to a smaller, cheaper mortgage lender?

Is it safe to switch to a smaller, cheaper mortgage lender? We’re sorry, this service is currently unavailable. Please try again later. Dismiss Opinion Normal text size Advertisement Hi Nicole, I’ve been getting itchy feet at Suncorp with my home loan because I see other rates that are so much better. I’ve recently found a provider called Reduce which has been receiving the Canstar best-home-loan rates for the past few years . and yet I’ve never heard of them. Would it be too dodgy to skip out on the big banks and use someone I’ve never heard of, just because they have the better rate? And how would I find out how credible these guys are? Thanks, Sal.

APAC insurance regulators response during coronavirus crisis

Regulation Interactive e-book Source: Asia Insurance Review | Nov 2020 Fitch Ratings’ Mr Jeffrey Liew believes believes the prompt response by most insurance regulators across the APAC region will help insurers weather some of their key business risks during the coronavirus crisis. Capitalisation, earnings and liquidity positions of some insurers could come under pressure from the financial-market disruption and economic strain caused by the pandemic.     Insurance regulators in most APAC countries have introduced measures to safeguard policyholder interests while ensuring industry resiliency. Most relate to policyholder protection, capital preservation and business continuity, supervisory relief to reduce the administrative burden on insurers and improvements to risk management, among other areas. 

APRA releases information paper on BEAR implementation at three large ADIs

Date Time APRA releases information paper on BEAR implementation at three large ADIs The Australian Prudential Regulation Authority (APRA) has released an information paper detailing the findings from its review of the implementation of the Banking Executive Accountability Regime (BEAR) by three of Australia’s largest authorised deposit-taking institutions (ADIs). APRA completed its implementation review of the BEAR at Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia (CBA) and National Australia Bank (NAB) in February 2020. Westpac Banking Corporation was not included due to an ongoing investigation into potential breaches of the Banking Act 1959. APRA’s review found that all three of the large ADIs had designed adequate frameworks to implement the BEAR and that this has helped to deliver:

Westpac CEO Keeps Focus on Risk Management Systems

Westpac CEO Keeps Focus on Risk Management Systems
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