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The regulator has outlined the purpose, design and scope of its climate vulnerability assessment to help regulated entities, including the largest banks, understand and manage the financial risks associated with climate change.
The Australian Prudential Regulation Authority (APRA) has published an updated Corporate Plan outlining how it intends to ensure the ongoing strength and...
Regulator APRA has raised the bar for all future entrants into Australia's banking sector, following the failure of Xinja.
Share Home lending restrictions successfully cooled the property market, but helped the big banks win mortgage customers at the expense of smaller competitors between 2014 and 2018, according to new research by the Reserve Bank of Australia. The research endorsing past limits on investor and interest-only loans will give regulators new evidence to consider after the RBA and Australian Prudential Regulation Authority signalled they could reimpose restrictions on riskier home lending if the property market keeps surging. The previous home lending restrictions ended in 2018, after Sydney and Mel...
Save Share Commonwealth Bank has led a rapid series of moves by Australia’s biggest banks to support customers as strict measures to contain the delta outbreak threaten to derail the economic recovery. Within 24 hours of the dramatic escalation of Sydney’s lockdown, banks had detailed measures including free overdrafts for small businesses, targeted home loan deferrals and had extended a promise not to evict customers from their homes. CBA chief executive Matt Comyn has extended a pledge it made at the height of the pandemic last year not to evict customers from their homes to the end of ...