APRA chairman Wayne Byers reflects on his proudest moments
As his term nears its end, the outgoing APRA chairman is confident the financial system remains sound and in good shape for his yet-to-be-named successor.
Source: afr.com
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Integrity on the line as bank regulator prepares to release annual data I Australian Rural & Regional News
The release of the Australian banking regulator’s annual points of presence data this week will be an integrity test for both its chairman Wayne Byres and Federal Treasurer Jim Chalmers.
Source: arr.news
Investors cautioned against rolling IO loans
The prudential regulator has flagged that investors relying on property sales to service consecutive interest-only loans is “not good banking practice”.
Source: mortgagebusiness.com.au
Calls for banker fines in Financial Accountability Regime
A Senate committee is examining the new law as consumer groups seek stronger personal liability after this was dropped from the bill by the previous government.
Source: afr.com
'Big shock coming': fixed-rate refinancers warned
There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted, recently. A ‘large cohort’ of fixed-rate borrowers whose loan terms mature next near wi
Source: mortgagebusiness.com.au