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Showing 211 - 220 of 5967 results for "banks"

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... (RBA). In the RBA's September Financial Stability Review, it said the super sector's growth and connections to Australian banks has increased its importance to financial stability. " The sector has historically posed little risk to the financial system ...

Household wealth rises in June quarter

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... the COVID-19 pandemic matured on 30 June 2024, which it said impacted bank funding across financial markets. For example, banks exchange settlement accounts with the Reserve Bank of Australia fell $106.5 billion (-32.3%) as the $105 billion of securitised ...

Inflation cools but RBA unlikely to budge

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... October 17, there is little chance for an RBA pivot. "However, the RBA risks prolonged subpar growth by lagging global central banks and that is our primary worry." RSM Australia economist Devika Shivadekar said the RBA was left with "little choice" ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... regulatory framework and home ownership, HIA identified that a decade of additional costs has restricted competition among banks and made it increasingly expensive for them to lend to first home buyers. "Just as zero inflation is not the RBA's goal ...

Arrowpoint launches new fund

ELIZA BAVIN  |  WEDNESDAY, 18 SEP 2024
... is relatively low risk as we target secured lending to profitable businesses that have been often overlooked by the big banks. The major banks put a greater emphasis on corporate lending versus the SME space, which is where we are concentrate."

Scams prevention framework consultation released

ELIZA BAVIN  |  MONDAY, 16 SEP 2024
... have measures to prevent, detect, report, disrupt and respond to scams. The Minister said the framework will first apply to banks, telecommunications, and digital platform service providers - beginning with social media, paid search engine advertising ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... economy. "The economy has likely reached the bottom of the trough, while interest rates have now clearly peaked. Central banks around the world are cutting rates or are looking to do so," he said. "Remaining vigilant about inflation is an important priority. ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... internal structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks, insurers and superannuation trustees over the next four years". APRA's top priorities will include working with ASIC to ...

Economists hit back at RBA guidance

ELIZA BAVIN  |  TUESDAY, 27 AUG 2024
... policy." Aird said the RBA's forward guidance would mean that if the economic data over the near term evolves in line with the banks central forecasts, the cash rate would be left on hold until 2025 - something he disagrees with. "We continue to side ...

BlackRock launches new bond ETF

ELIZA BAVIN  |  MONDAY, 26 AUG 2024
... advisers and investor demand. "Bond yields globally are at decade-highs, and if inflation indicators continue to fall, central banks may proceed to cut official cash rates. We believe investors have a window of opportunity to move out of cash and into ...