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| | The securitisation industry needs to increase the level of transparency in its investor reporting to overcome scepticism about securitised products, the Reserve Bank has warned. RBA assistant governor Guy Debelle told the annual conference of the Australian ... |
| | | Just as RAMS Home Loans Group chairman announced the home lender was no longer a going concern, the Australian Bureau of Statistics (ABS) has released new figures confirming that securitised asset levels in Australia are contracting on the back of the ... |
| | | The bancassurance model is alive and well. The Commonwealth Bank's life and general insurance business, Comminsure, has moved to do its own underwriting on its car insurance product because it believes it can get greater value out of its retail network ... |
| | | Bad transparency rather than bad lending products per se is what disrupted credit markets over the last three months, according to Macquarie Group managing director Allan Moss. "Transparency has been the key issue that has unsettled credit markets over ... |
| | | The securitisation market's peak body, the Australian Securitisation Forum, will rewrite disclosure standards for issuers of mortgage backed and asset backed securities in a bid to improve the marketability of local issuance in the global credit market. ... |
| | | Suncorp Metway managing director John Mulcahy told the annual meeting yesterday it expected the credit crunch to trim between $10 million and $15 million from the "bottom line full-year result" of the group's banking business, though Suncorp did not ... |
| | | Finance companies are losing market share in their biggest market segment, business lending, as the banks make an aggressive push for more SME and middle market business. According to KPMG's 2006/07 survey of finance companies, released yesterday, finance ... |
| | | Plenty of mortgage managers and second tier lenders have pushed home loan interest rates higher in recent weeks as they, or their funders, have passed on some of the rising cost of funds connected to the global liquidity crunch. Examples include South ... |
| | | As business models go, one of the all-time worst may be selling home loans on the internet. Countless online mortgage companies have come and gone. The big banks with active direct mortgage sales arms report that the contribution those businesses make ... |
| | | National Australia Bank and Westpac may not be that likely to wind up their contract to source stockbroking services from IWL even once Commonwealth Bank takes control of the supplier of broking technology solutions. That, at least, is the view of the ... |
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