News

23
Jun

APRA flags tougher capital requirements

APRA flags tougher capital requirements Some financial institutions may face additional capital requirements after the prudential regulator said many show the same weak risk-assessment capabilities it found last year at Commonwealth Bank. The Australian Prudential Regulation Authority said boards should expect “increased supervisory scrutiny” after it found their self-assessment procedures surrounding non-financial risk were not […]

20
Jun

‘Not at the level we aspire to’: BOQ

‘Not at the level we aspire to’: BOQ Bank of Queensland’s chairman says the regional lender has not performed as well as hoped, but he is optimistic its retail banking business can be reinvigorated over the next year. Roger Davis said in a letter to shareholders that customer acquisition and returns have been hampered by […]

19
Jun

Australian Prudential Regulation Authority moves to lower high home loan hurdles

Australian Prudential Regulation Authority moves to lower high home loan hurdles APRA has suggested banks change the way they assess customers’ ability to meet their mortgage repayments in a move the prudential regulator says would probably let people borrow more. The Australian Prudential Regulation Authority on Tuesday proposed removing guidance that customers should be able […]

19
Jun

APRA suggests easing mortgage criteria

APRA suggests easing mortgage criteria APRA has suggested banks change the way they assess customers’ ability to meet their mortgage repayments in a move analysts say will increase the amount people can borrow, and could even stem the fall in house prices. The Australian Prudential Regulation Authority on Tuesday proposed removing guidance that customers should […]

18
Jun

ANZ hires Ken Adams as its top lawyer

ANZ has appointed Ken Adams as its top lawyer to replace the retiring Bob Santamaria. Mr Adams, who has been a senior partner at Herbert Smith Freehills since 1998, has already advised ANZ on major legal matters including last year’s financial services royal commission. He will join ANZ in August ahead of Mr Santamaria’s retirement […]