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RBNZ tightens LVR to lower housing market risks
The Reserve Bank of New Zealand will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to...
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ASIC provides guidance on the new anti-hawking regime
The Australian Securities and Investments Commission (ASIC) has published updated regulatory guidance on the prohibition of hawking...
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CBA introduces flat rates for small merchants
CBA has announced new competitive flat rates for all in-store and online payment transactions for eligible merchant customers....
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Zip takes a stake in Indian BNPL platform
Buy-now-pay-later (BNPL) operator, Zip, has bought a minority stake in ZestMoney, one of the largest and fastest-growing BNPL...
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RBA: New tools could temper the risks of financial instability
Macro-prudential tools targeted at highly indebted borrowers should be considered if a booming housing market heightens the risks...
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Number of misstated home loans reaches new record
The share of home loans that are not completely factually accurate have reached a record high, according to a new survey by UBS...
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ABA launches a campaign to raise awareness of scams
With banks reporting a noticeable increase in scam activity since the start COVID-19, the Australian Banking Association (ABA) has...
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Competition watchdog thwarts Westpac’s PNG exit
Westpac and Kina Securities have called off a deal that would have seen Kina buy Westpac’s Pacific businesses after Papua New...
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Restack & Resume: How Banks are leaving legacy systems behind?
Virtually every aspect of life is moving online, bringing opportunities for banks but also challenges for those encumbered by...
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