APRA

The regulator has granted a restricted ADI licence to a new bank for the Australian market.

The regulator has recorded further growth in the overall loan book size of Australia’s banks during November 2023.

APRA statistics have revealed that Australian banks’ owner-occupier loan books grew by over $5 billion in August.

All major banks recorded mortgage loan book growth in January, as the regulator reveals the latest statistics for ADIs.

The regulator has revealed it has “no such plans” to introduce new regulations to combat risks presented by AI.

The financial system will undergo its first system-wide stress test in 2025, the prudential regulator has announced.

The prudential regulator has announced four new executive appointments as well as changes to the structure and responsibilities of its executive team.

Changes are coming into motion after the recent announcement that the government will be looking into lending regulations to allow Aussies with HELP debt to take out home loans.

Deputy chair Helen Rowell has recently announced her departure from her position at APRA after serving 10 years.

More than 400 bank branches closed across Australia in the year to 30 June 2023, despite three of the four major banks halting closures amid a regional inquiry.

The prudential regulator is launching a public consultation on its ‘points of presence data’, as recommended in a regional banking report.

APRA’s decision to maintain its serviceability buffer has sparked strong criticism from brokers, especially regarding its impact on home ownership.

APRA has confirmed it has removed restrictions to an RADI, allowing it to operate as a fully fledged bank.

A new bank has been formed after the prudential regulator has granted it a full banking licence without restrictions.

The prudential regulator has decided to maintain the mortgage serviceability buffer at 3 per cent.