Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Let’s be clear, the floating of the new banking code is not bad, but is really is still setting a low bar and contains elements which most customers would already expect to see. This is not some radical new plan to improve customer experience, rather more recognition of the gap between bank behaviour and customer … Continue reading “The New Banking Code Is Simply The Minimum Customers Expect”
The House Of Representatives Standing Committee on Economics released its Major Banks Second Report in April 2017. Right over the Easter break and just before the budget! Its a pretty weak document, in that while the issues they raise are quite important they miss the core structural issues which beset the industry, from vertical integration, … Continue reading “Major Banks Second Report – Déjà Vu (All Over Again!)”
APRA has issued new guidance for residential mortgage lending and tabled proposed changes to the bank mortgage reporting framework. Actually this does not seem to move the risk dial very far, but makes earlier guidance more specific and tidies up what were previously ad hoc reporting requests. APRA has issued new draft guidelines for Residential … Continue reading “APRA Issues Revised Residential Mortgage Lending Guidelines”
Global keynote spreech by William Coen, Secretary General of the Basel Committee, at the Australian Financial Review’s Banking and Wealth Summit, Sydney, 5 April 2016. Introduction Good morning, and thank you for the opportunity to participate in this summit. It is a pleasure to be in Sydney. I would like to thank the Financial Review … Continue reading “The global policy reform agenda: completing the job”
Given the recent changes in the mortgage data set between owner occupied and investor loans, some would suggest the regulators have been flying blind. I discussed this with Ross Greenwood on 2GB tonight. Whilst that may be an overstatement, the reasons for the recent changes are beginning to become clearer. In a speech today RBA … Continue reading “Mortgage Data Quality Issues Hit Home”
Australian Households have some of the highest debt service ratios (DSRs) in the world according to a new database from the Bank for International Settlements. In this post we overview the BIS analysis and discuss some of the results. They confirm earlier analysis that households here are highly leveraged and so at risk should interest … Continue reading “How Much Income is Used for Debt Payments?”
The Keynote address by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Global Technology Law Conference 2015, Singapore, 29 June 2015 provides an great summary of the rise of FinTech. Technology is changing the way we live, work, and play. A sector where I believe technology is going to be … Continue reading “The Rise of FinTech”
Last month the results from the latest Dodd-Frank Act Stress Tests were released. Unlike the APRA tests the outcomes of which (other than high-level general comments), are totally secret; the results for individual banks are disclosed, allowing comparisons to be made. In addition, there is real focus on capital ratios, which in Australia according to … Continue reading “What Does The Fed’s Bank Stress Tests Tell Us?”
David Murray’s Speech to the Committee for Economic Development of Australia ‘Supporting Australia’s Economic Growth‘ coincided with the release of the Final Report of the Financial System Inquiry. First let me thank CEDA for being our host, once again, as we release the Final Report of the Financial System Inquiry. I’d also like to recognise … Continue reading “FSI – David Murray’s Speech”