The end of October data dump from RBA and APRA and the latest from the ABS, we see signs of economic slowing.
Go to the Walk The World Universe at https://walktheworld.com.au/
Tag: APRA
Superannuation: Trick Or Treat?
The Superannuation system is not fit for purpose, as many are finding out as balances decline, while fees do not but forced contributions increase. So today we look at data provided by APRA on fund performance (down more than 4% in the quarter to June 2022, and further now). And we feature an important contribution from Senator Gerard Rennick who addressed The Senate last week on this important issue.
Go to the Walk The World Universe at https://walktheworld.com.au/
APRA And The Mystery Of The Disappearing Branches! [Podcast]
AUSTRALIA’S banking regulator APRA is picking and choosing which banks it is allowing to get away with breaking the law by misreporting whether their sites offer cash service provided by a teller according to an important article in The Regional. Kudos once again to Dale Webster for highlighting this important issue.
Errors in hundreds of minor and foreign bank sites included in the Australian Prudential Regulation Authority’s points of presence data for years, even decades, have been corrected over the past 17 months after being exposed by The Regional in May 2021.
https://www.theregional.com.au/post/regulator-s-bank-data-inconsistencies-not-adding-up
https://www.theregional.com.au/post/apra-s-clean-up-of-bank-data-errors-leaves-statistics-in-chaos
Go to the Walk The World Universe at https://walktheworld.com.au/
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APRA And The Mystery Of The Disappearing Branches!
AUSTRALIA’S banking regulator APRA is picking and choosing which banks it is allowing to get away with breaking the law by misreporting whether their sites offer cash service provided by a teller according to an important article in The Regional. Kudos once again to Dale Webster for highlighting this important issue.
Errors in hundreds of minor and foreign bank sites included in the Australian Prudential Regulation Authority’s points of presence data for years, even decades, have been corrected over the past 17 months after being exposed by The Regional in May 2021.
https://www.theregional.com.au/post/regulator-s-bank-data-inconsistencies-not-adding-up
https://www.theregional.com.au/post/apra-s-clean-up-of-bank-data-errors-leaves-statistics-in-chaos
Go to the Walk The World Universe at https://walktheworld.com.au/
Byres Perspective On Housing
Departing Chair of Regulator APRA Wayne Byres had some interesting comments about housing and home prices. Perhaps lower home prices would be good!
Go to the Walk The World Universe at https://walktheworld.com.au/ Today’s post is brought to you by Ribbon Property Consultants.
Risks In The Mortgage Machine…
This is a compilation of the evidence APRA gave to the House Standing Committee On Economics on Tuesday. We pulled out the discussions relating to mortgages as rates rise.
They claim there is nothing to see yet, but it is worth listening to the gaps in their knowledge – which prompts me to ask – how would they know?
Go to the Walk The World Universe at https://walktheworld.com.au/
What A Fine Pickle We Are In: With Roger Brown [Podcast]
I caught up with Financial Sector veteran Roger Brown to discuss the rise and fall of Australian property, and the agencies responsible for the mess we are in.
Roger sheets much of the blame on APRA, plus poor policy from the RBA and Treasury.
The net effect is the disenfranchisement of younger households, and the creation of spurious “wealth”.
The truth is, many are going to find the next few years very tough, and there are risks to financial stability.
Roger is on Twitter as @bankcustomers
Go to the Walk The World Universe at https://walktheworld.com.au/
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What A Fine Pickle We Are In: With Roger Brown
I caught up with Financial Sector veteran Roger Brown to discuss the rise and fall of Australian property, and the agencies responsible for the mess we are in.
Roger sheets much of the blame on APRA, plus poor policy from the RBA and Treasury. The net effect is the disenfranchisement of younger households, and the creation of spurious “wealth”.
The truth is, many are going to find the next few years very tough, and there are risks to financial stability.
Roger is on Twitter as @bankcustomers
Go to the Walk The World Universe at https://walktheworld.com.au/
Credit’s Last Hurrah?
The June 2022 data is out from APRA and RBA relating to Housing Credit.
Signs of a slowing ahead, so this is a last hurrah! [Until the cut rates again…] Go to the Walk The World Universe at https://walktheworld.com.au/
Weird: Credit Is Easing While Job Vacancies Boom!
The latest credit data from the RBA and APRA show ongoing growth, though the rate is starting to ease, and will do so more as rates rise. The ABS data on vacancies reveals a significant number of jobs on offer. We suggest the low wage environment is part of the reason why people are not grabbing them. This could turn to custard quite soon now.
Go to the Walk The World Universe at https://walktheworld.com.au/
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