Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The latest global bank ratings from S&P Global Market Intelligence has once again concluded that China’s big four state-backed banks are the world’s largest, via InvestorDaily. The big four – Industrial & Commercial Bank of China, China Construction Bank Corp, Agricultural Bank of China and Bank of China – posted a combined $13.647 trillion in … Continue reading “China’s Banks Remain World’s Largest”
The RBA released their minutes today, and they highlight the current tensions between the domestic GDP and labour market data evolve. But more negative news was recited in the minutes, and this suggests rate cuts, not rate rises. International Economic Conditions Members commenced their discussion by noting that the slower pace of global economic activity … Continue reading “RBA More Dovish?”
AFG provides fresh evidence of the fragile state of Australia’s home loan market emerged today, with new figures revealing national lending activity has slumped to the lowest levels in five years. Whilst its myopic in one sense as it tracks business via AFG, it does provide further evidence of the slowing pace. The AFG Mortgage … Continue reading “Home loan activity falls to lowest in five years – AFG”
The Australian Prudential Regulation Authority (APRA) has released details on the future role and use of enforcement activities in achieving its prudential objectives. Guiding principals include “risk-based”, “forward-looking”, “outcomes-based” and deterrence impact. Of course the question is, will it really make any difference? Here is the release. APRA’s new Enforcement Approach, published today, sets out … Continue reading “APRA Releases New Enforcement Approach”
Following an ASIC investigation, Citigroup will refund over $3 million to 114 retail customers for losses arising out of structured product investments offered by Citigroup between 2013 and 2017. Citigroup will also write to over 1000 customers remaining in the products to provide them an opportunity to exit early without cost. ASIC investigated Citigroup’s sale … Continue reading “Citigroup to refund over $3 million to clients”
A quick reminder we are running our live event tomorrow, where we update our property and finance scenarios and answer questions from the audience in real time. You can send questions beforehand, via the DFA blog, or in the live chat on during the session. Here is a direct link to the event (where you … Continue reading “A Quick Reminder – Live Event 16 April 20:00 Sydney”
ASIC has warned Australian financial services licensees that offer over-the-counter derivatives to retail investors located overseas could be breaking laws abroad, with Chinese authorities having alerted the watchdog that some online platforms have engaged in illegal activity, via InvestorDaily. Regulators in jurisdictions including Europe, Japan, North America and China have restricted or prohibited the provision … Continue reading “ASIC Warns On Overseas Derivatives”
According to Moody’s, on 10 April, Bank of Ireland Group plc, the holding company of Bank of Ireland, announced that it had entered a securitization agreement involving €370 million of legacy nonperforming buy-to-let mortgages. The transaction, which is scheduled to close on 18 April, is credit positive because it will reduce the bank’s problem loans … Continue reading “Bank of Ireland Securitises Nonperforming Loans”
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. The link to our upcoming live stream event on 16th April at 20:00 Sydney.
Domain released their preliminary results for today. The final results continue the trend of lowish total clearances on low volumes. National final clearance was 49.8% with 753 sales. Holidays of course get in the way at this time of year. Canberra listed 61, reported 44 and sold 27, with 12 withdrawn, giving a Domain clearance … Continue reading “Auction Results 13 Apr 2019”