from early next year, potentially by offering lower interest rates, due to a new data-sharing regime that will come into force, Moody's predicts.
It predicts these competitive pressures will persist this year and next, as banks fight more aggressively to grow in a slowing housing market, targeting owner-occupiers in particular. The government's plan to give consumers a "data right" from 2020 will likely add "further impetus" to price competition in mortgage lending, it says.
As well, the Reserve Bank has previously thrown its support behind open banking — a model that will ultimately be rolled out to industries including energy and telecommunications through what is known as a "consumer data right".
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Completely abhorrent': Julia Banks slams former Liberal colleague Gladys LiuJulia Banks has distanced herself from Liberal candidate Gladys Liu and her former colleague's remarks about LGBTI people. She is more than welcome to go back to China and never return. It would be a pleasure to have one less here. Much more interested in knowing whether juliabanksmp still believes she can live on the $40/day Newstart allowance Her comments were taken out of context were they ScottMorrisonMP ? The context of her virulent anti gay campaign during the marriage equality postal survey? My God you are a specious opportunist and bender of truth. Go Sco Mo!! As in begone!
Source: smh - 🏆 6. / 80 Read more »
'Completely abhorrent': Julia Banks slams former Liberal colleague Gladys LiuJulia Banks has distanced herself from Liberal candidate Gladys Liu and her former colleague's remarks about LGBTI people. Same same izzyfolau LiberalAus ScottMorrisonMP LiberalVictoria It's compulsort to love them or be run out of town. She should know better ANOTHER ONE taken out of context eh ScottMorrisonMP . You lot just can't help yourselves
Source: smh - 🏆 6. / 80 Read more »
'Independents Inc': Structures behind Steggall, Phelps, Banks and Yates spark AEC complaintThe Australian Electoral Commission has been asked to urgently investigate whether the arrangement 'circumvents' donation laws. Does anyone else find this ironic? The Libs are questioning campaign donations through formal processes. They must miss the good old days of anonymous brown paper bags. Helpiing to break the generational poverty cycle created by the Liberals over generations. Good on him. Any doubt that this low-life grub was anything BUT an “Anal Birth” has been well and truly dismissed!
Source: theage - 🏆 8. / 77 Read more »
Malcolm Turnbull's son reportedly campaigning for Julia Banks | Sky News AustraliaThe son of former Prime Minister Malcolm Turnbull is reportedly helping organise donations for Julia Banks' election campaign to remove Health Minister Greg Hunt from his seat.\n\nMs Banks has told the Sydney Morning Herald that Alex Turnbull has been giving her advice over the phone.\n\nMs Banks resigned from the Liberal Party in August last year amid claims of bullying and intimidation by her Liberal colleagues.\n\nImage: News Corp Australia \n TurnbullMalcolm juliabanksmp GregHuntMP Sounds like alexbhturnbull will be juliabanksmp puppet master? TurnbullMalcolm juliabanksmp GregHuntMP So? TurnbullMalcolm juliabanksmp GregHuntMP Good on him. I also see the LNP smear machine is up and running ang using its propaganda fourth estate Murdoch machine. I think we can expect at least daily bullshit burst from them for the duration
Source: SkyNewsAust - 🏆 7. / 78 Read more »
The convict who built a small empire on the banks of the River DerwentMost Tasmanians have heard of the suburb Austins Ferry, but do you know the story behind James Austin and his ferry?
Source: abcnews - 🏆 5. / 83 Read more »
'Independents Inc': Structures behind Steggall, Phelps, Banks and Yates spark AEC complaintThe Australian Electoral Commission has been asked to urgently investigate whether the arrangement 'circumvents' donation laws. This is one of those complaints which is lodged with the AEC purely to enable to the complainer to make a big noise about how he or she has lodged a complaint with the AEC. Can't trust the independents either.....all full of shit.....can't say I am shocked Libs are running scared. Go zalisteggall WarringahVotes auspol
Source: smh - 🏆 6. / 80 Read more »
Morrison backs investigation into 'Independents Inc' funding structures | Sky News AustraliaPrime Minister Scott Morrison has backed the Liberal Party's calls to investigate the funding structures of a number of high-profile independents, including Julia Banks, Zali Steggall and Kerryn Phelps.\n\nIt comes amid allegations Malcolm Turnbull's son has been helping to organise donations for Ms Banks' election campaign to remove Health Minister Greg Hunt from the Victorian seat of Flinders.\n\nMr Morrison argues the issue of 'Indepdenents Inc' remains a question which the independent candidates need to address.\n\nTaking to social media, Alex Turnbull appears to have denied claims of interference, arguing that the 'fact a number of independent campaigns use the same funding structure shouldn't be that shocking'.\n\nImage: News Corp Australia\n\n\n\n\n\n PaulineHansonOz drkerrynphelps “These people”...? Guess that says it all... PaulineHansonOz drkerrynphelps well after that i think phelps will romp in. PaulineHansonOz drkerrynphelps From the person whos vote just fell through the floor she would know, but thats to be expected when you try auctioning Australian gun laws for political donations
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Westpac follows CBA with fixed rate cutsWestpac is cutting interest rates on various fixed-rate mortgages by up to 0.2 percentage points, as it bets the Reserve Bank will stimulate the economy to allow banks to offer lower fixed borrowing costs | clancyyeates
Source: smh - 🏆 6. / 80 Read more »
Aussie bank returns and dividends could be hit by NZ requirements, say analystsThe Australian big four banks dominate the New Zealand market and will have to comply with increased capital requirements, which UBS analysts warn will have a bigger impact than they first thought.
Source: abcnews - 🏆 5. / 83 Read more »
Perfect Tiger photo melts the internetIt was one of those sports endings that will stick in the memory banks for years. Tuck it alongside those of a young Tiger Woods hugging his father at the 1997 Masters. Or the Tiger fist pump at the 2008 U.S. Open.
Source: newscomauHQ - 🏆 9. / 77 Read more »