Welcome to the latest issue of our Banking Sector Newsletter, our last for 2021.
The Reserve Bank of Australia may need to increase interest rates earlier than it anticipates, the Organisation for Economic Cooperation and Development (OECD) has warned. The OECD says the RBA needs to be vigilant to signs of rising inflation.
Meanwhile the Australian Prudential Regulation Authority has released its final prudential practice guide on climate change financial risks. While not imposing any new regulatory requirements, the guide aims to assist banks, insurers and superannuation trustees to manage the financial risks of climate change.View PDF