GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
631849

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

BFCSA Blog

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form
Subscribe to this list via RSS Blog posts tagged in APRA INERTIA
http://www.afr.com/f/free/blogs/christopher_joye/big_banks_may_need_more_capital_T6oXX7XL6wyoNp4J7SHFjL Big banks may need $41b more capital, UBS says PUBLISHED: 11 Sep 2014 10:30:55 | UPDATED: 12 Sep 2014 10:08:54 Christopher Joye   Karen Maley | Big banks at risk of ratings downgrade UBS’s top-ranked bank research team have almost doubled their estimates of the amount of capital Australia’s major banks may have to raise in response to David Murray’s financial system inquiry, from $23 billion to $41.1 billion. In a new report, UBS say that “given Australia’s unique situation as a small, commodity-based economy heavily reliant on foreign capital, with a very concentrated banking system, David Murray is likely to err on the side of caution. “We believe this means both higher mortgage risk weights and [capital] buffers despite the majors’ vehement objections.” Australia’s four major banks are pushing aggressively to avoid any increase in their core equity capital, which would immediately lower their leverage and world-beating returns on...
Last modified on
Hits: 1384 0 Comments
Rate this blog entry:
Continue reading
http://online.wsj.com/articles/australian-banks-warn-against-tougher-regulations-1409301494 Australian Banks Warn Against Tougher Regulations Australia's Big Four Argue Against Imposing Tougher Capital Buffers Aug. 29, 2014   MELBOURNE, Australia--Australia's largest lenders defended their ability to withstand any future banking crisis and warned against further moves to strengthen the financial system, in submissions published Friday to a government-backed review.  The country's so-called Big Four banks in submissions to the review of the financial system opposed the imposition of tougher capital buffers. They have also argued against the need to ring-fence investment banking operations and advised caution over introducing any creditor "bail-in" system.   "A compelling case has not been made that further strengthening would provide additional benefits to the financial system," Mike Smith, chief executive of ANZ, said in a submission published on the inquiry's website Friday, adding steps had already be taken by the banks and regulators that would protect the public from losses. The big banks and...
Last modified on
Hits: 1206 0 Comments
Rate this blog entry:
Continue reading
The three sister regulators are hopelessly politicized and useless.  APRA did not realise toxicity existed in RMBS Packages until we suggested as such in 2012 Parliamentary Senate Inquiry into Banking.  "Government cannot, ought not to profit from fraud."  Pretty basic stuff.  Groups telling APRA of fraudulent conduct complaints re TRIO Capital.  APRA says: "huh...please explain.....we are bit thick but we will redraft...."  and on it goes proving the high level of regulatory inertia (or corruption) in this country.    Its going to be an ugly consumer war indeed as the aggrieved will not stand for this nonsense, nor the regulatory clap trap for much longer.  Someone in Government has to take control of these Banks and Super Funds instead of the "tail wagging the DOG!!!!" Instead of watering down consumer protection laws, Joe Hockey and Mathias Cormann would do well to throw the bucket at the Banks! This email address is being protected from spambots. You need JavaScript enabled to view it. http://www.financialobserver.com.au/articles/legal-issues-finance-delay-trio-distribution Legal issues, finance delay Trio...
Last modified on
Hits: 3042 0 Comments
Rate this blog entry:
Continue reading