Regulator says merits of a single floor rate have been "substantially reduced"
Industry reacts to election result that defied opinion polls, and calls for further action
New appointment to usher non-bank lender into next phase of growth
APRA has authorised the foreign ADI to operate across “a number of sectors”
False documentation caused Westpac to finance over $17m in home loans
Group general counsel and company secretary Brian Salter will also leave the company
He has also officially sold his interests in the company to 'give back to the new guys'
It has made the decision in order to align itself with evolving industry practice
The bank has been forced to apologise over the last two weeks and CEO Craig Meller stepped down
The move comes at a time when “PAYG and credit impaired customers are affected by the tightening criteria of traditional lenders”.