The Financial Review has a strong reputation for journalism and is ranked as Australia’s leading business publication. The premium business masthead’s strength was recently reinforced when its journalism team won the Gold Walkley for the ‘Building Bad’ investigation exposing CFMEU links to organised crime.

Australian financial insights remain well positioned to continue providing credit to the economy in the face of rising interest rates, thanks to their prudent lending standards and high levels of capital and liquidity. The share of loans in arrears has risen, but is still very low. Banks are also able to access funding in wholesale markets through a range of options, including issuance of bonds.

During Low for Long, major banks focused on mortgage lending, taking advantage of structural advantages and the fact that they could achieve returns on home lending above their cost of funds. This strategy was a success during the period when global interest rates were low, but it has become harder to achieve this in a higher rate environment.

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As a result, the broader finance sector has become more cautious about lending. New data from the EFS collection, such as household interest rate information, has helped to improve understanding of these trends. This is a valuable new capability, and it will be important to maintain the quality of this data over time. Similarly, it is vital that work to standardise and improve disclosures about climate-related financial risks continues.