Tue, 2nd Dec 2025

This podcast episode of the Weekly Finance News Wrap covers multiple critical financial stories in Australia. First, the Australian Securities and Investments Commission (ASIC) is pushing for stronger controls in the private lending sector, aiming to align it more steadily with traditional bank regulations. This move follows discrepancies noted in their practices. The episode also explored the rising trend of SMEs favoring non-bank lenders, as revealed by ScotPacs SME Growth Index. However, SMEs are reminded to assess non-bank loans carefully. The Reserve Bank of Australia highlighted the strength of Australia's financial system and the need for vigilance against international economic risks. The final segment discussed the surprising resignation of the CFO of Santos Limited, causing apprehension about the company's internal management and strategic direction.