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Regulation

Gaps in cyber security exposed by APRA
7 July 2023

The prudential regulator has identified areas in need of improvement through its study on the financial sector’s cyber resilience.

‘Not surprised’: ASIC review reveals hefty fees for First Nations
6 July 2023

An Indigenous wealth advocacy foundation calls for improved financial literacy support from banks in First Nations communities.

BNK fined for reporting failures
5 July 2023

The prudential regulator has slammed BNK with a $250,000 fine for failing to report data.

APRA bids farewell to deputy chair
30 June 2023

Deputy chair Helen Rowell has recently announced her departure from her position at APRA after serving 10 years.

Inflation falls, but is it enough to hold rates? Economists ask
29 June 2023

While economists had agreed the central bank would lift the cash rate in July, the latest inflation figures have some questioning.

New rules for bank branch closures set: ABA 
29 June 2023

Australia’s banking authority will soon introduce a new protocol to ensure banks communicate better when branches close.

ASIC to observe AI use in lending
22 June 2023

The regulator confirmed it will continue to look into how AI is being applied in regard to lending.

Foreign buyers to get a leg-up with new ATO process
19 June 2023

From the end of June, the Tax Office is digitising its interactions with foreign investors and their representatives.

Director banned from providing financial services: ASIC
16 June 2023

The regulator has banned the director of Foxi Capital AU Pty Ltd, Shaun Fox, from providing financial services for eight years.

CDR access should include loan processors: AMP Advice
15 June 2023

The trusted adviser model in open banking should be expanded to enable loan processors and practice managers to receive data, AMP Advice’s Phil Quin-Conroy has said.