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Regulation

Financial regulators on watch for cracks in mortgage market

The financial watchdogs have remained wary of risks to the housing market as cash rate rises flow through to mortgage customers.

Financial regulators on watch for cracks in mortgage market
RBA appoints assistant governor

The Reserve Bank has appointed Dr Bradley Jones as assistant governor.

Bradley Jones
UK to tighten BNPL regulations with ‘affordability checks’

The UK government has outlined plans to require buy now, pay later providers to ensure their customers can afford their repayments.

UK to tighten BNPL regulations with ‘affordability checks’
Fed raises US interest rate by 75 bps

The US central bank has opted for its largest interest rate hike in almost 30 years, in an effort to squash surging inflation.

Fed raises US interest rate by 75 bps
Trio cop charges over mortgage scam

Three people have been charged with criminal breaches of directors’ duties, over “interest-free” mortgages offered by their unlicensed lender.

Trio cop charges over mortgage scam
Calls for monthly inflation data as cash rate ascends

With inflation being critical to the Reserve Bank’s interest rate decisions, accountants have urged the government to increase the frequency of CPI reporting.

Calls for monthly inflation data as cash rate ascends
ASIC slaps online lender with lawsuit

ASIC has launched a civil lawsuit against online personal lender Sunshine Loans, for allegedly collecting more than $320,000 in prohibited fees.

ASIC slaps online lender with lawsuit
RBNZ begins first 5-year remit review

The New Zealand central bank has confirmed it has commenced its five-yearly review of its monetary policy remit.

RBNZ begins first 5-year remit review
Treasurer ‘keen’ to commence RBA review

Treasurer Jim Chalmers has acknowledged calls from economists for a foreign player to lead an independent review of the Reserve Bank.

Treasurer ‘keen’ to commence RBA review
Major bank sued for overstating account balances

ASIC is suing a big four bank over allegations that a “continuing problem” misleads customers as to available funds and balances.

Major bank sued for overstating account balances
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