Regulation

The association head has welcomed Parliament passing legislation for the Financial Accountability Regime.

Former ASIC chair James Shipton has written an open letter to the Treasurer and Assistant Treasurer demanding they take action on addressing harmful behaviours in the workplace.

ASIC alleged the major bank failed to process 229 hardship applications within 21 days between 2015 and 2022.

The practice of ‘screen scraping’ is under scrutiny, following recommendations to axe it.

The Treasury has proposed new changes aimed at enhancing consent and transparency within the CDR framework for the non-bank sector.

The corporate regulator will focus on protecting vulnerable consumers and small businesses, as part of its corporate plan.

The new commissioners will join the regulator from CHOICE, CBA, and the Commonwealth Treasury.

The adoption of digital currency for mortgages is anticipated to progress at a ‘slower’ pace compared to other categories of financial assets, the pilot report has revealed.

The federal Treasurer has addressed the criticisms aimed at union representatives being appointed to the central bank’s board.

Submissions regarding the HAFF Bill’s second referral to the economics legislation committee will shut next week.