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Regulation

BNPL needs ‘guardrails around it’, Gallagher says
22 November 2022
BNPL needs ‘guardrails around it’, Gallagher says

Buy now, pay later providers could fall under the same regulations as credit cards, as the government pushes new regulation.

Link sells 10% of its PEXA shareholding
21 November 2022
Link sells 10% of its PEXA shareholding

Link Administration Holdings Limited has announced the sale of almost 10 per cent of its existing 42.77 per cent shareholding in PEXA Group Limited.

Brokers fuming over ‘unfair’ clawbacks
18 November 2022
Brokers fuming over ‘unfair’ clawbacks

As cashback incentives see clients switching banks, brokers are fed up with fronting the clawback costs.

LRBA loans no ‘material’ super risk, but vigilance remains
18 November 2022
LRBA loans no ‘material’ super risk, but vigilance remains

Following 2014 recommendations that LRBAs should be prohibited, the latest CFR report has massively downgraded their risk — mostly.

Bank execs ‘overconfident’ on risk compliance capability
14 November 2022
Bank execs ‘overconfident’ on risk compliance capability

Debate rages between ADI bank executives and legal staff over appropriate risk compliance levels, APRA has revealed.

Royal commission seeks out blame for Robodebt ‘shame’
11 November 2022
Royal commission seeks out blame for Robodebt ‘shame’

Bill Shorten MP has highlighted the controversial Robodebt scheme’s “true extent” of shame.

CBA class action goes to Federal Court
7 November 2022
CBA class action goes to Federal Court

The major bank will head to Federal Court today (7 November) as the ongoing class action relating to money laundering disclosures continues. 

Submissions open under new ASIC inquiry
4 November 2022
Submissions open under new ASIC inquiry

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission (ASIC) and its ability to investigate misconduct allegations.

New COBA code to protect vulnerable customers introduced
2 November 2022
New COBA code to protect vulnerable customers introduced

The Customer Owned Banking Association has introduced a new Code of Practice to increase protection for vulnerable customers.

ASIC under fire for ‘failing to meet its obligations’
1 November 2022
ASIC under fire for ‘failing to meet its obligations’

A new inquiry has been commissioned by the Senate into the Australian Securities and Investments Commission.