Regulation

Cheques out: Cheques to bounce by 2030
7 June 2023

The government will phase out cheques from the financial system by 2030, as part of an overhaul of the payments system.

Stop order on lender revoked after 24hrs: ASIC
6 June 2023

The regulator has lifted the stop order on a lenders' BNPL products after it addressed the raised concerns.

BOQ enters enforceable undertakings with APRA and AUSTRAC
31 May 2023

The non-major bank has entered into two voluntary enforceable undertakings, one relating to issues with its anti-money laundering and counter-terrorism financing program and another to ...

New Zealand eases home lending restrictions
29 May 2023

The Reserve Bank of New Zealand will ease rules limiting new lending to home loan borrowers with small deposits.

APRA grants full banking licence to neobank
26 May 2023

A new bank has been formed after the prudential regulator has granted it a full banking licence without restrictions.

RBNZ signals end of rate rises, for now
25 May 2023

New Zealand’s central bank has signalled an end of its tightening cycle as rates reach the highest level in 14 years.

Does the BNPL regulation move go far enough?
23 May 2023

Consumer groups have suggested the government’s move to regulate buy now, pay later products with ‘tailored’ responsible lending obligations doesn’t go far enough in protecting users

BNPL to be regulated under Credit Act
22 May 2023

Buy now, pay later providers will soon be required to hold credit licences and comply with RLOs, the Assistant Treasurer has confirmed.

Mutual bank addresses Senate inquiry into bank closures
18 May 2023

Australia’s largest mutual bank has told a Senate inquiry into regional bank closures that some communities could benefit from a joint venture model.

Treasurer aims to release RBA review next week
20 April 2023

The Treasurer hopes to release the Reserve Bank review next week.