Regulation

APRA says 3% loan buffer is still ‘appropriate’
27 February 2023

The 3.0 per cent loan serviceability buffer and existing macroprudential policy settings are “appropriate”, APRA has concluded in an assessment of its policy settings.

Lenders penalised $6m for misconduct: ASIC
24 February 2023

The Federal Court has found that ClearLoans has breached the Credit Act and ordered over $6 million in penalties.  

Aussie-UK anti-money laundering, counter-terrorism deal inked
21 February 2023

AUSTRAC has partnered with a UK counterpart to fight fraud, the financial intelligence agency has announced.

Majors call for BNPL to be regulated
17 February 2023

In submissions published on the Treasury, the major banks, excluding NAB, have called for more regulations around BNPL providers.

ACCC grants Liberty CDR accreditation
15 February 2023

The Australian Competition and Consumer Commission has announced that Liberty Financial Pty Limited is now an accredited data recipient.

Committee to monitor interest rates on loans
14 February 2023

The big four banks will face annual parliamentary scrutiny as part of a new review.

Senate to hold regional banking inquiry
10 February 2023

A parliamentary inquiry to examine the impacts of regional bank closures on communities has passed through the federal Senate.

Openpay collapses as creditors chase debt
10 February 2023

An Australian buy now, pay later business has called in administrators after announcing it would cease to offer new credit products.

APRA’s 2023 priorities about ‘embedding’ regulatory reforms
3 February 2023

The prudential regulator has fewer policy priorities this year as it prioritises bedding down regulatory reforms to ensure entities can manage risks and challenges in the upcoming ...

APRA appoints 4 to executive team
2 February 2023

The prudential regulator has announced four new executive appointments as well as changes to the structure and responsibilities of its executive team.