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Regulation

APRA extends timelines on revisions to market risk standards

The prudential regulator is giving banks additional time to implement several prudential standards for market risk, in response to “industry feedback”. 

APRA extends timelines on revisions to market risk standards
AFCA appoints senior ombudsman for credit

The complaints authority has created seven new positions, including a senior ombudsman for credit, as part of a move to bring in more specialised expertise.

AFCA appoints senior ombudsman for credit
Rethink capital gains tax, NSW tells federal government

The state government has urged for a review of housing tax settings, stating the capital gains tax discount unfairly advantages investors and erodes affordability.

Rethink capital gains tax, NSW tells federal government
Australian home loans at lowest affordability since 2016: Bluestone

The latest index by the non-bank has suggested that home loans are at their most unaffordable for the first time in five years. 

Australian home loans at lowest affordability since 2016: Bluestone
Government to probe regional bank branch closures

The government has established a taskforce to look into bank branch closures in regional communities.

Government to probe regional bank branch closures
NAB unveils updated dwelling price forecast

With low interest rates and income support expected to soon disappear, the major bank has released a revised dwelling figure.

NAB unveils updated dwelling price forecast
Major bank joins CDR-accredited data recipients

The ACCC has confirmed that three of the big four banks are now accredited data recipients under the Consumer Data Right.

Major bank joins CDR-accredited data recipients
RBA unwavering on monetary targets

The central bank has refused to budge from its inflation target range and time frame to raise rates while acknowledging that less accommodative monetary policy could curb house price and ...

RBA unwavering on monetary targets
ASIC sues Ultimate Credit Management over alleged ACL breaches

The financial services regulator is taking the debt collection company to court, over allegations that it breached its credit licensee obligations and may have caused consumer harm.

ASIC sues Ultimate Credit Management over alleged ACL breaches
ASIC ramped up lawsuits in FY21

The corporate regulator has revealed it bumped up new criminal litigations by 28 per cent and civil lawsuits by 66 per cent in the 2021 financial year.

ASIC ramped up lawsuits in FY21
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