Regulation

The retail credit association’s next chief executive has been revealed, with chair Peter Wilson appointing Elsa Markula to the role.

APRA has told the banks how they need to treat the reporting and risk management for loans under the government’s expanded Home Guarantee Scheme.

The financial watchdogs have remained wary of risks to the housing market as cash rate rises flow through to mortgage customers.

The Reserve Bank has appointed Dr Bradley Jones as assistant governor.

The UK government has outlined plans to require buy now, pay later providers to ensure their customers can afford their repayments.

The US central bank has opted for its largest interest rate hike in almost 30 years, in an effort to squash surging inflation.

Three people have been charged with criminal breaches of directors’ duties, over “interest-free” mortgages offered by their unlicensed lender.

With inflation being critical to the Reserve Bank’s interest rate decisions, accountants have urged the government to increase the frequency of CPI reporting.

ASIC has launched a civil lawsuit against online personal lender Sunshine Loans, for allegedly collecting more than $320,000 in prohibited fees.

The New Zealand central bank has confirmed it has commenced its five-yearly review of its monetary policy remit.