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Aug 31 2021
The prudential watchdog has rolled out its final guidelines for how banks should reward their bigwigs, with bonuses now needing to be tied to customer and risk management outcomes.
Aug 30 2021
The big four bank has been ordered by the Federal Court to pay $18.5 million over fee disclosure statement failures.
Aug 27 2021
Market power is “hurting Australians across many walks of life”, the competition watchdog has said, calling for reforms to “flawed” merger laws.
Aug 27 2021
The corporate regulator has switched its focus from cracking down on banks and lenders in previous years to supporting the financial system and Australia’s economic recovery.
Aug 27 2021
The major bank has bumped up its 2021 house price forecasts and predicted a delay in macroprudential controls due to COVID.
Aug 26 2021
The prudential regulator has implemented eased red tape for banks offering loan deferrals to their customers, stretching out the applicable period after receiving industry feedback.
Aug 25 2021
The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.
Aug 25 2021
Two Westpac investment businesses have copped a total $10.5 million civil penalty, for failing to act in clients’ best interests.
Aug 23 2021
Calls for stamp duty reform have resurfaced as the government has launched a new inquiry into housing affordability.
Aug 20 2021
The regulator has released final guidance for credit risk management and directed ADIs to focus on credit risk management in the current environment, especially residential mortgage lending
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