Regulation

Aug 17 2021

A watchdog has highlighted “serious concerns” after reviewing banks’ compliance with guarantor obligations.

Aug 13 2021

Concerns have arisen around the “loophole” that allows Sydneysiders to leave the city to inspect properties, after a COVID-19 positive man travelled to Byron Bay.

Aug 13 2021

Westpac has copped a formal warning in New Zealand over failures to flag international transactions as required under anti-money laundering and counter-terrorism financing laws.

Aug 12 2021

New banking entrants will need to launch both an income-generating asset product and a deposit product before they can secure a full licence, under APRA’s new standards.

Aug 10 2021

The proposed merger between Pulse Credit Union and Teachers Mutual Bank Ltd has been given the green light by the prudential regulator, leaving one last hurdle for the lenders to clear.

Aug 5 2021

An independent body that monitors the banks’ behaviour has commenced a review, as it is assessing its industry code of practice.

Aug 3 2021

The corporate regulator has commenced civil proceedings in the Federal Court against credit assistance provider General Commercial Group and lender Eden Capital.

Aug 2 2021

The prudential regulator has launched a week-long consultation on its regulatory approach for banks offering temporary financial assistance to borrowers impacted by COVID-19.

Aug 2 2021

ASIC has commenced a civil lawsuit against six AMP companies, alleging they charged fees-for-no-service on corporate superannuation accounts.