Regulation

The International Monetary Fund (IMF) has reaffirmed its calls for Australia to watch its lending standards and to reform its housing supply and tax policies.

APRA has revoked 86 400 Ltd’s authorised deposit-taking institution licence after the neobank handed it back.

The cash rate for the last month of 2021 has been confirmed, as analysts continue to speculate on when it will move next.

The federal Treasurer has expressed concerns at the housing market running hot, but he is not sure if APRA will take further lending interventions.

A number of banks see their legally enforceable industry code of practice as a “regulatory burden”, an independent review has found.

Smaller banks have welcomed newly set capital requirements for their big four rivals, declaring the move will reduce “unfair advantages”.

Nearly one in three Western Australian residents have experienced financial abuse, while one in four know someone personally impacted, according to new data.

The Customer Owned Banking Association has welcomed moves for greater banking regulations, suggesting a regulatory initiatives grid could be the next step forward.

The financial complaints body has recruited a new leader for its compliance and monitoring team.

A new class action lawsuit against the big four bank has cried foul over interest-free credit card contracts.