Regulation

The listed bank has kicked off a strategic review of its company, after reportedly receiving interest from external parties.

Developers have called the government to act against a decline in apartment construction in NSW, saying it could threaten housing affordability.

The Minister for Housing has called the building and construction ban in Victoria a “chaotic and confusing response”.

The Reserve Bank should play a stronger role in maintaining the stability of the housing system, according to a new report.

Banks are too reliant on regulatory oversight to do what is right for borrowers, the big four boss has said.

ASIC reported a significant increase in the number of ACL and AFSL applications it received in the past year due to licensing reforms, including in debt management services.

The group was aware of the home loan communication issues ME Bank is now facing criminal charges for, before it closed its acquisition.

Members of Parliament are considering ways in which housing affordability can be improved, with one MP suggesting that LMI was a “rort” in need of reform.

Increasing housing supply will help combat rising prices but it’s “not a panacea”, according to a Reserve Bank economic adviser.

Papua New Guinea’s competition regulator has said it will not authorise Kina’s proposed acquisition of Westpac’s PNG and Fiji operations.