Regulation

The five largest Australian banks are midway through conducting their first climate change stress tests, with APRA releasing details on how they’ll test their loan books.

The government has applauded ASIC’s plans to form a new unit focussed on cutting regulatory costs for businesses, as it has slashed levies for financial advisers.

What local councils and state governments charge developers for infrastructure could add up to $85,000 to the costs of building a new home, according to new research.

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.

The big four bank has been ordered by the Federal Court to pay $18.5 million over fee disclosure statement failures.

Market power is “hurting Australians across many walks of life”, the competition watchdog has said, calling for reforms to “flawed” merger laws.

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.

The major bank has bumped up its 2021 house price forecasts and predicted a delay in macroprudential controls due to COVID.

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.

The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.