Regulation

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.

Two Westpac investment businesses have copped a total $10.5 million civil penalty, for failing to act in clients’ best interests.

Calls for stamp duty reform have resurfaced as the government has launched a new inquiry into housing affordability.

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

The government has reappointed the data standards chair for the open banking regime, deciding to keep him on for another year and a half.

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

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.

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.

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.