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Dec 17 2019
The federal government has released its mid-year budgetary update, in which it has lowered its forecasts for GDP growth and reported a $32.6-billion decline in projected revenue.
Dec 17 2019
The prudential regulator has delayed implementation of product responsibility requirements in a bid to “maximise effectiveness” and “minimise costs”.
Dec 13 2019
The prudential regulator has granted a restricted banking licence to a Sydney-based challenger bank.
Dec 12 2019
ASIC has issued new guidance regarding the record-keeping responsibilities of lenders and brokers, warning that reporting failures could lead to non-compliance with NCCP.
Dec 10 2019
ASIC has outlined the “reasonable steps” that a credit provider can take when using a benchmark to assess a borrower’s expenses.
Dec 10 2019
The regulatory body has announced its revised capital treatment of loans written under the upcoming First Home Loan Deposit Scheme.
Dec 9 2019
Treasurer Josh Frydenberg has touted the benefits of comprehensive credit reporting after re-introducing the bill in Parliament.
Dec 2 2019
ASIC and APRA have formally committed to greater collaboration as part of their ongoing response to the banking royal commission’s recommendations.
Nov 20 2019
In a heated parliamentary hearing, the financial services regulator has defended its role in providing clarity around responsible lending, emphasising that its role is in providing “guidance ...
Oct 25 2019
The chair of the prudential regulator is closely monitoring developments in the housing market, particularly the rise in “speculation”, amid financial stability concerns associated with the ...
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