Regulation

The regulator is set to release information setting out how it would use macroprudential policy tools, after expressing concerns around the housing and lending markets.

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability amid surging house prices.

Risks to financial stability could be building as house prices and debt levels keep rising, the Reserve Bank has cautioned.

The big four bank has unveiled its response to past regulatory issues, a program meant to improve its risk management and accountability.  

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.