Regulation

Westpac Group has reverted to pre-COVID policies around the portion of bonus income allowed to be used for serviceability assessment.

The Victorian government has asked the Commonwealth to explore the option of mandating a maximum margin between credit card interest rates and the cash rate.

Australian banks have launched updated guidelines on financial abuse to ensure that staff are equipped to recognise signs of financial abuse.

The prudential regulator has upped Macquarie’s liquidity and operational risk capital requirements following “multiple material” breaches of standards.

The financial services regulator has commenced proceedings against the big four bank over allegations it charged approximately $55 million in monthly access fees to customers when it was not ...

The banking association has reiterated its calls for consistent powers of attorney laws to prevent elder financial abuse.

The prudential regulator said it is considering more than a dozen applications from aspiring ADIs after resuming licensing in March.

The prudential regulator said it is closely monitoring the risk posed by house prices overtaking wages growth to the financial system and financial stability.

The corporate regulator has escalated its work in monitoring cyber activity and attacks amid the rise in both cyber activity and rapid digitisation over the COVID-19 period, it said.

The prudential regulator has outlined to the Senate economics legislation committee what its role will be if and when the responsible lending laws are repealed later this year.