Regulation

AUSTRAC to face parliamentary scrutiny
25 June 2021
AUSTRAC to face parliamentary scrutiny

The effectiveness of the financial crimes regulator is set to go under the microscope in a new parliamentary inquiry.

Senate greenlights regulator of regulators
24 June 2021
Senate greenlights regulator of regulators

The Senate has passed a bill that will establish an authority that ASIC and APRA are accountable to, two years after it was recommended by the banking royal commission.

CBA hikes floor rate, predicts 2022 rate rise
24 June 2021
CBA hikes floor rate, predicts 2022 rate rise

The big four bank has said that it has increased its serviceability floor rate to ensure it continues to lend responsibly, and has predicted that the cash rate will rise to 1.25 per cent by ...

NAB settles BBSW class action
21 June 2021
NAB settles BBSW class action

The major bank has reached an agreement to settle a class action in the US over the bank bill swap rate.

RBA monitoring household debt, not house prices
21 June 2021
RBA monitoring household debt, not house prices

The central bank has said that it is closely watching the uptick in household borrowing for home loans but repeated that it does not, and should not, target house prices.

APRA revokes bank licence
11 June 2021
APRA revokes bank licence

A foreign bank has had its Australian banking licence revoked by APRA after it pulled out of the Australian market.

NAB recruits former AUSTRAC chief
11 June 2021
Paul Jevtovic

The big four bank has hired the former boss of AUSTRAC as the regulator has launched an investigation against NAB for potential anti-money laundering breaches.

It’s a brand new day at Oak Capital
8 June 2021
It’s a brand new day at Oak Capital

Promoted by Oak Capital If you’ve dabbled in Private Lending before then you’ve probably heard of Oak Capital, but with the company’s brand refresh and relaunch last month, it’s definitely ...

NSW needs 1.7m more homes: state treasury
8 June 2021
NSW needs 1.7m more homes: state treasury

NSW will need to build one new home for every two that currently exists over the next 40 years, according to the state treasury, with increased supply and an axed stamp duty tipped as the ...

NAB investigated over potential financial crime breaches
8 June 2021
NAB investigated over financial crime breaches

AUSTRAC has flagged “serious” concerns with the big four bank’s compliance with anti-money laundering laws, having launched a formal investigation with its enforcement team.