Regulation

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to the Senate economics legislation committee what its role will be if and when the responsible lending laws are repealed later this year.

A banking association has alerted flood-impacted residents to be aware of scammers posing as organisations, and has suggested tips to avoid them.

APRA has stated that the federal government’s SME loan schemes can be regarded as an eligible guarantee by the government for risk-weighting purposes.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The government has appointed a full-time APRA member to replace Geoff Summerhayes, while APRA has made changes in responsibilities for its members.