Regulation

Regional Australia Bank has become the fifth bank in Australia to attain CDR compliance to participate in open banking.

A new framework has been launched to test the cyber resilience of financial institutions.

The Reserve Bank of New Zealand is looking to bring in loan-to-value restrictions on “high-risk lending” from 1 March 2021 to “reduce risks to financial stability”, but the RBA has suggested ...

ADIs are facing scrutiny of their securitisation practices after APRA identified that some have repurchased residential mortgage loans that were subject to repayment deferrals.

Three banks and six senior banking executives have been committed to the Federal Court of Australia for trial on criminal cartel charges.

Civil penalty proceedings have been brought against the major bank for overcharging interest on business overdraft accounts.

The prudential regulator has taken action against Westpac over breaches of liquidity standards, adding that they show weaknesses in the bank’s risk management.

The lender’s chairman has condemned the pricing of financial support received by the major banks over non-banks, labelling it as “grossly unfair”.

Regulators are a speed bump to recovery and need to follow the will of Parliament and the people, Treasurer Josh Frydenberg has said.

The majority of FHBs could achieve their goal of owning property faster if they are able to opt out of stamp duty, according to a non-major bank.