Regulation

The corporate watchdog has permanently banned the former director of a financial services firm after he was found to have breached several of his licensing obligations.

ASIC has outlined the obligations of mortgage brokers under the forthcoming best interests duty. 

The financial services regulator has reported on decisions to grant relief for companies from provisions of the National Credit Act or the Corporations Act in a bid to cut red tape.

The corporate regulator has imposed new licensing conditions on an internationally based financial institution after it deposited funds into unauthorised accounts.

The government has announced that it has now finalised its “enhanced” regulatory sandbox, allowing fintechs to test the viability of new products without first holding the required licences

It would be “dangerously naive” to expect the operating environment to “go back to normal” once the COVID-19 crisis abates, APRA chair Wayne Byres has warned.

Prudential regulations in the financial services sector have been a “virtue” that has allowed banks to play a “shock-absorbing” role during the COVID-19 crisis, APRA chair Wayne Byres has ...

The three-stage easing of social distancing restrictions will provide an immediate boost to GDP, the Treasurer has said.

The prudential regulator has eased its responsible lending guidance around the changing of loan terms for existing mortgage customers amid the COVID-19 crisis. 

The coronavirus restrictions could cost the economy $4 billion for every extra week they remain in place, Treasurer Josh Frydenberg said, predicting a significant drop in GDP of 10 to 12 per ...