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Regulation

Lawyer gleans insights from ASIC’s IO review

Fresh information has been revealed about the first stage of ASIC’s probe into interest-only loans and which areas have the regulator worried.

mortgagebusiness
Bouris sees ‘opportunities’ in APRA changes

Yellow Brick Road founder Mark Bouris believes that regulatory restrictions could be a blessing in disguise for his business.

mortgagebusiness
RAMS founder charged with fraud after 8-year probe

The AFP has today charged RAMS founder John Kinghorn with fraud for allegedly avoiding tax obligations worth more than $30 million.

mortgagebusiness
Interest-only cap has been met: APRA

In another signal that the prudential regulator could be ready to remove macro-prudential measures, APRA this week confirmed that interest-only benchmarks have done their job.

mortgagebusiness
ASIC to dish out tougher penalties

The federal government has recommended substantial increases to penalties issued by ASIC, a move prompted by Financial System Inquiry proposals.

mortgagebusiness
Household debt now at $2 trillion: Treasury

Secretary to the Treasury John Fraser has attempted to put the nation’s debt woes in context, highlighting that households hold $12 trillion in assets and that most of the debt belongs to ...

mortgagebusiness
Mortgage regulation could spark ‘severe downturn’

A decision by Canada’s banking regulator to impose further restrictions on borrowers has triggered fresh fears over how markets might react to lending curbs.

mortgagebusiness
New ASIC boss prioritises ‘cultural reform’

Incoming ASIC chair James Shipton has declared himself a “great advocate” of cultural reform as he prepares to take over from Greg Medcraft in February 2018.

mortgagebusiness
Investors continue to defy APRA curbs

The latest housing finance figures show that property investors bounced back over August and first home buyers returned to market.

mortgagebusiness
New laws will require APRA to consider competition and regionality

Senator Nick Xenophon has revealed that he will help introduce legislation in 2018 that will change APRA's mandate to include competition, and require it to consider the differences in the ...

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