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Regulation

‘Belt-tightening’ provision rejected at ASIC hearing
13 August 2019
ASIC

An amendment to ASIC’s responsible lending guidance to allow lenders to consider changes to a borrower’s spending habits has been dismissed during the regulator’s first round of hearings

APRA to crack down on remuneration
24 July 2019
APRA

The prudential regulator has proposed new standards designed to strengthen remuneration requirements across the financial sector.   

Treasurer renews push for CDR approval
23 July 2019
Josh Frydenberg

The Consumer Data Right will “give customers more power” and strengthen competition in the marketplace, the Treasurer has said, ahead of the federal government’s second attempt to enshrine ...

APRA chair addresses leadership questions
22 July 2019
APRA chair addresses leadership questions

Wayne Byres has addressed concerns about the leadership of APRA, following the release of the APRA Capability Review that flagged shortcomings in APRA’s internal culture, regulatory approach ...

APRA urged to increase supervision outside of mortgages
17 July 2019
APRA urged to increase supervision outside of mortgages

The APRA Capability Review has been released, outlining that while the regulator has been “an impressive and forceful regulator”, it should look to expand and grow, including by increasing ...

Major bank acknowledges GAC ‘shortcomings’ to regulator
12 July 2019
Major bank acknowledges GAC ‘shortcomings’ to regulator

Westpac has painted a condemnatory picture of its own governance, accountability and culture processes in a newly released self-assessment that was submitted to APRA.

LATEST PODCAST: New financial year, new code of practice
1 July 2019
LATEST PODCAST: New financial year, new code of practice

Join Annie Kane and Charbel Kadib as they kick off the new financial year and discuss the new code of banking practice.

ASIC grants NCCP relief to 75% of applicants
24 June 2019
ASIC

The corporate regulator has released a report outlining its decisions on relief applications from firms operating under the Corporations Act and National Consumer Credit Protections Act.

LATEST PODCAST: A new record-low cash rate
10 June 2019
Mortgage Business, Uncut

Join Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

Financial literacy ‘not a substitute’ for regulation
23 May 2019
ASIC

The chair of a European-based financial regulator has defended ASIC’s new regulatory remit in response to suggestions that a renewed focus on financial literacy would limit the need for ...