Regulation

The prudential regulator has imposed new rules on ADIs, designed to “reinforce financial system stability”.

The mandatory comprehensive credit reporting bill has been updated to include changes to the reporting of hardship arrangements, with stakeholders invited to consult Treasury on the ...

The financial services regulator has reported a 216 per cent increase in wealth management investigations since July 2018, as the fallout from the banking royal commission continues.

While the Australian economy faces “challenges”, the federal Treasurer and deputy leader of the Liberal Party, Josh Frydenberg, has noted that the current low interest rate environment ...

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

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

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 ...

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 ...

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 ...

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.