Powered by MOMENTUM MEDIA
Broker Daily logo

Regulation

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 ...

ASIC powers to protect borrowers from ‘poverty trap’
22 May 2019
ASIC

The corporate regulator’s new product intervention powers have been welcomed by the CEO of the Financial Rights Legal Centre, in the hope that they’ll protect borrowers from credit law ...

ASIC seeks feedback on new complaints handling rules
17 May 2019
ASIC seeks feedback on new complaints handling rules

The corporate regulator is seeking feedback on its newly-proposed internal dispute resolution rules on how financial services firms should handle customer complaints, including those on ...

ASIC issues industry funding notice to credit licensees
16 May 2019
mortgagebusiness

The corporate regulator has issued guidance to financial services and credit licensees bound by industry funding obligations.  

Treasurer renews call for ‘free-flowing’ credit
10 May 2019
Josh Frydenberg

Banks have a “social and economic responsibility” to maintain the flow of housing credit, Treasurer Josh Frydenberg has said, amid continued concerns over the impact of tighter lending ...

APRA reveals ‘constructively tough’ enforcement approach
17 April 2019
APRA

APRA has revealed its plan to take a “constructively tough” approach to enforcement, including using the full range of its powers to address prudential risks and misconduct.

Fintechs need to self-regulate ‘aggressively’, warns ASBFEO
15 April 2019
Fintechs need to self-regulate ‘aggressively’, warns ASBFEO

Alternative lenders need to self-regulate “aggressively and quickly” or risk government stepping in and regulating the industry, the small business ombudsman has warned.