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Regulation

Roles of APRA and ASIC ‘merit attention’, says PC
11 January 2019
mortgagebusiness

Overlapping regulatory responsibilities and a lack of “clear delineation” between the two regulators “are a problem” and require immediate attention, the Productivity Commission has warned ...

APRA-engineered housing correction ‘impressive’: Moody’s
8 January 2019
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Moody’s is confident in the prudential regulator’s ability to manage the slowdown in the Australian housing market, according to its latest analysis of recent property price trends. 

Treasurer urges banks to ‘keep loan books open’
7 January 2019
Treasurer urges banks to ‘keep loan books open’

The federal government has urged banks to provide borrowers with “affordable and timely access to credit” amid new data from the RBA highlighting the slowdown in lending activity.

APRA scraps interest-only cap
19 December 2018
APRA scraps interest-only cap

The prudential regulator has announced that it will be removing its 30 per cent speed limit on interest-only lending from 1 January 2019. 

ASIC concerned over IDR ‘obstacles’ in financial sector
12 December 2018
mortgagebusiness

The corporate regulator has released a report highlighting the challenges faced by customers in the dispute resolutions process and has warned firms that it will be monitoring their ...

New ASIC deputy chair appointed
7 December 2018
New ASIC deputy chair appointed

The government has appointed a new deputy chair to the Australian Securities and Investments Commission (ASIC) following the resignation of Peter Kell.

APRA responds to ADI submissions
29 November 2018
mortgagebusiness

The prudential regulator has responded to industry submissions on the introduction of a leverage ratio requirement for banks.

More regulation could squeeze small bank IT budgets
27 November 2018
mortgagebusiness

Executives from community-owned banks said they expect IT investments to increase in the coming year, but “disproportionate” regulation could shrink their budget.

Action on introducer loan fraud taken ‘far too late’: ASIC
23 November 2018
Action on introducer loan fraud taken ‘far too late’: ASIC

The chairman of the financial services regulator has conceded that it was “far too late”, if not years too late, in taking formal action against introducer loan fraud at a major bank.

Treasurer reveals ‘critical’ considerations of RC response
22 November 2018
mortgagebusiness

The Treasurer of the Commonwealth of Australia, Josh Frydenberg, has revealed the four key issues that the government will be focused on and mindful of in its response to the royal ...