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Regulation

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 ...

LATEST PODCAST: The federal court system v HEM, a new government-backed SME fund
19 November 2018
Mortgage Business Uncut

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Reform to focus on culture, says Assistant Treasurer
19 November 2018
Stuart Robert

The financial services royal commission and the Productivity Commission inquiry into competition in the Australian financial system will likely bring in a wave of cultural, rather than ...

COBA renews call for ‘proportionate’ banking regulation
19 November 2018
mortgagebusiness

COBA has renewed calls for a “proportionate” regulatory regime that doesn’t “squeeze out” smaller lenders.

Banks defend default interest amid regulatory threat
15 November 2018
Interest rate

Introducing regulatory transcriptions on the application of default interest would “impede the flexibility” that “needs to be exercised” by banks, the Australian Banking Association has told ...

Second deputy chair to lead APRA’s enforcement review
15 November 2018
mortgagebusiness

The prudential regulator has announced that its “enforcement strategy and infrastructure” will be reviewed by its recently appointed second deputy chair.