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Regulation

APRA likely to ‘tighten the screws’ further

A senior economist has predicted that APRA is likely to add further directives on banks’ lending standards to help cool Sydney and Melbourne’s property markets “before they get totally out ...

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'Independence' claims under ASIC scrutiny

ASIC has indicated it will consider prohibiting financial planning firms from calling themselves ‘independently-owned’ unless they meet the Corporations Act definition of independence.

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Treasurer favours mortgage curbs over ‘sledgehammer’ approach

Treasurer Scott Morrison is confident APRA’s intervention in the mortgage market “should help” guard against a systemic deterioration in lending standards.

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Regulator backs non-financial CEO targets

The prudential regulator has supported the inclusion of non-financial performance bonuses in the remuneration of Australian bank chief executives.

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Over 80% of credit managers not checking for fraud: report

The Veda National Credit Managers Survey 2016 has revealed some alarming findings about the status of credit management in Australian organisations.

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ASIC fines Morgan Stanley $123,750

Morgan Stanley has paid a $123,750 penalty fee to ASIC after being issued an infringement notice by the Markets Disciplinary Panel.

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Mortgage broker convicted for fraud

A former mortgage professional has been convicted and sentenced on 18 charges involving the submission of false or misleading information to banks.

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Federal Court upholds ASIC decision to ban mortgage broker

A former Victorian finance broker's appeal against his permanent ban from engaging in credit activities has been dismissed by the Federal Court of Australia.

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ASIC bans former mortgage director

ASIC has banned a former company director from providing financial services for a period of six years following an investigation.

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RBA to play ‘greater regulatory role’ in real estate

JP Morgan says the central bank and prudential regulator will increase their regulatory oversight of the residential property market independent of cash rate movements.

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