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Regulation

ASIC to embed staff within big four and AMP
7 August 2018
ASIC, AMP, big four banks, staff, misconduct

The government is giving ASIC a further $70 million to combat misconduct in the financial services sector, including $8 million to embed staff into the big four banks and AMP.

ASIC should establish fee registry: Report
26 July 2018
mortgagebusiness

An independent review of ASIC’s fee disclosure regime has recommended the establishment of a publicly accessible, searchable registry of product fees and costs.

Removal of ‘redundant’ APRA curb unlikely to trigger rebound
17 July 2018
APRA, redundant cap, investor lending, investor credit, growth

The removal of APRA’s “redundant” cap on investor lending is unlikely to prompt a rebound in investor credit growth amid continual softening in housing market conditions, according to a ...

ScoMo’s former chief of staff appointed as Treasury secretary
16 July 2018
mortgagebusiness

The government has announced that Treasury secretary John Fraser will resign at the end of the month and will be replaced by Scott Morrison’s former chief of staff.

Opinion: The big questions APRA needs to answer
13 July 2018
Opinion: The big questions APRA needs to answer

APRA has downplayed its impact on the flow of credit. But the regulator is responsible for more than it’s willing to admit.

Regulators ‘working through’ systemic risks posed by fintechs
10 July 2018
mortgagebusiness

Australia’s regulators are being challenged in their efforts to balance financial innovation and mitigate the systemic risks that could emerge from it, an RBA assistant governor has noted

LATEST PODCAST: The rise of mortgage prisoners, further regulation and the importance of good advice
25 June 2018
LATEST PODCAST: The rise of mortgage prisoners, further regulation and the importance of good advice

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

ASIC releases guidance on AFCA oversight
21 June 2018
ASIC

The corporate regulator has issued guidance in relation to its oversight of a newly formed external dispute resolutions body, the Australian Financial Complaints Authority.

Analysis: When regulation creates mortgage ‘prisoners’
20 June 2018
Analysis: When regulation creates mortgage ‘prisoners’

Too much red tape in the mortgage industry can actually leave consumers in a worse position, as some markets are starting to discover.

Prospa delays listing to answer ASIC
7 June 2018
mortgagebusiness

The small business lender announced that it has decided to postpone its listing on the ASX to “clarify” issues raised by ASIC.