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Regulation

Regulators consult on the creation of a global fintech sandbox
10 August 2018
mortgagebusiness

Australia’s corporate watchdog has joined 11 other regulators worldwide to consult on the proposed creation of a new Global Financial Innovation Network, which would act as a global fintech ...

Former Treasury secretary joins AMP board
8 August 2018
AMP, John Fraser

Former Treasury secretary John Fraser will take up a position on AMP Limited’s board from next month and acting CEO Mike Wilkins could remain in his role until the end of the year, the ...

‘Corporate cops’ will proactively address misconduct: Treasurer
8 August 2018
corporate cops, warning sign

Integrating “corporate cops” into financial institutions is about ensuring regulators are immersed in the communities they’re regulating, federal Treasurer Scott Morrison has said.

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.