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Regulation

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.

Treasury deputy secretary nominated as APRA deputy chair
31 May 2018
APRA deputy chair, treasury deputy secretary, nominated, federal government

The federal government has announced its nomination for an additional deputy chair of APRA, should new legislation to “bolster” APRA’s powers be agreed to in Parliament.

RC could result in ‘unanticipated’ credit tightening: Treasury secretary
31 May 2018
Royal commission, money, cash, credit tightening

The secretary to the Treasury has warned that the financial services royal commission could result in an “unanticipated tightening in financial conditions”.

Bill introduced to ‘bolster’ APRA powers
25 May 2018
Bill introduced to ‘bolster’ APRA powers

Legislation has been introduced by the federal government aimed at strengthening the prudential regulator to ensure stability and accountability in the financial sector.

Former QBE treasury exec joins Pepper Group
24 May 2018
mortgagebusiness

The non-bank lender has announced that it has replaced its current group treasurer, Todd Lawler, with ex-QBE executive Paul Byrne.

Treasurer says credit ‘distortions’ have been addressed
27 April 2018
mortgagebusiness

Treasurer Scott Morrison has reaffirmed the government’s commitment to preserve current negative gearing arrangements, claiming that macro-prudential measures have already addressed ...

APRA announces fresh mortgage guidance
26 April 2018
mortgagebusiness

The banking regulator has today announced plans to remove its macro-prudential measures, which have been in place since 2014.

Government releases draft legislation for ASIC fees for service
13 April 2018
mortgagebusiness

The Australian government has published the draft legislation that will underpin the Australian Securities and Investments Commission’s (ASIC) new industry funding model.