Regulation

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

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

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

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

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

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

Detectives are appealing for information that may assist an investigation of allegations of a multimillion-dollar corporate fraud involving a former NAB “supplier”.

The Productivity Commission’s call for a “competition champion” is “impractical” and “unlikely” to deliver the desired outcomes, according to the Treasury.

The financial services regulator has outlined what it believes are the six “key components of a good financial system”.

ASIC has welcomed a Productivity Commission proposal to alter its mandate, but it is hesitant to become an enforcer of competition laws.