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Regulation

Interest-only cap has been met: APRA
27 October 2017
mortgagebusiness

In another signal that the prudential regulator could be ready to remove macro-prudential measures, APRA this week confirmed that interest-only benchmarks have done their job.

ASIC to dish out tougher penalties
25 October 2017
mortgagebusiness

The federal government has recommended substantial increases to penalties issued by ASIC, a move prompted by Financial System Inquiry proposals.

Household debt now at $2 trillion: Treasury
25 October 2017
mortgagebusiness

Secretary to the Treasury John Fraser has attempted to put the nation’s debt woes in context, highlighting that households hold $12 trillion in assets and that most of the debt belongs to ...

Mortgage regulation could spark ‘severe downturn’
20 October 2017
mortgagebusiness

A decision by Canada’s banking regulator to impose further restrictions on borrowers has triggered fresh fears over how markets might react to lending curbs.

New ASIC boss prioritises ‘cultural reform’
19 October 2017
mortgagebusiness

Incoming ASIC chair James Shipton has declared himself a “great advocate” of cultural reform as he prepares to take over from Greg Medcraft in February 2018.

Investors continue to defy APRA curbs
12 October 2017
mortgagebusiness

The latest housing finance figures show that property investors bounced back over August and first home buyers returned to market.

New laws will require APRA to consider competition and regionality
21 September 2017
mortgagebusiness

Senator Nick Xenophon has revealed that he will help introduce legislation in 2018 that will change APRA's mandate to include competition, and require it to consider the differences in the ...

CBA ‘skeletons’ have regulators worried
18 September 2017
mortgagebusiness

ASIC chairman Greg Medcraft told a parliamentary inquiry that “there is a fair bit on” for the regulator as it gathers “very large amount of evidence” on a string of CBA scandals.

Regulators face grilling over mortgage curbs, CBA conduct
12 September 2017
mortgagebusiness

APRA and ASIC will answer this week tough questions from David Coleman MP on macro-prudential measures and the governance and culture of CBA.

Regulators have 'critical role in allowing fraud to flourish'
8 September 2017
mortgagebusiness

Australia’s financial regulators have been condemned as contributing to a “precarious situation” in which the housing market is “holding the rest of the economy to ransom”.