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Regulation

Commission could lead to even more regulation for banks
7 December 2017
mortgagebusiness

AMP Capital chief economist Shane Oliver believes a royal commission may suggest tighter regulation for the Australian banking sector at a time when other regions are focusing on ...

ADI profits rise by 30 per cent in the past year: APRA
5 December 2017
mortgagebusiness

Fresh figures from the prudential regulator have found that Australian ADIs collectively added $8.2 billion to their bottom line over the last financial year.

Have the banking regulators gone too far?
29 November 2017
mortgagebusiness

The effectiveness of regulation is still unknown nearly a decade after the global financial crisis, according to a leading finance sector researcher at the University of Sydney Business ...

Lawyer gleans insights from ASIC’s IO review
13 November 2017
mortgagebusiness

Fresh information has been revealed about the first stage of ASIC’s probe into interest-only loans and which areas have the regulator worried.

Bouris sees ‘opportunities’ in APRA changes
2 November 2017
mortgagebusiness

Yellow Brick Road founder Mark Bouris believes that regulatory restrictions could be a blessing in disguise for his business.

RAMS founder charged with fraud after 8-year probe
31 October 2017
mortgagebusiness

The AFP has today charged RAMS founder John Kinghorn with fraud for allegedly avoiding tax obligations worth more than $30 million.

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.