Regulation

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.

The government has nominated barrister and Victorian Bar Council member Daniel Crennan to fill the newly created position of co-deputy chair at ASIC.

The prudential regulator will front the House of Representatives Standing Committee on Economics as part of the committee’s review of its performance.

“Fierce competition” in the Australian financial system is being “heavily controlled” by regulatory measures that favour stability, Productivity Commission chairman Peter Harris has warned

Macro-prudential measures imposed by the regulator prompted the major banks to increase rates on their loan offerings, which could have offset the cost of the Major Bank Levy, an ACCC report ...

Countries around the world have started on this journey of financial protection and are enacting responsible and sustainable lending laws.

The regulator has reported progress in its initiative to boost financial literacy amid growing concerns over financial stress.

ASIC has told the Productivity Commission that the comparison rates used for mortgages are “not a very good guide” for whether a rate is good or not, stating that it would be “broadly” in ...

The regulator will consult on updated guidance for its oversight of the newly established Australian Financial Complaints Authority.