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Regulation

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.

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.