Regulation

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.

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

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”.

Treasury has launched a consultation into whether ASIC should be given powers to ban senior managers in the financial sector.

Residential building is “on the threshold of a sharp decline”, courtesy of an “extraordinarily successful regulatory intervention” to discourage investors.

Loan Market chairman Sam White believes that the downturn in the Perth property market is proof that risks can be contained, but says that APRA won’t dial down its efforts until Sydney comes ...

Pepper has warned the government that it should be “very cautious” about extending APRA powers to non-banks, adding that it has “significant concerns” about the impact the changes could have ...

APRA has proposed a restricted ADI regime that could see fintech start-ups providing transaction banking services much sooner.

The financial services regulator has revealed that it has “commenced inquiries” into the Commonwealth Bank regarding alleged breaches of the Anti-Money Laundering and Counter-Terrorism ...

A leading economist believes that the continued strength of the housing market could force the banking regulator to announce even tighter restrictions on mortgage lending as a rising Aussie ...