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Regulation

Consultation opens on ASIC banning powers
7 September 2017
mortgagebusiness

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

APRA limits ‘extraordinarily successful’
6 September 2017
mortgagebusiness

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

Sam White says Sydney prices will dictate APRA actions
25 August 2017
mortgagebusiness

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 ...

Treasury should be 'very cautious' about extending APRA’s powers
24 August 2017
mortgagebusiness

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 proposes restricted ADI regime
22 August 2017
mortgagebusiness

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

ASIC investigating money laundering claims
14 August 2017
mortgagebusiness

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 ...

Housing resilience puts pressure on APRA
3 August 2017
mortgagebusiness

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 ...

Regulator confirms broader mortgage industry probe
31 July 2017
mortgagebusiness

The competition watchdog has confirmed it will soon be conducting deep-dive “market studies” into the mortgage industry and broader financial services sectors following the ASIC review into ...

Politicians winning the battle on bank regulation
28 July 2017
mortgagebusiness

The former third-party boss of Advantedge has explained how banks are struggling to cope with the raft of recent regulatory changes.

O’Dwyer parries calls for regulator scrutiny, introduces next AFCA stage
27 July 2017
mortgagebusiness

The Royal Commission risks becoming “an inquiry looking for something to inquire about” should it turn its eye on the regulators, the Minister for Revenue and Financial Services has said