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Regulation

New ASIC funding model ‘misguided’

The government’s proposed changes to the funding model for ASIC is not what it seems and would result in “backdoor taxation”, an economist has warned.

mortgagebusiness
APRA highlights flaws in post-GFC reform

Banks and regulators have failed to fix the problems of supervision and governance that the GFC exposed, APRA chairman Wayne Byres has claimed.

mortgagebusiness
ASIC financial adviser register gets revamp

The corporate regulator has updated its public register of financial advisers, including education and professional association membership for the first time.

mortgagebusiness
New data shows APRA crackdown may be working

One of the industry’s most prominent third-party banks has reported a dramatic fall in investor lending.

mortgagebusiness
You can’t regulate culture or character: Stevens

RBA Governor Glenn Stevens says that while he is supportive of regulation and initiatives aimed at curbing misconduct in the banking and finance industry, it will not change its culture.

mortgagebusiness
Regulator changes rules, catches out bank

ASIC has landed its first big fish since updating its responsible lending rules six months ago.

mortgagebusiness
Government decision could backfire badly

Foreign property investors are being used as cash cows by the Victorian government, which has the potential to impact on foreign investment in the state.

Joseph Zaja
Banks to pay up to $6m each to fund regulator

APRA has revealed it will pay particular attention to housing lending standards next financial year as discussions begin on its budget.

mortgagebusiness
Brokers urged to cash in on APRA ‘jawboning’

A mortgage broking association has urged its members to capitalise on APRA’s recent criticism of bank lending practices.

mortgagebusiness
Regulator’s tough talk could drive mortgage shake-up

Non-bank lenders could be in a position to grow their volumes as banks start taking APRA’s hint to pull back from investor lending.

mortgagebusiness
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