Regulation

ASIC has indicated it will consider prohibiting financial planning firms from calling themselves ‘independently-owned’ unless they meet the Corporations Act definition of independence.

Treasurer Scott Morrison is confident APRA’s intervention in the mortgage market “should help” guard against a systemic deterioration in lending standards.

The prudential regulator has supported the inclusion of non-financial performance bonuses in the remuneration of Australian bank chief executives.

The Veda National Credit Managers Survey 2016 has revealed some alarming findings about the status of credit management in Australian organisations.

Morgan Stanley has paid a $123,750 penalty fee to ASIC after being issued an infringement notice by the Markets Disciplinary Panel.

A former mortgage professional has been convicted and sentenced on 18 charges involving the submission of false or misleading information to banks.

A former Victorian finance broker's appeal against his permanent ban from engaging in credit activities has been dismissed by the Federal Court of Australia.

ASIC has banned a former company director from providing financial services for a period of six years following an investigation.

JP Morgan says the central bank and prudential regulator will increase their regulatory oversight of the residential property market independent of cash rate movements.

ASIC has permanently banned a former Aussie broker from the credit and financial services industries.