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Regulation

Regulator singles out risk culture of banks

APRA deputy chairman Ian Laughlin has spoken at length about the importance of risk culture in Australian financial institutions.

mortgagebusiness
APRA extends Basel III deadline

The prudential regulator has written to Australian banks advising them of an extension to the 1 January 2015 deadline for Basel III disclosure requirements.

mortgagebusiness
Banks fined billions by UK regulator

Five international banks have been issued with penalties of more than £1 billion for failures in their respective UK-based FX trading businesses.

mortgagebusiness
Regulator calls for reports on broker performance

APRA has outlined a detailed set of management information systems to be used by lenders when assessing mortgage risk exposures, including reports on third-party relationships and ...

mortgagebusiness
MFAA hits back at APRA

The MFAA has hit back at APRA over its “completely incorrect” assertions about mortgage broker commissions in its residential mortgage lending guidance.

mortgagebusiness
‘The sources of risk are different this time’: APRA

The prudential regulator has spoken out about macroprudential tools for the first time since the RBA raised the issue in its Financial Stability Review last month.

mortgagebusiness
Professional convergence – the new normal?

At Mortgage Choice, we have long been an avid supporter of diversification.

Michael Russell
ASIC reviews AFSL breach reporting

The corporate regulator has announced a review of breach reporting by Australian Financial Services licensees following concerns raised about inconsistencies and delays.

mortgagebusiness
Industry reacts to broker fraud claims

The Australian lending industry has responded to claims made by credit agency Veda of a “trend among brokers” to collude on fraud.

mortgagebusiness
Mortgage fraud on the rise

Brokers are being blamed for mortgage fraud following an increase in fraudulent credit applications.

mortgagebusiness
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