Regulation

ASIC cracks down on 'independently-owned' advice
27 June 2017
mortgagebusiness

The corporate regulator has released its position on whether advisers that do not meet the criteria in s923A of the Corporations Act can call themselves “non-aligned” or ...

Mortgage investors to profit from APRA curbs
16 June 2017
mortgagebusiness

Australian fund manager Merricks Capital believes Australian investors could be the beneficiaries of recent changes in loan regulation.

APRA’s investor crackdown: will it stick this time?
15 June 2017
mortgagebusiness

Regulatory measures to curb investor lending appear to be working, with the latest housing finance figures showing a further fall in April.

Make ASIC a ‘proactive’ watchdog: Kell
13 June 2017
mortgagebusiness

ASIC deputy chairman Peter Kell has made the case for stronger banning powers, tougher supervision and higher penalties for wrong-doers.

Regulatory flux driving down average application LVR
31 May 2017
mortgagebusiness

Higher property prices, along with lenders’ changing appetites and regulatory flux in the industry, are driving down the national average application LVR according to fresh research.

APRA wants more data on borrower debt levels
25 May 2017
mortgagebusiness

The prudential regulator is seeking feedback from the banks on its plans to begin requesting additional data on borrower debt-to-income ratios.

APRA expands senior executive team in restructure
17 May 2017
mortgagebusiness

The Australian Prudential Regulation Authority has appointed four new senior executives to its leadership team and created new units, as part of a “broader organisational restructure”.

Regulatory changes continue to weigh on Genworth
4 May 2017
mortgagebusiness

Genworth Australia has posted mixed results for the three months to 31 March with CEO Georgette Nicholas flagging ongoing pressure in an environment of increased regulation.

APRA seeks to reduce 'contagion risk'
21 April 2017
mortgagebusiness

Australian banks will be required to limit their exposures to unrelated counterparties to 25 per cent of Tier 1 Capital as APRA seeks to reduce "contagion risk".

Oversimplifying housing affordability ‘cynical and cruel’, says Treasurer
11 April 2017
mortgagebusiness

The Treasurer has stressed that a housing affordability fix “must involve a scalpel, not a chainsaw” and has looked to the UK housing sector experience as “valuable” for Australia.