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Regulation

APRA’s new boss defends conservative approach

APRA’s new chairman has dismissed claims that the regulator is out of step with the rest of the world on Basel standards.

mortgagebusiness
Sydney woman guilty of mortgage fraud

A Sydney woman has pleaded guilty to four charges of fraud.

mortgagebusiness
Poor compliance culture a red flag for ASIC

The corporate regulator will be on high alert for companies with no "culture of compliance".

mortgagebusiness
ASIC to reduce credit surveillance

The corporate watchdog will reduce its surveillance of the credit industry following a $120 million budget cut.

mortgagebusiness
APRA killing LMI competition, says FBAA chief

LMI competition is being stifled by APRA’s “unreasonably conservative” stance on regulation, according to the FBAA.

mortgagebusiness
NSW broker convicted of loan fraud

A former NSW-based mortgage broker has been convicted of falsifying loan application documents following an ASIC investigation.

mortgagebusiness
Underfunded regulator to hunt credit reps

ASIC’s $120 million funding cut will see the corporate watchdog further pursue credit reps rather than licensees, according to QED Risk Services.

mortgagebusiness
ASIC to publish low-doc loan report

The corporate watchdog will soon publish a report on responsible lending, with a particular focus on low-doc home loans.

mortgagebusiness
The compliance grenade

The combination of ‘compliance’ and ‘grenade’ is too often used in the same sentence these days.

James Chatfield, mortgage broking, legislation
COBA welcomes APRA capital revision

The Customer Owned Banking Association (COBA) said changes announced on Tuesday by APRA are a welcome step toward better accommodation of the customer-owned banking model.

mortgagebusiness
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