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Regulation

regulation

26 February 2019 • By Reporter • 1 min read

APRA welcomes IMF report

The prudential regulator has welcomed the IMF’s Financial Sector Assessment Program report. The report concluded that the Australian financial ...

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Independent remediation vital for banks’ future

One of Australia’s largest law firms has called on the big banks to prove they are serious about customer remediation and to establish an independent ...

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IMF sounds alarm on Aussie debt bubble

The International Monetary Fund has recommended that APRA takes a forensic “deep dive” into the credit risk management frameworks of Australian banks

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‘Buy now, pay later’ inquiry calls on ASIC

The Senate inquiry into “buy now, pay later” fintechs has said that regulation has not matched the growth of the sector, calling for ASIC to step up ...

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Labor promises faster royal commission response

The long awaited official response to the royal commission by Labor has finally been released; in it, the opposition party promises to act faster than ...

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Wealth group director backs best interest duty for mortgages

A property investment professional and director of an integrated wealth group has praised Commissioner Hayne’s recommendation to introduce a best ...

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APRA questioned over role in ousting NAB leaders

APRA chairman Wayne Byres faced a parliamentary committee last week where he was asked what role the regulator played in removing NAB’s chairman and ...

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Criminal proceedings to follow royal commission

ASIC in its update on the implementation of royal commission recommendations has said that it is looking into 13 specific referrals as a result of the ...

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New whistleblower laws praised by regulator

ASIC has welcomed the passing of new legislation that requires all public companies and superfunds to have a whistleblower policy from 1 July 2019

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AMP leaders likely to face criminal charges

While the troubled wealth giant managed to retain its vertically integrated model following the royal commission, analysts fear the group and its ...

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