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Regulation

regulation

12 June 2023 • By Charbel Kadib • 1 min read

Banks urged to ‘justify’ exceptions to lending guardrails

The prudential regulator has reinforced home loan serviceability standards as banks increasingly apply for exceptions amid fears borrowers have been ...

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Economists foresee increased likelihood of recession

Following the RBA’s latest warning that the narrow path to lower inflation could get bumpy, economists have revised their projections, foreseeing an ...

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Suncorp states its case ahead of ACCC decision on ANZ merger

The diversified financial services business has released its official response to ACCC concerns over the proposed acquisition of its banking division ...

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ASIC announces managed investment scheme sunsetting consultation

The corporate regulator has announced that it is seeking feedback on proposals to remake managed investment scheme unit pricing class orders that are ...

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Regulator outlines reporting period focus areas

The corporate regulator has outlined its focus areas ahead of the end of financial year reporting period. Ahead of 30 June 2023 reporting for full ...

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FSC updates target market determination template for managed funds

The body is promoting best practice on design and distribution obligations. The Financial Services Council (FSC) has released an updated target ...

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Regulators have ‘no choice’ but to ‘harness’ AI

Australia’s financial system regulators have flagged the security risks posed by rapidly evolving artificial intelligence technologies but revealed ...

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ASIC chair slams ‘greenhushing’

The chair of the corporate regulator has urged firms to boldly disclose climate-related activities without fear of stakeholder backlash, claiming ...

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RBA’s powers to expand under government’s plan to modernise payments system

The RBA is set to see an expansion of its supervisory powers. The government has announced a wide-ranging modernisation of the country’s payments ...

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CBA hit with record fine for breaching spam law

CBA has been fined $3.55 million for breaching spam law. Commonwealth Bank of Australia’s (CBA) share price dipped slightly on Wednesday morning ...

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