Jun 13 2023
The prudential regulator has warned banks that lenders with higher volumes of lending exceptions will be faced with “heightened supervisory attention”.
Jun 13 2023
Australia’s financial system regulators have flagged the security risks posed by rapidly evolving artificial intelligence technologies but revealed they’re exploring ways to leverage AI to ...
Jun 9 2023
Several non-major lenders have welcomed the government’s updated expectations for the prudential regulator, stating they will help create a more even playing field for smaller players.
Jun 7 2023
The government will phase out cheques from the financial system by 2030, as part of an overhaul of the payments system.
Jun 6 2023
The regulator has lifted the stop order on a lenders' BNPL products after it addressed the raised concerns.
May 31 2023
The non-major bank has entered into two voluntary enforceable undertakings, one relating to issues with its anti-money laundering and counter-terrorism financing program and another to ...
May 29 2023
The Reserve Bank of New Zealand will ease rules limiting new lending to home loan borrowers with small deposits.
May 26 2023
A new bank has been formed after the prudential regulator has granted it a full banking licence without restrictions.
May 25 2023
New Zealand’s central bank has signalled an end of its tightening cycle as rates reach the highest level in 14 years.
May 23 2023
Consumer groups have suggested the government’s move to regulate buy now, pay later products with ‘tailored’ responsible lending obligations doesn’t go far enough in protecting users
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