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Regulation

More regulation could squeeze small bank IT budgets

Executives from community-owned banks said they expect IT investments to increase in the coming year, but “disproportionate” regulation could shrink their budget.

mortgagebusiness
Action on introducer loan fraud taken ‘far too late’: ASIC

The chairman of the financial services regulator has conceded that it was “far too late”, if not years too late, in taking formal action against introducer loan fraud at a major bank.

Action on introducer loan fraud taken ‘far too late’: ASIC
Treasurer reveals ‘critical’ considerations of RC response

The Treasurer of the Commonwealth of Australia, Josh Frydenberg, has revealed the four key issues that the government will be focused on and mindful of in its response to the royal ...

mortgagebusiness
LATEST PODCAST: The federal court system v HEM, a new government-backed SME fund

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Mortgage Business Uncut
Reform to focus on culture, says Assistant Treasurer

The financial services royal commission and the Productivity Commission inquiry into competition in the Australian financial system will likely bring in a wave of cultural, rather than ...

Stuart Robert
COBA renews call for ‘proportionate’ banking regulation

COBA has renewed calls for a “proportionate” regulatory regime that doesn’t “squeeze out” smaller lenders.

mortgagebusiness
Banks defend default interest amid regulatory threat

Introducing regulatory transcriptions on the application of default interest would “impede the flexibility” that “needs to be exercised” by banks, the Australian Banking Association has told ...

Interest rate
Second deputy chair to lead APRA’s enforcement review

The prudential regulator has announced that its “enforcement strategy and infrastructure” will be reviewed by its recently appointed second deputy chair.

mortgagebusiness
Government urged to limit ‘destructive’ APRA powers

What was supposed to be an exercise in reviewing lending standards has “quickly become a course in economic destruction”, according to property market research firm Propertyology.

mortgagebusiness
APRA proposes raising ADI capital requirements

The prudential regulator is seeking to raise ADI capital requirements to enhance the financial system’s ability to cope with disruption.

mortgagebusiness
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