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Regulation

ADI profits rise by 30 per cent in the past year: APRA

Fresh figures from the prudential regulator have found that Australian ADIs collectively added $8.2 billion to their bottom line over the last financial year.

mortgagebusiness
Have the banking regulators gone too far?

The effectiveness of regulation is still unknown nearly a decade after the global financial crisis, according to a leading finance sector researcher at the University of Sydney Business ...

mortgagebusiness
Lawyer gleans insights from ASIC’s IO review

Fresh information has been revealed about the first stage of ASIC’s probe into interest-only loans and which areas have the regulator worried.

mortgagebusiness
Bouris sees ‘opportunities’ in APRA changes

Yellow Brick Road founder Mark Bouris believes that regulatory restrictions could be a blessing in disguise for his business.

mortgagebusiness
RAMS founder charged with fraud after 8-year probe

The AFP has today charged RAMS founder John Kinghorn with fraud for allegedly avoiding tax obligations worth more than $30 million.

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Interest-only cap has been met: APRA

In another signal that the prudential regulator could be ready to remove macro-prudential measures, APRA this week confirmed that interest-only benchmarks have done their job.

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ASIC to dish out tougher penalties

The federal government has recommended substantial increases to penalties issued by ASIC, a move prompted by Financial System Inquiry proposals.

mortgagebusiness
Household debt now at $2 trillion: Treasury

Secretary to the Treasury John Fraser has attempted to put the nation’s debt woes in context, highlighting that households hold $12 trillion in assets and that most of the debt belongs to ...

mortgagebusiness
Mortgage regulation could spark ‘severe downturn’

A decision by Canada’s banking regulator to impose further restrictions on borrowers has triggered fresh fears over how markets might react to lending curbs.

mortgagebusiness
New ASIC boss prioritises ‘cultural reform’

Incoming ASIC chair James Shipton has declared himself a “great advocate” of cultural reform as he prepares to take over from Greg Medcraft in February 2018.

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