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Regulation

ASIC investigating money laundering claims

The financial services regulator has revealed that it has “commenced inquiries” into the Commonwealth Bank regarding alleged breaches of the Anti-Money Laundering and Counter-Terrorism ...

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Housing resilience puts pressure on APRA

A leading economist believes that the continued strength of the housing market could force the banking regulator to announce even tighter restrictions on mortgage lending as a rising Aussie ...

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Regulator confirms broader mortgage industry probe

The competition watchdog has confirmed it will soon be conducting deep-dive “market studies” into the mortgage industry and broader financial services sectors following the ASIC review into ...

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Politicians winning the battle on bank regulation

The former third-party boss of Advantedge has explained how banks are struggling to cope with the raft of recent regulatory changes.

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O’Dwyer parries calls for regulator scrutiny, introduces next AFCA stage

The Royal Commission risks becoming “an inquiry looking for something to inquire about” should it turn its eye on the regulators, the Minister for Revenue and Financial Services has said

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ASIC and APRA powers should come under scrutiny, says Bowen

Shadow Treasurer Chris Bowen MP has renewed calls for a Royal Commission into the financial sector, adding that it should look into the “evolving architecture” of financial and prudential ...

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ASIC set to obtain new phone-tap powers

Treasury is consulting on new measures that will give ASIC access to information obtained from telecommunications interception warrants.

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‘Significant opportunity’ for self-regulatory response to remuneration

There is a "significant opportunity for the mortgage industry, in consultation with government... to develop a self-regulatory response to change payments in mortgage broking", according to ...

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First ASIC invoices to be issued in January

Regulated entities will be invoiced by ASIC in January 2019 for regulatory services provided by the commission for the 2017/18 financial year.

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Bank CEO admits regulation has hurt consumers

As Americans brace for Trump’s vision of a deregulated banking system, US businessman and JP Morgan chief Jamie Dimon explains how regulatory imposed credit restrictions have actually hurt ...

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