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Regulation

Regulatory changes continue to weigh on Genworth

Genworth Australia has posted mixed results for the three months to 31 March with CEO Georgette Nicholas flagging ongoing pressure in an environment of increased regulation.

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APRA seeks to reduce 'contagion risk'

Australian banks will be required to limit their exposures to unrelated counterparties to 25 per cent of Tier 1 Capital as APRA seeks to reduce "contagion risk".

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Oversimplifying housing affordability ‘cynical and cruel’, says Treasurer

The Treasurer has stressed that a housing affordability fix “must involve a scalpel, not a chainsaw” and has looked to the UK housing sector experience as “valuable” for Australia.

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Government backs APRA review of capital requirements

Treasurer Scott Morrison has announced the government’s endorsement of APRA’s decision to take on capital requirements in ensuring that the nation’s banks are “unquestionably strong”

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Regulatory measures won’t halt pressure on house prices: Moody’s

While “credit positive” for banks, it “remains to be seen” how effective APRA and ASIC’s latest measures will be in moderating house price appreciation, according to the ratings agency

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ASIC ‘troubled’ by surge in interest-only loans

The outgoing chairman of the Australian Securities and Investments Commission has said that the commission is “troubled” by the recent surges in interest-only loans.

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Serviceability buffers tipped to rise in fresh APRA crackdown

Morningstar has outlined the likely action APRA will take to curb investor lending after the impact of its initial efforts to cool the market appear to be fading.

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‘Regulatory risk’ bad news for LMI

Analysts expect further regulatory measures to curb investor lending will hurt LMI provider Genworth, which recently lost one of its largest clients.

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Capital requirements top of APRA’s agenda

Bank capital requirements will be APRA’s main policy focus for 2017, according to chairman Wayne Byres.

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APRA: Direct ‘competitive instincts’ away from investors

At the A50 Australian Economic Forum in Sydney last week, APRA chairman Wayne Byres explained the consequences for banks that exceed the 10 per cent annual growth benchmark for investor ...

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