94

APRA has cut a A$1 billion capital penalty it imposed on Commonwealth Bank by $500 million in response to the bank’s progress in addressing concerns about its governance, accountability and risk cultu.. read more

The government is concerned about a lack of clarity in the regulatory arrangements for some emerging payment systems, such as cryptocurrency, and uncertainty about the adaptability of regulatory setti.. read more

A leading institutional investor has put lenders on notice that the investment community will be watching carefully to see how they adjust their policies and processes in response to the removal of re.. read more

The Australian Securities and Investments Commission’s latest review of the buy now pay later sector dispels any doubt about whether ASIC has regulatory power over the fast-growing consumer credit mar.. read more

The proportion of households struggling to make mortgage payments more than doubled between June and October, according to new data from the Australian Bureau of Statistics. read more

A bill amending anti-money laundering and counter-terrorism financing legislation that was introduced into the Parliament in October last year, was passed in the House of Representatives last week and.. read more

The chair of the Australian Business Growth Fund, Will Hodgman, has quit after only a few months in the role and will be replaced by former New South Wales Premier and NAB senior executive Mike Baird. read more

The Australian Prudential Regulation Authority has softened its stance on the most controversial aspect of its new remuneration standard for financial institutions – the imposition of a hard limit on.. read more

Banks and other financial institutions need to start considering their services from a family violence perspective, a new report argues. read more

CBA loan deferrals are down 75 per cent from the end of June, and now just 1.3 per cent of SME loan customers and 2.9 per cent of home loan customers are in deferral. read more