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RBA: BNPL providers dodges a bullet
The buy now pay later providers have won a reprieve after the central bank’s payments board decided not to force them to...
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ASIC sues AMP for charging fees to dead customers.
The corporate watchdog has launched legal action against AMP for allegedly charging life insurance premiums and advice...
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ASIC consults on updates to the ePayments Code
On Friday the 21st of May ASIC released a consultation paper (CP 341 –...
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Banks face an avalanche of regulation
A top law firm has warned that Australia’s banks and finance companies are staring at a tsunami of legislative change in...
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Regulators have important surveillance role during coronavirus
A new survey by CFA Institute reveals most Australian respondents have very strong views on what regulators should do during the...
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ASIC says more could be done on loan deferral front
Following a number of meetings with bank and non-bank lenders, ASIC believes that more can be done by lenders to help their...
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APRA to take the pause button off bank licences
The prudential regulator will kick-start a phased approach to issuing new licenses as well as re-start its policy reform agenda....
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ASIC and APRA questioned on $274 billion loan pause
ASIC is looking beyond the pandemic and in particular to where the “waves of potential insolvency” in small business sectors may...
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Regtech still jumping hurdles
Awareness of the regtech industry and its capabilities has grown immensely in recent months however resistance is still felt at the...
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COVID-19 could impact global regulation
Changes in global regulatory activity are highly likely in the coming months as the financial industry looks to adapt to new ways...
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Hume confirms royal commission timeline delays amid COVID-19
The bulk of the royal commission recommendations that were slated to be implemented will be delayed as COVID-19 overtakes the...
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Best interest duty set to increase documentation for industry
A bigger focus on documenting client interactions will be key for mortgage brokers once the Best Interest Duty rolls comes into...
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