Regulators

Big bank mergers: ACCC wants 'four pillars' policy examined

Published in Regulators
Be the first to comment!

ACCC chairman Rod Sims says the impact of the "four pillars" policy on competition in banking deserves "serious thought". Photo: Pat Scala

The consumer watchdog wants the "four pillars" policy that prevents big bank mergers to be put under the microscope, saying there is an argument it insulates the banks from fierce competition.

ACCC concerned regulations boost big banks

Published in Regulators
Be the first to comment!

The ACCC is concerned that regulation is giving the big four banks an unfair advantage. The competition watchdog has expressed concern that big four bank profits are being boosted by regulation rather than the lenders' own performance.

Broaden ASIC banning powers: Report

Published in Regulators
Be the first to comment!

The corporate regulator could soon have increased power to ban "unfit" senior managers, directors and officers of financial services companies. This is the key recommendation the ASIC Enforcement Review Taskforce flagged in its sixth report aiming to reform the regulator's banning powers of individuals working in the financial services and credit sectors.

NAB calls for broker ‘conflicts register’

Published in Regulators
Be the first to comment!

Major lender National Australia Bank (NAB) has proposed the creation of a conflicts register so brokers can record all soft dollar benefits they receive from lenders.

‘Big four’ banks change small business loan contract rules

Published in Regulators
Be the first to comment!

Carnell says the banks should also consider extending the cover to small business loan facilities up to $5 million

ASIC, ASBFEO welcome changes agreed to by the banks - The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and the Australian Securities and Investments Commission (ASIC) have welcomed new contract agreements from the ‘big four’ banks.

ASIC consults on new financial benchmark regime

Published in Regulators
Be the first to comment!

The corporate regulator has proposed a new regulatory regime for financial benchmarks including the bank bill swap rate, the consumer price index and the cash rate.

ASIC consults on new financial benchmark regime

Published in Regulators
Be the first to comment!

The corporate regulator has proposed a new regulatory regime for financial benchmarks including the bank bill swap rate, the consumer price index and the cash rate.

BANKING EXECUTIVE ACCOUNTABILITY REGIME

Published in Regulators
Be the first to comment!

In the 2017-18 Budget the Government brought forward a comprehensive package of reforms to strengthen accountability and competition in the banking system.

CONSULTATION: STRENGTHENING ASIC LICENSING POWERS

Published in Regulators
Be the first to comment!

Businesses providing financial products and services, or providing credit, are required to obtain and maintain a licence issued by ASIC. The Taskforce positions on reform seek to strengthen ASIC’s licensing powers by ensuring that it may take appropriate action to refuse to grant, or suspend or cancel a licence where applicants or existing licensees (or those who control them) are not assessed by ASIC as being fit and proper to be licensees.

ASIC industry funding model passes Senate

Published in Regulators
Be the first to comment!

The ASIC Supervisory Cost Recovery Levy Bill 2017 was passed in the Senate yesterday without amendments.

The new industry funding model for ASIC has been passed into law and will commence on 1 July 2017.

Cuzz Media

NAB VICTIM

Banking In Australia Today

Donate Please

Regulators

Big bank mergers: ACCC wants 'four pillars' policy examined

The consumer watchdog wants the "four pillars" policy that prevents big bank mergers to be put under the microscope, saying there is an argument it insulates the banks from fierce competition.

ACCC concerned regulations boost big banks

The ACCC is concerned that regulation is giving the big four banks an unfair advantage. The competition watchdog has expressed concern that big four bank profits are being boosted by regulation rather than the lenders' own performance.

Broaden ASIC banning powers: Report

NAB calls for broker ‘conflicts register’

Major lender National Australia Bank (NAB) has proposed the creation of a conflicts register so brokers can record all soft dollar benefits they receive from lenders.

‘Big four’ banks change small business loan contract rules

ASIC, ASBFEO welcome changes agreed to by the banks - The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) and the Australian Securities and Investments Commission (ASIC) have welcomed new contract agreements from the ‘big four’ banks.

ASIC consults on new financial benchmark regime

The corporate regulator has proposed a new regulatory regime for financial benchmarks including the bank bill swap rate, the consumer price index and the cash rate.

ASIC consults on new financial benchmark regime

The corporate regulator has proposed a new regulatory regime for financial benchmarks including the bank bill swap rate, the consumer price index and the cash rate.

BANKING EXECUTIVE ACCOUNTABILITY REGIME

In the 2017-18 Budget the Government brought forward a comprehensive package of reforms to strengthen accountability and competition in the banking system.

CONSULTATION: STRENGTHENING ASIC LICENSING POWERS

ASIC industry funding model passes Senate

The new industry funding model for ASIC has been passed into law and will commence on 1 July 2017.

More...

News

Major Topics

Helpful Resources

Socialize

About Us