APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.
The Reserve Bank of Australia has reported that its measures to cool investment lending in housing seem to be working.
The Australian Securities and Investments Commission is seeking industry views on new derivative transaction rules to govern the mandatory central clearing of over-the-counter trade from April next year.
ASIC has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture.
The Reserve Bank said the use of lending controls on banks can only be pushed so far, warning that it could also drive buyers elsewhere for their loans.
Australian banks’ lending for investment properties has tightened after regulators cautioned against aggressively funding the sector.
The Australian Prudential Regulation Authority (APRA) chairman Wayne Byres warns that authorities will step up scrutiny and monitoring of banks that will continue to lend aggressively to the housing sector.
Australia's chief securities regulator wants to introduce tougher criminal penalties for financial crimes so market participants are forced into following the law.
Regulators should pay close attention to banks’ lending standards and risk profile of borrowers to avert massive credit losses in banks in times of economic shocks, a Reserve Bank of Australia (RBA) paper revealed.
Australian Investments & Securities Commission has refined its market integrity rules by removing certain unnecessary compliance requirements on market participants.
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