2 senior managers dismissed and 3 disciplined for breaches.
Regulator says bank did not properly assess borrowers’ repayment ability.
Bonuses could be frozen when banks are in the midst of a scandal.
Regulator says ‘principles-based approach’ doesn’t ‘ensure sound residential mortgage lending assessments’.
Three ‘no-action’ conditions removed from disclosure statement rules.
Executive board member says climate change now has ‘potential system-wide implications’.
ADIs will be required to report on a quarterly basis.
Financial Markets Authority sets out seven priorities for the coming year.
Banks raise concerns about publication timing, data control, inclusion of liquidity metrics.
Investigation finds former banker encouraged elderly victims to borrow and invest despite their limited means.