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.
Spikes in the Australian dollar ahead of Reserve Bank interest rates decisions were the result of lower liquidity in the market before announcements are made, Australian Securities & Investments Commission said in a preliminary finding.
Australia’s Financial System Inquiry has urged local banks to boost their capital position amid risk that the federal government could lose its triple-A credit rating.
The Australian Securities and Investments Commission’s investigation on UBS, a key adviser on the privatisation of NSW Coalition, now involved interviews with top officials at the bank including its Australia chief executive Matthew Grounds.
The Australian Securities and Investments Commission (ASIC) is investigating some of the country's biggest wealth managers for charging clients for financial advice even when no advice has been provided.