The framework sets out how the BSP will assess the risks an FI poses to consumers so that supervision can be more risk-based and calibrated.
April 4, 2024BNPL providers will be required to obtain a credit licence, comply with requirements under the Credit Act, and make sure they are lending responsibly.
March 13, 2024Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has "had its day".
February 26, 2024The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.
February 5, 2024ASIC is conducting a review into the use of AI in the banking, credit, insurance, and advice sectors to better understand use cases and impacts to consumers.
February 2, 2024This is the first time ASIC has undertaken a public consultation before making a decision on approving the Banking Code of Practice.
November 19, 2023The law grants California's DFPI the authority to develop a regulatory framework for crypto activities in the state.
October 18, 2023The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.
August 2, 2023The UK government and Treasury have rejected a parliamentary committee’s suggestion to regulate crypto trading and investment as gambling.
July 21, 2023ASIC warned it will take enforcement action against trustees who do not comply with their obligations to identify and merge duplicate member accounts.
June 30, 2023