Australia

RBNZ Proposes Tightening Mortgage Lending

By Editors | 07/06/2015

The Reserve Bank of New Zealand (RBNZ) has published a consultation paper about proposed changes in mortgage lending. Consultation is […]

Super Funds Need More Independent Directors

By Editors | 05/06/2015

Investment consultancy firm Mercer has published a report recommending that superannuation fund boards in Australia be required to appoint a greater proportion of independent directors.

Australian Regulators to Investigate Excessive Credit Card Rates at Banks

By Editors | 02/06/2015

Financial regulators are expected to investigate the record gap between the Reserve Bank of Australia (RBA) official interest rate and credit card rates.

ASIC Proposes Register of “Bad Apple” Stockbrokers

By Editors | 02/06/2015

In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.

Australia’s Top Regulators Put Banking Culture and Incentives in the Firing Line

By Editors | 01/06/2015

APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.

Steps to Cool Property Market Having Positive but Modest Effect, reports RBA

By Editors | 01/06/2015

The Reserve Bank of Australia has reported that its measures to cool investment lending in housing seem to be working.

ASIC Issues Derivative Transaction Rules for Central Clearing of OTC Trade

By Editors | 29/05/2015

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.

Investment Banks Need Corporate Culture Shift, says ASIC

By Editors | 28/05/2015

ASIC has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture.

Australia’s RBA to Monitor Underground Home Loans

By Editors | 27/05/2015

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.