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Compliance

Loan fraud on regulator's radar

by Staff reporter • 6 Feb 2015
According to the report, ASIC achieved 285 enforcement outcomes in the financial services sector during 2014. Of... READ MORE

Regulator strikes again: broker banned for three years

by Nick Bendel • 2 Feb 2015
The regulator announced last week that Warren Douglas Gelle has been banned from providing financial services for... READ MORE

Regulator punishes firm over property hype

by Nick Bendel • 30 Jan 2015
Consumer Affairs Victoria announced that it had accepted an enforceable undertaking from Accrue Property and that the... READ MORE

Diversify and thrive

by Nick Bendel • 29 Jan 2015
Some brokers must be sick of hearing about diversification. It’s a philosophy that has been promoted innumerable... READ MORE

The Murray Inquiry: Has the boat been rocked?

by James Mitchell • 27 Jan 2015
The Financial System Inquiry (FSI) flowed through 2014 like a recurring musical theme, keeping the industry on... READ MORE

How to save $50K on your mortgage: ASIC

by Staff Reporter • 20 Jan 2015
ASIC, which is also the government agency responsible for financial literacy, said Australians could save thousands... READ MORE

Regulator slams ‘inaccurate and speculative’ reporting

by Nick Bendel • 12 Jan 2015
The regulator announced last week that it had arrested two Melbourne brokers in relation to an alleged fraud... READ MORE

ASIC set to get tough in 2015: compliance expert

by Nick Bendel • 7 Jan 2015
ASIC announced yesterday that an investigation had led to the arrest of two Melbourne men for an alleged mortgage... READ MORE

Majors outpaced in latest APRA stats

by Nick Bendel • 6 Jan 2015
ING Direct made $27.2 billion of owner-occupied loans in November 2014, according to APRA statistics. That marked a... READ MORE

ACCC demands greater transparency from franchises

by Nick Bendel • 5 Jan 2015
The old Franchising Code was repealed and replaced with the new Franchising Code of Conduct at the start of the year,... READ MORE

Michael Russell says APRA action 'makes no sense'

by Nick Bendel • 23 Dec 2014
Chief executive Michael Russell said he was "astonished" by APRA's recent decision to warn banks about their investor... READ MORE

Banks call for immediate APRA action

by Staff Reporter • 22 Dec 2014
The current rules on risk weighting allow the big four banks to hold less capital than the non-majors, which the... READ MORE

Crystal balling for 2015

by Reporter • 18 Dec 2014
Bigger and better If you thought 2014 presented some incredible opportunities for mortgage brokers, 2015 is looking... READ MORE

The Word: Channel conflict

by Reporter • 18 Dec 2014
Bad for customers Smart banks know that they must avoid channel conflict, and banks should stop biting the hand that... READ MORE

2014: Year in review

by Huntley Mitchell • 18 Dec 2014
History may remember 2014 as the year in which brokers became the dominant force in the Australian mortgage market... READ MORE
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