Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

FBAA director to lead broker federation as chair

peterwhite fbaa ta peterwhite fbaa ta
Tas Bindi 5 minute read

The head of the FBAA has been elected as the chair of a recently established cross-border organisation aimed at fostering greater collaboration between brokers from different countries.

The International Mortgage Brokers Federation (IMBF) has appointed Peter White, the managing director of the Finance Brokers Association of Australia (FBAA), as the chair of its board of governors. 

The IMBF was launched in Canada in October last year by the FBAA and the Canadian Mortgage Brokers Association (CMBA) to help influence regulation and legislation through global advocacy.

Canadian broker Janet McKeough from Success Mortgages, who is involved in the federation, previously told The Adviser that “governments need to understand products offered by the financial institutions direct to their clients [are] significantly more harmful to consumers, [such as] credit cards without income confirmation or qualification, unsecured lines of credit being automatic when mortgages are funded, and collateral charges without full and proper disclosure.”


During the time of its launch, the FBAA managing director, who played a significant role in the establishment of the federation said: “I was doing the FBAA’s global research paper in 2016 after discovering that Canada was also looking at establishing a collaborative international group of finance brokers.

“One of the catalysts for creating the federation was the realisation that finance regulators in each country had been talking to each other and sharing knowledge and regulatory outcomes, and we felt we would benefit tremendously by doing the same thing.

“We worked with the CMBA to form the IMBF on a platform of sharing ideas, referring clients, gathering market intelligence, identifying trends, and keeping up to date on regulatory matters and industry best practices.”

Mr White reiterated the collaborative purpose of the federation – which comprises members from Australia, Canada, the US, New Zealand, the Netherlands and the UK, with members from other European and Asian nations expected to join – further claiming that the IMBF has already made an impact.

“The IMBF has already proven its worth in the FBAA response to the banking royal commission. The commission was told by a major bank that the Netherlands broker model should be implemented here,” the FBAA managing director said.


“Our colleagues in the Netherlands quickly explained the failures of that model and our resulting submission saw both sides of politics, and the commission itself, reject the idea.”

To keep members informed, Mr White said the federation also discusses “property markets, economies, regulations, global codes of conduct, rules of ethics, data research and best practice”.

The other purpose of the IMBF is to act as a “global referral network” should broker clients move abroad.

[Related: International Mortgage Brokers Federation launches]

FBAA director to lead broker federation as chair
peterwhite fbaa ta
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Tickets are on sale now. Work smarter, not harder, this year.

peterwhite fbaa ta
Tas Bindi

Tas Bindi

Tas Bindi is the features editor for The Adviser magazine. 

Prior to joining Momentum Media, Tas wrote for business and technology titles such as ZDNet, TechRepublic, Startup Daily, and Dynamic Business. 

You can email Tas on: This email address is being protected from spambots. You need JavaScript enabled to view it.



more from the adviser
Sydney Sydney mayor launches business support, calls for JobKeeper

Sydney’s mayor has urged the federal government to resurrect Jo...

mortgage payments money Banks accused of bias against BNPL in lending process

An executive from buy now, pay later provider Zip has echoed repo...

Brisbane bridge sunset ta Expect Olympics-fuelled growth in Qld, says broker

South-East Queensland can expect a spike in residential and comme...