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Compliance
Net of offset policies should ‘mirror’ clawback provisions
by Charbel Kadib • 23 Sep 2019
Loan Market head Sam White has joined the call for a more equitable application of net of offset reforms that better...
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Big 4 expected to demand clarity from ASIC
by Sarah Simpkins • 19 Sep 2019
Former YBR head Tim Brown has become the latest industry representative to warn that hazy guidelines around responsible...
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New law would give ASIC greater banning powers
by Annie Kane • 13 Sep 2019
A consultation has launched for new legislation that would broaden the financial services regulator’s powers so it...
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ASIC to release loan fraud report next month
by Annie Kane • 12 Sep 2019
The financial services regulator has revealed that it is to release a major publication on loan fraud next month, which...
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Industry sees bright side of ASIC findings
by Charbel Kadib • 30 Aug 2019
The findings from ASIC’s shadow shopping exercise “reinforces the value” of mortgage brokers by highlighting the...
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ASIC reveals findings of shadow shopping exercise
by Charbel Kadib • 29 Aug 2019
Brokers were “inconsistent” in the ways they presented mortgage options to borrowers and sometimes provided little...
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AFCA seeks greater input in ASIC interventions
by Charbel Kadib • 28 Aug 2019
The external dispute resolutions scheme has backed the corporate regulator’s new product intervention powers and has...
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ASIC reveals barriers to accessing financial advice
by Adrian Flores • 27 Aug 2019
High cost, distrust of financial advisers and difficulty engaging with the industry are among the barriers preventing...
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Best interests duty ‘reflects customer expectations’: Treasurer
by Charbel Kadib • 26 Aug 2019
Treasurer Josh Frydenberg has backed the federal government’s newly proposed best interests duty on mortgage brokers,...
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‘The age of the regulator’: Compliance to get harder
by Tas Bindi • 21 Aug 2019
New research has shown that there is little expectation that the “regulatory pendulum will have swung back by 2025”...
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