ASIC has released a consultation paper (CP 316) on the first proposed use of its new product intervention power. On this inaugural occasion, ASIC is looking to address significant consumer detriment in the short term credit industry. Under their recommended Option 1: ASIC would use their product intervention power to:(a)make an industry-wide product intervention order … Continue reading “ASIC consults on proposal to intervene to stop consumer harm in short term credit”
The Australian Prudential Regulation Authority (APRA) has released its response to submissions on proposed changes to the application of the capital adequacy framework designed to support the orderly resolution of a failing authorised deposit-taking institution (ADI). APRA released a discussion paper in November last year proposing that the four major Australian banks be required to … Continue reading “APRA Caves Again”
We look at the latest from the ABS.
We look at the latest from the ABS.
From The Conversation. The New Zealand government’s plan to introduce deposit insurance is a welcome step. Last week, finance minister Grant Robertson announced a new deposit protection regime to make the banking system safer for customers and to strengthen accountability for banks’ actions. Worldwide, 143 countries have deposit insurance schemes, and New Zealand has long … Continue reading “NZ’s plan for deposit insurance falls well short of protecting people’s savings”
Property expert Joe Wilkes and I discuss the question of too many building approvals and the impact on the property market.
Property expert Joe Wilkes and I discuss the question of too many building approvals and the impact on the property market.
Property Expert Joe Wilkes and I discuss the trap which awaits property owners if they are unaware….
Property Expert Joe Wilkes and I discuss the trap which awaits property owners if they are unaware….
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
