Royal Commission: QED Deeply disappointed with a complete failure to understand the broking industry by RC Read more
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ASIC recently announced the CBA would be fined $180k for failures in meeting its responsible lending obligations. CBA self-reported the matter to ASIC after identifying a systems failure in calcula...
QED Risk Services’ Director, Greg Ashe, the mortgage broking industry’s number one compliance services provider, met with senior managers of the Australian Securities and Investments Co...
In separate press releases in the past few days, both ASIC and APRA have raised questions in public forums, differentiating broker-introduced loans from in-bank loans. On Tuesday 25 August, APRA C...
Yesterday ASIC released a statement that it has taken Bank of Queensland to task over its loan assessment practices. ASIC was concerned that BoQ was using the Henderson Poverty Index as a benchmark...
ASIC announced on Friday that another Australian Credit Licence has been cancelled, including the banning of an industry participant. The reason for the banning and credit licence cancellation was...