The Turnbull Government's plans for a one-stop dispute resolution body has moved a step closer to reality, with the Bill to establish the Australian Financial Complaints Authority passed by the Senate yesterday. AFCA will commence operation in the second half of 2018,  replacing the existing Financial Ombudsman Service, Credit and Investments Ombudsman and the Superannuation Complaints Tribunal. "AFCA ... will operate under significantly higher monetary limits and compensation caps [and] provide considerably greater access to redress for consumers and small businesses," Kelly O'Dwyer, Minister for Revenue and Financial Services, said. AFCA's operations will be reviewed 18 months from its commencement. The Bill will now move to the House of Representatives for final passage.  AMP's A$1.1 billion residential mortgage loans PROGRESS 2017-2 has been priced. The transaction consists of five tranches, denominated in AUD, originated by AMP Bank. The $1.01 billion Class A notes were rated AAA and Aaa by S&P and Moody's, respectively. The notes were prices at 95 basis points over the one-month bank bill swap rate. The $58.85 million AB Notes were rated AAA by S&P and priced at 1.40 per cent over BBSW. The $17 million B notes, were rated AA by S&P and priced at 1.80 over BBSW. The C Notes were rated A by S&P and priced at 2.65 over BBSW; the unrated D Notes priced at 5.75 per cent over BBSW. Co- arrangers were WUFG Securities and Westpac Banking Corporation.