Marketplace lending recognised via ASIC guidelines 22 March 2016 5:52PM ASIC has released guidance for providers of marketplace lending products (also known as 'peer-to-peer'), including information about their legal obligations. read more
FSI work continues to hasten slowly, in shadow of an election 22 March 2016 5:52PM At yesterday's ASIC annual forum for 2016, a panel of regulation and consumer protection experts took another look at the Financial Services Inquiry, now that some of its findings and recommendations.. read more
Credit markets demand 'APRA risk premium' 21 March 2016 5:14PM Wholesale credit markets are demanding Australian banks pay a higher premium for regulatory risk than their offshore peers for tier two issuance, in particular. And the main reason is perceived uncert.. read more
Neu.Capital raises the stakes in SME marketplace lending 18 March 2016 4:46PM An online marketplace lender that aims to connect small and medium sized businesses with sophisticated and institutional investors is launching next month. read more
Funding platforms on the rise across APAC 17 March 2016 5:55PM China and Oceania (primarily Australia, New Zealand) and are emerging from the pack in the APAC region, when it comes to acceptance and use of the fintech market, according to a new benchmarking repor.. read more
ANZ's compliance-based problems continue to cut 16 March 2016 5:10PM The arm-wrestling between ASIC and ANZ - and Australia's big banks generally - over poor culture and non-compliance continued yesterday, when ANZ confirmed it had engaged PricewaterhouseCoopers back i.. read more
St George execs outplayed by Westpac 15 March 2016 5:11PM A group of seven former St George Bank senior employees have failed in their respective Federal Court appeals against the adequacy of their redundancy and termination of employment payments. read more
ING launches prime RMBS 15 March 2016 5:08PM ING Bank (Australia) is marketing a series of notes to raise $A460 million via what is to be known as the IDOL 2016-1 Trust. These notes are backed by fully verified ("full doc") Australian prime resi.. read more
China-led slowdown shows up in mining state securitisations 15 March 2016 5:07PM China's (Aa3, negative) economic slowdown has a spillover effect on Asia Pacific economies, which can in turn negatively affect the performance of the assets backing securitisation deals in those mark.. read more
Columbus Capital fails to impress Federal Court on $3.3m 'out of pocket test' 14 March 2016 5:06PM The long-running dispute between Pioneer Mortgage Services and Columbus Capital moved a step closer to resolution this week, with Federal Court judge Justice Jayne Jagot ruling on several key areas of.. read more