99 results found

The EU's new regulations regarding investments in securitisation transactions came into effect on 1 January 2019.

An exposure draft of the Finance Broking Bill has been released. The draft bill introduces the long anticipated national regulation of finance brokers.

Although these structures share some common features, many variations of such structures exist and transactions are often bespoke. As a consequence those first to access this market in Australia will potentially set the domestic standard.

On 21 November 2008, the Government released: the Guarantee that will apply to deposit liabilities held with eligible Australian authorised deposit-taking institutions (ADIs) in excess of $1 million and to wholesale funding liabilities of eligible ADIs; and the Rules that will govern access to the Guarantee.

Developments in Credit Regulation; Cook and Anor v Permanent Mortgages Pty Ltd [2007] NSWCA 219

In this issue: Unregulated loans riskier than UCCC loans?; Can your borrowers repay their loans?

Victoria is piloting electronic conveyancing. At this stage the proposals are limited to electronic settlements and the rest of conveyancing practice will remain unchanged. The Victorian Department of Sustainability and Environment have released consultation drafts of documents relating to this Electronic Conveyancing System (EC System).

An explanatory package outlining proposals to streamline the disclosure of essential financial information to accompany credit contracts has been released for public consultation. Submissions on the package close on 31 March 2006.

Gadens Lawyers has identified a number of problems with the proposed amendments to the Land Title Act (Qld) 1994. A fundamental problem is the prescribed process of checking identification needs to be clarified. As a $1,500 penalty applies for each non-compliance, clarity is essential.

Islamic finance is premised upon the belief that commercial activity should be beneficial to society and reflect sound moral and ethical standards.

A number of Commonwealth and New South Wales legislative amendments commenced on 1 July 2004.

A look at how foreign bank activities in Myanmar are severely curtailed.

On 13 November 2006, the Australian Prudential Regulatory Authority (APRA) released a discussion paper and accompanying draft prudential practice standard on securitisation in the form of a new draft (new APS 120) of the existing Prudential Standard APS 120 ‘Funds Management and Securitisation’ (current APS 120).

Blogs relating to Basel Committee on Banking Supervision agreement on measures to rengthen global capital standards.

Mortgagees in Queensland must now take "reasonable steps" to identify the person(s) signing the mortgage as mortgagor, or risk losing indefeasibility of title.

The new draft amended prudential standard is clearer and simpler than the current APS 120 or the previous proposals.