Michael Saadat news

ASIC begins shadow shopping brokers

NEWS

ASIC begins shadow shopping brokers

The exercise is part of ASIC's review of mortgage broking practices

ASIC’s big plans for the broking industry

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ASIC’s big plans for the broking industry

ASIC’s Michael Saadat talks about the regulator’s latest deep dive into interest-only loans and its upcoming shadow shopping exercise

When foe becomes friend

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When foe becomes friend

In a rare moment, ASIC, APRA and the RBA spoke on the benefits brokers provide consumers, all while UBS' latest report continued to spark outrage

ASIC disagrees with UBS 'liar loan' report

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ASIC disagrees with UBS 'liar loan' report

The regulator has also said that consumers are “not the best judge” when it comes to underwriting standards

ASIC levy may cost $250 per credit rep

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ASIC levy may cost $250 per credit rep

More details have emerged about how much ASIC’s cost recovery scheme will set credit providers back in the future

ASIC on triple review rampage

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ASIC on triple review rampage

The regulator has revealed details of its reviews on interest only lending by brokers, loan fraud allegations, and reverse mortgages

11 lenders implicated in ASIC home loan investigation

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11 lenders implicated in ASIC home loan investigation

The regulator has been in discussions with 11 banks in its ongoing inquiry into responsible mortgage lending

ASIC promises "well informed" remuneration review

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ASIC promises "well informed" remuneration review

A senior executive from the regulator has said the review will delivered within a couple of weeks

AB issue 13.10

AB (DISCONTINUED)

AB issue 13.10

Michael Saadat: ASIC’s senior executive leader for Deposit Takers, Credit and Insurers addresses brokers’ fears over the regulator’s review into remuneration

NEWS

Brokers on notice in interest-only crackdown

Corporate regulator ASIC has announced a new review into the mortgage broking sector, focusing on a broker’s responsibilities in regards to interest-only lending

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