Review of interest-only home loans

Overview   This report sets out ASIC’s findings from a review of home loans with an interest-only period during the initial part of the loan (interest-only home loans). The review looked at the practices of 11 lenders who offer interest-only home loans. The review found examples of practices that place lenders at risk of breaching responsible lending obligations. The report details these findings and sets out a number of actions that Australian credit licensees (credit licensees) should take. All 11 lenders that were included in this review have agreed to implement the actions set out in this report

Financial advice: fees for no service

In 2015, ASIC commenced a project to review the extent of failure to deliver ongoing advice services to financial advice customers who were paying fees to receive those services. The project covers Australian financial services (AFS) licensees that are product issuers or provide personal advice to retail clients, and that are part of AMP Limited, Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, Macquarie Group Limited, National Australia Bank Limited and Westpac Banking Corporation. This report outlines the findings and outcomes to date

Non-GAAP earnings: International overview and suggestions for future research

This paper shows how non-generally accepted accounting principles (GAAP) earnings have been found to be more informative than GAAP earnings in several scenarios like countries where non-GAAP disclosures are compulsory and countries where these disclosures are voluntary but regulated

EC Second Banking Coordination Directive implementation Principles, core rules and SIB rules

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Proposed amendment to the ICS rules

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Fees 1996/97

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Product and commission disclosure, cancellation and glossary and interpretation

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