The Commission received 1,211 public submissions identifying small business finance as part of their dealings with financial services. These submissions also included issues with larger lenders, smaller ADIs and intermediaries. Issues raised in submissions were similar in nature to issues Read More …
Tag: finance
Submissions by state/territory
Submissions identifying small business finance as a relevant issue were received from all states and territories. The largest proportion of submissions relating to small business finance came from New South Wales (357 submissions), followed by Victoria (281 submissions), Queensland (272 Read More …
Total submissions
The Commission has received a total of 1,211 submissions that identified small business finance as a relevant nature of dealing, making up approximately 12% of the total 10,323 submissions received.
Overview
From the outset, consumer-related lending was a focus of concerns raised with the Commission about potential misconduct or conduct falling below community standards. This was reflected in the information received from members of the public, regulators, external dispute resolution bodies, Read More …
Submissions by state/territory
Submissions identifying consumer lending and personal finance as a relevant issue were received from all states and territories.The largest proportion of submissions relating to consumer lending and personal finance came from New South Wales (1,498 submissions), then Victoria (1,189 submissions), Read More …
Total submissions
The Commission received a total of 5,099 submissions that identified consumer lending and personal finance as a relevant issue in their dealings with a financial services entity. This made up approximately 50% of the total of 10,323 submissions received by Read More …
Consumer lending and personal finance
Issues relating to consumer lending were examined in the Commission’s first round of its public hearings, held in Melbourne from 13 –23 March 2018. The Commission inquired into aspects of the treatment of consumers by banking and financial services providers Read More …
7.4 Periodic capability reviews
The pace of change in the finance sector must be responded to by its regulators. As the market moves, regulators should consider if their structure and processes remain appropriately adapted to market conditions. ASIC has recently undergone a capability review. Read More …