March 02, 2017 05:00pm • News • Greg Ashe

How Brokers Can Stay NCCP Compliant in 2017

Towards the end of 2016, QED heard ASIC talking about what we think is their next major focus - a licensee's 'General Conduct Obligations'.

Some brokers think compliance means reviewing some of their loan files every now and then. Complia...

October 31, 2016 05:00pm • ASIC News • Bobby Woon, QED Risk Services Compliance Consultant

Brokers: Key findings from ASIC Report 493 Interest-Only Loans and what it means for Responsible Lending

At QED Risk Services, we have always emphasised the importance of detailed data gathering in demonstrating compliance with the Responsible Lending Obligations.

The September 2016 release of ASIC Report 493 Interest-Only Loans confirms what we have b...

September 26, 2016 05:00pm • ASIC News • Paul Schultz

ASIC recently announced CBA failed to meet its Responsbile Lending Obligations

ASIC recently announced CBA would be fined $180k for failures in meeting its responsible lending obligations. CBA self-reported the matter to ASIC after identifying a systems failure in calculating consumers' ability to service approved overdrafts, aff...

November 25, 2015 05:00pm • ASIC News • Greg Ashe

ASIC's expectations on Responsible Lending

In an effort to maintain its place as the mortgage broking industry's number one compliance services provider, QED Risk Services' Director, Greg Ashe, met with senior managers of the Australian Securities and Investments Commission this week.

Amongs...

August 27, 2015 05:00pm • News • Kathy Ashe

Regulators dial up the heat on brokers

In the past few days, both ASIC and APRA have stated uncomplimentary statistics about differentiating broker-introduced loans from in-bank loans.