As you are no doubt aware, late last month ASIC finally released its Regulatory Guide RG273: Mortgage Brokers: Best interests duty. QED produced a very brief communication on this a couple of days after. It was very brief, wrapp...
Best Interests obligation
The Royal Commission recommended that mortgage brokers be required to act in the best interests of their clients, in line with the existing requirements for financial planners, and the Act itself contains only the vague and...
In a turn of events that surprised even QED, on Tuesday the judgment in the landmark ASIC v Westpac responsible lending case was handed down in resoundingfavour of Westpac.
Notwithstanding any appeal, the judgement has a resounding impact on h...
Brokers will be well-aware of the continuously changing landscape in 2018 with how accreditations work. Commonwealth Bank has been the main antagonist in this regard, but QED has been fielding a lot of requests from Licensees whose compliance pla...
QED Risk Services has noted recent commentary stating that the Household Expenditure Measure (HEM) is "likely to be abandoned". Not only did QED see this one coming once we read the first few words of the announcement about Westpac, we ...