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Regulation and innovation in mortgage lending

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A speech by Peter Kell, Deputy Chairman, Australian Securities and Investments Commission to the Australian Mortgage Innovation Summit 2016, 18 February 2016

Thank you for inviting me to speak to you today. Home lending plays a very important role in the Australian economy, as well as in the lives of millions of Australians.

Today I will speak about three main topics:

  • First, I will update you on ob体育鈥檚 work as Australia鈥檚 consumer credit regulator, including our focus in the home lending market on key protections such as the responsible lending obligations.
  • Second, I will touch on some outcomes from the Financial System Inquiry that are relevant to the home lending industry, including the Government鈥檚 announcement about a review of mortgage broker remuneration.
  • Third, I will talk about innovation, including in credit markets, and some important steps that lenders and brokers can take to realise the benefits and mitigate the risks of digital disruption.