🇦🇺 Global & Aussie Finance Watch: Regulatory Clamps, Cost Pains, and Pay Deals

The corporate regulator, ASIC, is demanding a significant lift in standards from Australia’s rapidly growing private lending sector. This industry has extended about $200 billion in loans, much of it to higher-risk property developers. ASIC warns that without immediate improvement, the sector will face tighter regulation akin to banks. This move aims to control risk in a market with high-interest loans.

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