Search: ASIC

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RBA Glossary definition for ASIC

ASIC – Australian Securities and Investments Commission. One of three Australian Government bodies (the others being the Australian Prudential Regulation Authority and the Reserve Bank of Australia) that regulates financial services. ASIC is the national regulator of Australia's companies. ASIC has responsibility for market protection and consumer integrity issues across the financial system.

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References

22 Jul 2020 RDP 2020-03
Michelle Bergmann
ASIC (Australian Securities and Investment Commission) (nd), ‘Problems Paying Your Mortgage’, viewed 25 February 2020.
https://www.rba.gov.au/publications/rdp/2020/2020-03/references.html

The Determinants of Mortgage Defaults in Australia – Evidence for the Double-trigger Hypothesis

22 Jul 2020 RDP 2020-03
Michelle Bergmann
In Australia, lenders issue borrowers with a notice of default once a loan enters 90+ day arrears (ASIC nd).
https://www.rba.gov.au/publications/rdp/2020/2020-03/full.html

Stylised Facts

22 Jul 2020 RDP 2020-03
Michelle Bergmann
In Australia, lenders issue borrowers with a notice of default once a loan enters 90+ day arrears (ASIC nd).
https://www.rba.gov.au/publications/rdp/2020/2020-03/stylised-facts.html