Regulatory Changes for Non-Bank Lenders: ASIC Scrutiny and CDR Expansion
The Australian financial landscape has witnessed a notable rise in the significance of non-bank lenders, particularly private entities such as family offices, specialized funds, and private companies. These players provide crucial capital, often catering to borrowers or segments underserved by traditional banking institutions. However, this growth, occurring partly outside the full glare of prudential regulation applied to banks, has attracted increasing attention from regulators.