Financial Services Financial Services

AFG's Connective Group deal could harm mortgage-aggregation market, Australian regulator warns

By James Panichi
  • 11 Feb 2020 17:41
  • 11 Feb 2020 19:06

Connective Group's acquisition by rival Australian Finance Group may substantially lessen competition in the supply of mortgage-aggregation services to mortgage brokers in Australia, the country's competition watchdog has warned.

In a statement of issues published today (see here), the Australian Competition & Consumer Commission, or ACCC, also suggested that the

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James Panichi

Senior Editor, Asia Pacific

James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the European operation of US political website Politico as an investigative reporter specializing in governance, transparency and lobbying.

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