A prudential approach to mortgage financing
Heidi Richards, General Management, Plan Developing – Macquarie University Financial Danger Day, Sydney
It really is a satisfaction to be around as of this seminar and also to are able to find out about ‘booms, bubbles and busts’. I really hope to come up with some conversation on exactly how prudential direction can possibly influence providing pattern characteristics within the housing industry.
APRA prudentially regulates finance companies along with other deposit-taking establishments (ADIs). In belated 2014, APRA (after talking to our other economic regulators) flagged our intention to carry out more intensive supervision to bolster sound financing requirements into the mortgage sector that is residential. We worked extremely closely with big and little ADIs during the period of 2015, and our evaluation is the fact that this has received a product and impact that is positive providing criteria. Read more
