The new rules limiting what banks can lend are aimed at real estate investors. APRA believes they’ll have little impact on first home buyers.
Economic circumstances do not justify the federal government’s rejection of the banking royal commission’s recommendations.
Under cover of a speech from the Reserve Bank governor, the Prudential Regulation Authority has moved to make it 10% easier to borrow.
Do regulators act in the public interest, or in the interest of those they are meant to regulate?
The Commonwealth Bank has been given responsibility to fix its own management mess. Regulators could have done a lot more.