Pursuits
Australia’s APRA to Weigh Action on Mortgages Next Month
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Australia’s banking regulator will determine next month whether any bank is breaching sound mortgage-lending practices and consider supervisory action, though any response won’t be made public.
The Australian Prudential Regulation Authority is assessing plans and practices of individual banks and the focus is to ensure emerging risks and imbalances are contained, Wayne Byres, chairman of the regulator, told lawmakers in Canberra on Friday.