One of the most memorable lines of the banking royal commission is still relevant to assessing how our super system is performing today.
Outgoing banking regulator Wayne Byres says the “Australian obsession” of housing had been a constant feature during his eight years in the role and that there are positives to falling prices.
The country’s top banking regulator has been at APRA since it started in 1998 and has spent eight years in the top job,leading it during a tumultuous period.
APRA chairman Wayne Byres says the regulator wants safety,but that doesn’t mean protecting incumbent banks from new business models.
Banks will be required to set aside more capital for higher risk interest-only and investor mortgage under long-planned changes to the capital framework.
APRA chairman Wayne Byres is having a bet each way on whether to intervene in the hot lending market.
The banking regulator says it could impose limits on higher-risk loans if they raised risks for the financial system.
Banks are set to cut tens of thousands of dollars off the maximum amounts home buyers can borrow,after the regulator stepped in to tighten lending rules.
The banking regulator highlighted a drop in the value of some emissions-intensive assets,such as coal-fired power plants.
The powerful banking regulator says it will revise the guidance that prompted banks to defer billions in dividend payments.
The financial regulator has signalled to investors that it will not require dilutive equity raisings if lenders run down their capital buffers in months ahead.