MP3: Financial regulator keeping close eye on banks

26.11.2013

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Financial regulator keeping close eye on banks MP3

The financial regulator says it's 'working assertively' with banks to make sure they don't slash their home lending standards to chase more business. The Australian Prudential Regulation Authority's chairman, John Laker, told an economics lecture that banks need to remember the lessons of the US housing meltdown. He says bank directors have assured him that lending standards are being maintained, and APRA audits have... Source: abc.net.au

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