mortgage regulation
Banking on housing
… Guide on sound risk management practices for residential mortgage lending;[2] and at the end of last year, we wrote to … . Prudential Practice Guide APG223 Residential Mortgage Lending . Available at www.apra.gov.au . … Available at www.asic.gov.au . The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
APRA Chair John Lonsdale - Speech to Citi Australia and New Zealand Investment Conference
… to macroprudential policy and risks in the residential mortgage sector. It is consistently the topic I am asked most … contact APRA on 1300 558 849 . The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
The incentive to fly safely
… profits don’t jeopardise passenger safety. Although regulation imposes costs, and there are sadly still … the cheapest and the safest that it’s ever been. Financial regulation is designed to make financial institutions safer, … rewards – are prevalent: financial advice, broking, mortgage lending, insurance sales, financial markets trading. …
APRA Chair Wayne Byres - Speech to COBA 2019, the Customer Owned Banking Convention
… package for mutual banks are: a more granular approach to mortgage risk weights to better reflect risks in this core … That brings me to the final point I want to make, about mortgage risk weights. Much is made of the headline … that the competitive landscape is shaped by more than regulation. Regardless of perceived regulatory headwinds, the …
Basel III: The journey and the destination
… the NSFR recognises that a sound funding profile for mortgage lending does not require 100 per cent stable … broad terms, only two-thirds of funding for conventional mortgage lending need be provided by stable sources … driven by the marketplace, as much as being a response to regulation. The fact that Australian banks are already …
Opening Statement to the House of Representatives Standing Committee on Economics - August 2020
… loan repayment deferrals and expectations in relation to mortgage serviceability assessments. 11 May (and weekly … in Superannuation 5.1 5.2 5.3 APRA should strength its regulation and supervision of remuneration In progress. APRA … contact APRA on 1300 558 849 . The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Mutuals after turbulent times
… official cash rate to 3.0 per cent and pushed market and mortgage interest rates to historical lows. This easing is … were to rise some way above current levels and as mortgage interest rates increase from their generation-low … underpinned by better — not necessarily more — prudential regulation and supervisory oversight. This is a very broad …
Supervisory lessons from the global financial crisis
… of aggressive lending at high loan-to-valuation ratios. Mortgage interest rates have also been on the rise from their … most valuable when least valued! The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
APRA Executive Director of Insurance Sean Carmody speech to Future of Insurance 2024
… stress and we are seeing levels of hardship across mortgage borrowers. Insurance premiums are rising and the … of our community. Sean Carmody The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Mutuals in unsettled times
… been mainly around pricing and service, through discounted mortgage rates, special introductory offers and prompt … This is an arrangement under which an ADI ‘packages’ mortgage loans on its books into an instrument that can be … with such great potential. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Securitisation in Australia - a milestone reached - a new beginning?
… context, with the majority of ADI assets being residential mortgage loans, APRA’s view is there is substantial potential … will be happy to take questions. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
The Australian banking system under stress?
… used to manage risk. Rather, it was being used to manage regulation. Stress-testing was not so much regulatory … prudential framework for ADI housing lending and lenders mortgage insurance and in confirming that ADI housing lending … and income-producing real estate sectors. Residential mortgage lending portfolios experienced their greatest losses …
APRA's Basel III implementation introductory remarks
… before and during the crisis. And APRA does not have a mortgage on conservatism. Over the past year or so: in … APRA is required under Government policy to prepare a Regulation Impact Statement that assesses costs and benefits. … received, it would be premature for APRA to rehearse the Regulation Impact Statement, although it has been our strong …
Prudential reform in securitisation
… were treating securitisation, combined with lenders mortgage insurance, as a kind of perpetual motion machine. … Thank you for your attention. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
APRA Deputy Chair Helen Rowell - Speech to the Australian Financial Review Super and Wealth Summit
… use it however they see fit, whether it be paying off the mortgage, buying a caravan and travelling around the country … contact APRA on 1300 558 849 . The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
APRA's Basel III implementation transition, pillar 2 and supervisory issues
… to get the job done. Thank you. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …
Views from APRA
… pre-empt the question, this does not necessarily mean more regulation! Indeed, as you will see, we are seeking ways to … 2010: changes to Maximum Event Retention (MER) for Lenders Mortgage Insurers (LMIs) July 2012: consolidated … This eventually will have an impact on APRA and its regulation of the financial services industries. To be …
A look through the rear view mirror and the road ahead
… at strengthening Australia's framework for financial regulation. In particular, this includes strengthening APRA's … there is a consistent and co-operative approach to the regulation of insurers that operate internationally. ComFrame … this continue it may result in higher claims for lenders’ mortgage insurers (LMIs). A Moody’s stress test in 2012 …
Life in the slow lane
… targets that do not reflect the current subdued pace of mortgage lending. Another important line of defence are the … on living wills and, as with other areas of prudential regulation, our approach will be tailored to the particular … management continue to prevail. The Australian Prudential Regulation Authority (APRA) is the prudential regulator of …