FXStreet (Bali) – Philip Lowe, Deputy Governor of the Reserve Bank of Australia, speaking on regulation, notes that Local banks under-reported investment home loans by AUD50 bln.
Headlines – via Reuters
“Says “disappointing” that bank systems failed to accurately report on loan types.”
“Says problems reinforce need for supervisory focus on investor loans”
“Says RBA, APRA and abs to undertake thorough review of bank lending data next year”
(Market News Provided by FXstreet)