APRA says "common sense sometimes absent" from ADIs' mortgage-lending assessments
- Wednesday, 13 May 2015
The Australian Prudential Regulation Authority (APRA) has offered the first public insights from its review of banks' mortgage-lending standards. The impression given by APRA's chairman, Wayne Byres, in a May 13 speech is that the regulator is far from universally happy with the way all authorised deposit-taking institutions (ADIs) calculate borrowers' likely ability to service mortgage debt.
