RBA previously flagged willingness for other regulators to use macroprudential tools
- Wednesday, 10 December 2014
Analysts believe new steps announced by the Australian Prudential Regulation Authority (APRA) as a means to "reinforce sound residential mortgage lending practices" represent a combined regulatory effort. Indeed, earlier this year the Reserve Bank of Australia (RBA) flagged its preference for macroprudential-type tools to be used, if at all, by the prudential supervisor rather than the reserve bank.
