APRA worried about mortgage risks. Then ignored them

Monday 4 April 2016

The 7.30 Report ran a great segment last night disclosing a “secret” report from the Australian Prudential Regulatory Authority (APRA) showing that the regulator was deeply concerned about mortgage risks in the lead-up to the GFC, but took few actions, leaving the Australian banking system in a riskier position today.

Below are the key exerpts from the transcript:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.