From The Australian:
Speaking to a Senate committee in Canberra last night, [Wayne Byers] said most banks were already compliant with guidelines on investor lending growth and borrowing serviceability tests, so credit growth would unlikely be impacted.
While the guidelines were not “hard limits”, Mr Byres signalled APRA’s “targeted” review would not hold back against specific lenders deemed to be behaving too riskily.
“The guidance is not intended to be dismissed lightly, and any recipients of subsequent supervisory action have no right to claim they weren’t warned,” he told senators.
That looks to be firming as a hard limit to me. Watch out Mac Bank and NAB, both growing above 10%, the former wildly so.
